On March 27, 2020, the CARES ACT (Coronavirus Aid, Relief and Economic Security) was enacted.…
Providing labor intensive professionals with the tax, accounting, and financial reporting support to help them assess realization and utilization objectives.
Time is Money
Just like other companies, professional service firms have the same financial statement and tax reporting needs. What sets them apart, however, is that professional service firms are selling time. Time itself can be broken into an hourly rate, a fixed fee, billed as a hybrid of hourly rates or on a contingent percentage based on some type of success fee.
Our Clients Include:
- Software Designers/Developers
Devote Your Time to Where it is Needed Most
You cannot own time, but you can use it. You can spend it, but you cannot keep it. Once you have lost it, you can never get it back. When professionals spend time on accounting, tax, technology implementation or other non-essential functions, they lose time that could be devoted to clients. Our professionals have the experience with specific profitability and compensation questions related to professional service firms and we are always looking ahead to help them make the most effective financial choices.
Some of Our Experience Includes:
- Estimating Client Budgets
- Paying bills and recording expenses
- Transferring time and billing data to accounting system
- Assisting client with projections
We Understand Managing Time
Let us help you bring the same expertise we use to run our firm to your practice. While we are both in the professional services industry, the difference is our business model is to help with best practices time management and tracking. Let us start with a conversation about how we can help you with realization, utilization and other steps to help you with your continuous effort to refine your business.