Regardless of the category – law or architectural firm, public relations company, consulting organization and so on – professional services companies seem to share a common set of concerns relative to their accounting needs. Edelstein & Company has a clear understanding of what it takes for them to establish and maintain a profitable practice. After all, we're a professional services company ourselves.
There are a range of issues that are pertinent to every company in this sector:
• Have they selected the right type of corporate entity, S Corp, C Corp or LLC?
• Are they managing their finances in a way that maximizes their profits and minimizes their tax liabilities?
• Are the principals of the companies maximizing their retirement contributions on an annual basis?
• If the company is a partnership, are they able to anticipate partner distributions in an accurate way?
In the case of every professional services company, quick turnaround is particularly critical, and that's what we at Edelstein & Company seek to deliver.
The service we provide our professional services clients include:
• Business consulting
• Tax planning