Professional Services
Client Profitability, Tax Planning & Payroll Solutions Built for Professional Service Firms
Your margins depend on how well you track time, bill accurately and manage partner compensation. We handle your bookkeeping, tax prep and payroll using practices built for how professional service firms actually operate. This way your team stays focused on client work.
Accounting
Professional service firms have financial complexity that goes beyond standard bookkeeping. Engagement structures, partner compensation and multi-state exposure all need specialized handling. Here is how our team works for you!
Bookkeeping
- We provide project and client-level profitability tracking. You see what each client and engagement actually returns, not just firm-wide revenue.
- We include work in progress and unbilled time tracking. This keeps visibility into the value you’ve delivered but haven’t yet invoiced.
- Our team specializes in accounts receivable management. Built for the mix of retainer, hourly and fixed-fee engagements firms typically run.
Tax Prep
- We work with tax professionals to optimize entity structure. Using S-corp, partnership or LLC structuring for tax efficiency.
- For partner and owner distributions we give quarterly estimated tax planning.
- We handle multi-state tax exposure for firms serving clients or staff across state lines.
- For contract professionals and referral arrangements we take care of 1099 preparation.
HR & Payroll
- Our team handles partner/owner compensation structures. We manage them separately and correctly from staff payroll.
- We classify contractor and of counsel/associate accurately to avoid misclassification risk.
- We administer competitive benefits to help attract and retain skilled professionals.
- We keep credentials current across your team by tracking professional licensing and CE compliance.
- We handle salaried, hourly and partner-draw payroll structures. As well as bonus and profit-sharing distributions.
Accurate profitability tracking, down to the client and engagement level, is what protects thin margins in professional services. Clean partner compensation structures avoid disputes before they start. Our team works hard to make sure you have a solid foundation to grow!
Analysis
Once your books are accurate, we help you see where revenue is leaking and where your best opportunities really are.
- Realization and utilization rate analysis can help companies see exactly where billed vs worked and billed vs collected revenue is leaking.
- Client profitability analysis identifies which relationships are actually worth the time invested.
- Partner or practice performance comparisons uses real data to give informed compensation and resourcing decisions.
- Pipeline and capacity forecasting matches upcoming work against available staff before you’re over-committed.
Management
As your firm grows, we help you build the structure and development pathways to scale it well.
Procedure Development
- Partner track design and career pathing for associates and staff.
- Firm governance structuring and leadership succession planning.
- Practice group or service line organization as the firm grows.
Training
- Technical and continuing education coordination.
- Leadership development for future partners and managers.
- Client service and business development trianing.
Grant Writing
- We support clients for grant compliance and reporting where firms receive public funding.
- Research, innovation, or industry specfic grant identification.
- Small business grants and local economic development incentives.
Who We Serve
“Our mission is to help business owners and organizational leaders to achieve total financial clarity and operational confidence. By delivering accurate bookkeeping, specialized fund accounting, and end-to-end HR and advisory support. We serve as a reliable and knowledgeable partner, freeing our clients to focus on expanding their vision and serving their community.”
Our Clients Succeed!
ProBusiness Group moved our organization from indebtedness to significant cash reserves. Every promise they made was fulfilled day or night, they were always there.
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