Professional services firms operate in a competitive environment where profitability, talent management and operational efficiency are critical to success. PKF O’Connor Davies provides accounting, tax and advisory services tailored to professional services firms such as architecture and engineering firms, law firms, construction companies, marketing agencies, insurance organizations, tech consulting firms, lobbying firms and more.
Leadership teams work with PKF O’Connor Davies to address the challenges unique to professional services organizations, including margin pressure, partner compensation, succession planning and regulatory complexity. This collaborative approach focuses on delivering practical strategies that enhance profitability, improve visibility into financial performance and support long-term business objectives.
Our team combines deep industry knowledge with financial and operational insight to help firms improve performance, manage risk and achieve sustainable growth.
Meet Our Professionals
David M. Sullivan, Jr.
Catherine Doe
Kevin McGinn
Linda McLean
Nicholas P. Tamvaklis
Katherine Zech
Providing customized support so that professional services firms can focus on maximizing profitability.
Accounting, Tax and Advisory Services for Professional Services Firms
Our services are designed to support professional services firms across every stage of their lifecycle:
Advisory
- Mergers and acquisitions
- Maximization of tax credits and incentives
- Long-term tax strategy development
- Succession planning and ownership transition
- Deferred compensation and retirement planning (including Section 409A)
- Compensation structuring and partner planning
- Employee benefits consulting and retirement plan design
- Financial benchmarking and KPI analysis
- Cash flow forecasting and financial planning
- Project management and profitability analysis
- Working capital and financial performance reviews
- Debt financing assistance and banking representation
- Business valuation services
- Internal controls and operational improvement
- Litigation support and fraud investigation
- Cybersecurity assessments and penetration testing
- ESG, sustainability and impact optimization
- ESOP advisory services
Accounting, Assurance and Tax
- Audit, review, compilation and assurance services
- Financial statement audit, review and compilation
- Employee benefit plan audits
- Overhead rate audits (FAR compliance)
- Agreed-upon procedures
- Tax planning and compliance (corporate, partnership, individual, multi-state, international)
- Outsourced accounting services
- Professional services accounting
Helping Professional Services Firms Improve Profitability and Operational Efficiency
By aligning our accounting, tax and advisory services with your firm’s structure and goals, we help professional services firms:
- Increase profitability and partner distributions
- Improve operational efficiency and cost management
- Strengthen financial reporting and forecasting
- Navigate complex tax and regulatory requirements
- Plan for leadership transitions and long-term growth
Professional Services Industry-Specific Expertise That Drives Results
Our dedicated professional services team understands the financial and operational nuances of your industry. We deliver solutions that are practical, scalable and aligned with your firm’s strategic objectives. Partner with PKF O’Connor Davies to strengthen your financial foundation and position your firm for continued success.
Ready to start the conversation? Contact us today to learn how our professional services practice can support your firm.