Professional Service Firms
Tax and Accounting for Professional Service Companies
As a provider of professional services ourselves, R.C. Thornton Accounting Group understands the intangible quality of the product you offer. It’s probably not a stretch to assume that you likely don’t care for accounting, tax, and system work. Instead, you prefer to do what you do best: practice your trade.
And as you teach your own clients, you have to hire experts to handle the areas of business in which you are not an expert. When you work with R.C. Thornton Accounting Group, you can focus on what you do best and let our associates be tax and accounting specialists for your business.
Here are some samples of our services for professional service providers:
Law Firms
- Asset protection
- Business formation, including type of entities
- Financing
- Partnership agreements, including buy-in and compensation agreements
- Structuring of real estate acquisition of practice location
- Tax compliance, planning, and representation
Healthcare Providers
- Admission and termination of owners
- Cost segregation of physician-owned real estate
- Financing
- Income allocation and special reporting formats
- Multiple practice locations and facilities
- Tax issues, including retirement plans
- Tax strategies and compliance
Architects and Engineers
- Accounting for capturing of time, maintenance of work in progress, billing and variances
- Agreements
- Entity formations and structures
- Financing
- Partner admission and retirement
- Research and development credits
- Tax planning and compliance
