Professional Services firms are unique and so are their challenges

Professional services firms are fast evolving: increased competition, regulation, increased use of technology and internationalisation are all impacting the way that firms operate. Having advisers who can help you navigate these unique and varied challenges is key to your success.

Large proportion of our client companies offer professional services, and at the core of this ‘knowledge economy’ is innovation which is driving knowledge-based businesses. This economic shift delivers both benefits and challenges for firms like yours and our professional services team, committed to helping you achieve your strategic goals.

For years we have had a dedicated team at BDO advising professional services firms and we are proud of this long-standing position in the sector. Our team of auditors, tax specialists and advisers are committed to delivering unparalleled service and advice to professional services firms. Our partners lead from the front and help firms to navigate the issues that are unique to the sector. Our close ties with the sector give us an in-depth understanding of what makes your firm successful and what it takes to overcome the inherent issues it faces. We always bring fresh thinking and knowledge to share with you on your strategic, operational and technical issues.

We advise on:

• Corporate governance in professional firms
• Partnership tax
• Retention of working capital
• Succession planning
• M&A – domestic & Cross-border
• International Growth
• Cyber security mitigation and planning
• Profit-sharing among partners
• Tax Structures
• Risk mitigation advice
• Statutory Audit
• Internal Audit