Resource Center

Professional Services

helping with the numbers,
so you can focus on
your clients

IndustriesProfessional Services

Control and guidance systems for professional service firms

Successful professional enterprises keep a firm grip on the overhead and an eye on net operating income. They build and maintain robust internal accounting procedures and accurate financial reports, for tax planning, equity valuations, mergers, dissolutions or other transactions.

Their objectives vary. Startups need to build relationships and market presence. Established firms expect to handle major engagements. The bottom line remains the same. Partners want growth to maximize fee income and profit sharing.

Experience with various professions

The DHG Professional Services Group can monitor your internal accounting and financial performance as you take on larger clients, invest in talent and relationships, and expand your service footprint.

We provide tax, accounting and advisory services for:

Architects and engineers
Attorneys
Marketing firms
Management firms

Tax and Accounting Services

Your clients in industry and manufacturing execute continuous improvement strategies, which include eliminating waste and cost containment. They tend to view supplier and service provider estimates and invoices as low-hanging fruit.

This makes clear, accurate internal accounting essential, so timesheets, expenses, financial reports support your client invoices. We can supervise bookkeeping and handle corporate and partner tax planning, with services that include:

Entity selection
Accounting systems
Internal accounting procedures
Accounts receivable and payable management
Payroll
Financial statement preparation
Tax planning
Forecasting and budgets
Cash flow planning

Audit and Assurance

You need stringent internal accounting procedures and financial reports to support full and accurate client billing. DHG audit professionals can evaluate billing against various standards and verify that disbursements and expenses are properly documented.

Growth, particularly rapid growth, demands effective oversight. We help mitigate risk (including fraud), ensure compliance and measure efficiency for increased profitability. DHG assurance services include:

Client billing audits
Financial statements, audits and reviews
Revenue projections and budget planning
Employee benefit plan audits
Advisory services
Fraud

Strategic Planning and Management

As your firm grows, it may consider mergers or acquisitions, whether joining forces with strategic competitors or moving into new markets. Effective negotiations demand accurate valuations, to guide buy-outs and compensation of key principals.

We can help you plan and manage growth with:

Mergers & acquisitions analysis
Due diligence
Firm valuations
Capitalization structures
Equity and compensation issues
Operational reviews
IT consulting
Benchmarking
- Billing rates
- Billable hours
- Benefits
- Net income

Bankruptcy

Succession Planning and Successful Exits

Talent will be the most significant line item in your operating budget and a key investment in your retirement. We help you make sure your talent development and training produce measurable returns, to sustain growth and create a new generation of ownership.

Along the way, we provide:

Employee stock ownership programs
Key-man life insurance assessments
Buy/sell agreements
Partnership disputes and dissenting shareholder actions
Fairness opinions and valuations for mergers, acquisitions and divestitures
Partner withdrawal and retirement

We offer the following certifications to demonstrate our sound judgment and commitment to long-term relationships:

Certified Public Accountants
Certified Fraud Examiners
Certified Valuation Analysts
Chartered Financial Analysts
Accredited in Business Valuation
Certified Anti-Money Laundering Specialists
Certified Insolvency and Restructuring Advisors

You emphasize customized client service, so you expect the same from your service providers. We customize a wide range of resources and advisory services to meet your changing needs, with a partner to manage our relationship with your firm.

Publications

View All

No Items.

News

View All

No Items.

Alerts

View All

Federal Work Opportunity Tax Credit (WOTC) Extended ...

The Work Opportunity Tax Credit (WOTC) is a credit for companies that hire qualified employees from certain targeted groups. The WOTC originally expired
Read More

PATH Act and Expanded Benefits for Real Property - A...

Many people interpret the term déjà vu as referring to an occurrence of the exact same events multiple times and to many this is exactly how the
Read More