Professional Services
As a professional services firm, your clients are expecting more from you every day. Your employees are working harder than ever, stretching the limits of their work-life balance. While meeting client demands is a necessity, so is modernizing your workplace in order to better support their needs.
Our Professional Services Industry Expertise
Professional Services Industry Challenges and Trends
Your clients are the foundation of your business. Ensuring their happiness is your main priority. Measuring their satisfaction while correcting where you’re falling short will help you not only sustain your business but grow it too.
Learn MoreDigital solutions create a smarter way of doing business. Digitizing operations enhances client service and experience. Implementing cloud-based solutions increases efficiency and collaboration. Utilizing the right technology will help you do more with less.
Digital Workplace SolutionsSteady cash flow is a constant challenge for professional services firms. There’s a time lag between cash going out for operational costs and coming back in as your clients make payments. Implementing the right processes and controls can help alleviate the strains this puts on your business.
Learn MoreIn this highly-competitive environment, you’re seeing declining margins, so reducing overhead is becoming especially important. Keeping talent with experience in US GAAP, government accounting compliance regulations, FAR or DCAA takes away valuable time you can spend on running your business.
Outsourced Accounting Systems and Services (OASyS)Finding the leaders of tomorrow can be difficult. Building the plan for that transition is just as hard. Professional service firms are constantly evaluating their talent and succession plans to ensure the longevity of their business for years to come.
Succession Planning for Small Business ExecutivesProfessional Services Insights
The New State‑Tax Reality for Advertising and Marketing Firms in 2026 — And How to Stay Ahead
The advertising and marketing industry has been facing a radically reshaped state‑tax environment so far in 2026. What began as a patchwork of digital‑activity rules has accelerated into a full‑scale shift in how states define nexus, source revenue, and tax digital services. For agencies operating across markets — whether through remote talent, multistate clients, or…
2026 Benchmark Guidance for Law Firm Leadership
For law firm leaders, staying informed about industry trends and benchmarks remains critical as 2026 progresses. This report identifies the top five benchmarking observations that will provide valuable insights and guidance for navigating the evolving legal landscape, using the results of our 2025 Law Firm Financial Performance Benchmarks survey conducted by Savvy Surveys for Lawyers….
Withum’s Law Firm Managing Partner Interview Series
Withum’s Law Firm Managing Partner Interview Series highlights managing partners of law firms across the country.
What Law Firms Need To Know About Section 70202: No Tax on Overtime
At first glance, law firms may assume the new Section 70202: No Tax on Overtime rules are irrelevant to them – but that could be a costly mistake. It’s part of the One Big Beautiful Bill Act, commonly referred to as the OBBBA or OB3, and it allows an above-the-line deduction for qualified overtime compensation…
Navigating an IRS Audit: Preserving Attorney-Client Privilege and Ensuring Compliance
When an attorney’s client receives an IRS audit notice, the process can feel overwhelming. It is essential to act strategically to protect attorney-client privilege while meeting all compliance requirements. Failure to do so can result in serious legal and ethical consequences. Below are key considerations for navigating this process effectively. Key Considerations Start by supplying…
Professional Services Accounting Services
- Audit and Attest
- Tax Consulting and Compliance
- Profitability analysis
- Budgeting and forecasting
- Cash flow management
- Internal control review
- Pension and profit-sharing plans
- Business succession planning
- Estate planning
Professional Services Advisory Services
- Operations review
- Business valuation
- Information systems consulting
- Bank financing assistance
- Mergers and acquisitions
- Partners and employee compensation plans
- Forensic/fraud services
- Litigation support services
- Process Automation
Why Professional Services Firms Choose Withum
Digitizing operations is now a priority, allowing employees to work more collaboratively and effectively. Succession planning and employee flexibility are changing the way you view and conduct business. Whether you’re looking to maximize operating efficiency, maintain profitability or nurture meaningful client relationships, Withum can help you stand tall above the competition.
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