Professional Services Firms

From one professional services firm to another – it takes one to know one. We can relate to the tug in both directions of client service and running a business. From experience, we also know that it is best to use your time wisely and surround yourself with good advisors. ARB provides tax, accounting, and advisory services to architecture firms, engineering firms, law firms, marketing agencies, and consulting firms so that they can shift the primary focus back to client service.

How We Do It

With access to our team of professionals who specialize in working with professional services firms, you’ll turn partner group discussions that end in stalemate into productive action. ARB can help your firm get back to the business of doing what you do by taking compliance off the to-do list and helping you reach your financial and operational goals with an array of advisory services.

Attract and retain the best in town with partner agreements, buy-ins, retirement plans, and more, while setting compensation policies, guidelines, and incentives that ensure equity, competitiveness, and legal compliance.

Measure your goals and progress with monthly, quarterly, or as-needed financial reports.
Rely on customized compliance services and financial statement preparation to address your firm’s specific needs, whether for lending, investor relations, or just an independent look at your financial information.

Get guidance on tax minimization strategies for the firm as a whole and the partners as individuals.

Help prevent fraud and human error by ensuring proper internal controls and division of duties.

Optimize everything from taxes and liability to succession from the get-go by choosing the right entity type for your firm.

Provide for the financial well-being of your partners and see the impact of various possibilities before finalizing your decisions.
Confidently meet your firm’s employee benefit plan compliance needs with an audit of your benefit plans from a firm that is also a member of the AICPA Employee Benefit Plan Audit Quality Center.
Identify which services are most profitable and the KPIs that will improve your firm’s performance overall.
Compare your firm’s performance to industry averages to identify opportunities to improve your financial performance.
Strong cash management planning to improve liquidity, reduce costs, and increase profitability.
Take inventory of your financial systems to evaluate and design systems that maximize your firm’s operating efficiencies.
Effectively manage your firm’s business plan and profitability through the “what ifs” with forecasts and projections you can count on.

Advance planning, from entity selection and due diligence to finalizing the deal.

How We’re Helping Professional Services Firms

Buy-Sell Agreements: We help firms develop buy-sell agreements that address everything from partner compensation to retirement clauses for planned mergers and more.

Profitability and Benchmarking Measures: Firms that bill by the hour need to know if they are charging the right rates. We help firms consider how efficiency, realization, utilization, and market forces all come into play when adjusting their rates to remain profitable and in line with the competition.

Professional Services Firm Advisory Services Team Leaders

John Hadwen | Principal

John Hadwen joined ARB in 2021. He is a Principal specializing in providing comprehensive tax compliance and tax consulting relating to partnership, corporate, individual, construction, manufacturing, professional service firm and real estate taxation. Prior to joining ARB, John was a Tax Principal at a large, regional CPA firm.

ARB Insights