Accounting for Professional Service Organizations

Whether you run an insurance company, ad agency, law firm or another professional service company, you need professional services accounting in Atlanta to:

• Save time: With insurance accounting outsourcing, your bookkeeping is taken care of for you, meaning you can funnel more of your time toward profit-generating activities.
• Save money: Accounting and financial planning for law firms in Atlanta and for other professional services save you money when compared with the high costs of recruiting, hiring and training an in-house bookkeeper.
• Stay lean: Outsourced bookkeeping helps you control your overhead. You don’t need to pay for a full-time bookkeeper if you don’t have full-time work for them. You also don’t have to pay for office space, equipment or workers’ compensation, allowing you to funnel more money toward growing your business.
• Enhance your profits: A professional bookkeeper can help with strategic planning, tax management and other services to help you uncover ways to save money and enjoy better cash flow and profits.
• Remain compliant: When the IRS or tax authorities want to take a closer look, professionally-prepared books give you peace of mind. With professional bookkeeping services, you know your company is in compliance with the latest versions of all applicable regulations.

Professional Services Accounting in Atlanta and Alpharetta

Let us help you take your professional practice to the next level. As an owner-managed business ourselves, we know it is difficult to find the time to plan ahead and find like-minded individuals who want to help you succeed. We have ample experience serving a wide array of professional service organizations, such as:

• Dental, physician and veterinary practices
• Marketing and advertising firms
• Law firms and consulting agencies
• Architectural and engineering firms
• Private and public companies

Our professionals have specialized, in-depth knowledge of the strategic, operational, tax and financial issues pertaining to specific professional service corporations and partnerships. Our specialized accounting services for professionals include:

Audit and Assurance Services

At Marshall Jones, we put a positive spin on audits. Audits are tools professionals can use to monitor, preserve and improve business finance strategy. Audits also ensure ongoing compliance with state and federal regulators and other applicable entities. With over 30 years of experience, our certified public accountants (CPAs) and financial advisors leverage their expertise and knowledge to ensure peak-level performance for those in the professional services industry.

An audit is an extensive review of a company’s financial data. Assurance services ensure it’s accurate. Together, these advisory services assure business owners, partners and key stakeholders the organization is compliant, attentive and tracking all financial developments. An audit by Marshall Jones can offer feedback for improvement, illuminating possible new ways to increase profitability, reduce expenses and drive growth.

Tax Planning and Preparation Services

Tax season comes around quickly, adding undue stress to your busy life. As a professional service organization, you must be prudent with your tax calculations. However, you may not always have the time to do this. That’s where we come in. Marshall Jones can take over your tax planning and preparation efforts, giving you more time to focus on your business. Our tax professionals will analyze every receipt and invoice to maximize your tax benefits and save your business money.

Bookkeeping Services

A thorough bookkeeping system is vital for any company, especially professional service enterprises that see numerous financial transactions every day. Keeping track of these transactions is time-consuming and complicated, but you can entrust us with your company’s bookkeeping instead. Our skilled bookkeepers leave no stone unturned, analyzing every receipt, account and expense for accurate financial data. We can also develop detailed reports for stakeholders and investors.

Our bookkeeping services can free up resources and increase your company’s financial security. We will see that your business follows current laws and regulations to maintain compliance. Our bookkeepers will also help you establish an organized system so you can have a clear view of your company’s financial standing.

Additional Accounting for Consulting Businesses

When you partner with us, we can work together to develop and achieve actionable long-term goals. Besides our primary accounting services, we offer a range of other options to suit your professional service organization. Our professional services accounting also includes:

• Health, 401K, cafeteria and other benefit plans.
• Buy-sell agreements and related issues.
• Law firm and job costing accounting software.
• Financial information and reports necessary to manage a professional services firm.
• Litigation support.
• Cash basis tax returns with accrual basis financial statements.
• Capital contributions of cash, depreciable property and other property.
• Partner or shareholder buy-ins and buy-outs.
• Allocations of recourse and non-recourse liabilities.
• Partnership and shareholder agreements.
• Partner and shareholder compensation systems and profit allocations.
• Working capital management and long-term financing.