The WS+B Professional Services team are members of:
  • US Green Building Council of New Jersey
  • NJ Alliance for Action
  • AIA—various NJ Chapters
  • AIA—Philadelphia Chapter
  • Utility Transportation and Contractors Association
  • NJ Professional Engineers in Construction

We are an Axium Partner: AxiumLogo

Proposed Changes in Congress Could Affect Law Firms

Law firms with over $10 million in revenue need to be aware of two proposals in Congress that may fundamentally change the way income is reported for federal tax purposes. Currently, most large law firms use the cash method of accounting, but new proposals would force taxpayers with gross receipts greater than $10 million to use the accrual method of accounting. Such a change in accounting method would force law firms to accelerate the recognition of taxable income. LEARN MORE

Professional Services

As a certified public accounting and consulting firm with 40 years of successive growth and success in the services industry, we understand your professional practice from both a service and business operations perspective. We know first-hand what it takes to put you in a position of strength. In addition to traditional accounting, auditing, and tax planning and compliance services, we can assist you in maximizing your operating efficiency and maintaining profitability with customized management advisory services.

WithumSmith+Brown (WS+B) can assist you in maximizing your operating efficiency and maintaining profitability with customized management advisory services that include:

  • Profitability analysis
  • Budgeting and forecasting
  • Operations review
  • Cash flow management
  • Internal control review
  • Business valuation
  • Information systems consulting
  • Bank financing assistance
  • Mergers & acquisitions
  • Pension and profit sharing plans
  • Partner and employee compensation plans
  • Business succession planning
  • Estate planning
  • Forensic/fraud services
  • Litigation support services

Our professional services clients range in size from single practitioners to multi-office regional operations. They include architects and engineers, attorneys, accountants, consultants and others in the services profession. At WS+B, we’ll help you manage your business operations cost-effectively so you can focus on providing the highest quality services to your clients.

Paul V. Gergel
Paul V. Gergel

The information contained herein is not necessarily all inclusive, does not constitute legal or any other advice, and should not be relied upon without first consulting with appropriate qualified professionals.