Professional Services

Precision Accounting for Professional Services: Driving Growth, Ensuring Compliance, and Maximizing Profitability

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At BKC, we understand that Professional Services companies face unique financial challenges that require specialized guidance. Our team of seasoned accountants are dedicated to helping your firm navigate the intricacies of your industry with a comprehensive suite of services designed to create value, improve financial performance, and ensure long-term success.

"Our goal is to ensure financial clarity, optimize cash flow, and provide strategic insights that drive growth. We understand the challenges you face, and we are committed to helping you achieve lasting financial success."

Organized modern workspace for professional services and accounting with BKC

Why Professional Service Company Leaders Choose BKC

BKC clients enjoy personalized service from seasoned professionals who bring years of specialized experience and strategic insights. We combine the comprehensive range of services typically offered by a large firm with the intimate, in-tune relationships of a small firm. This means you receive the best of both worlds: the full spectrum of advanced accounting, tax, and advisory services, along with the hands-on, responsive approach of a team that truly understands your business. We are deeply invested in your success and work tirelessly to stay informed on industry developments and regulations, to offer tailored solutions that drive growth, streamline operations, and maximize profitability — all while ensuring compliance and mitigating risk.

Contact the Professional Services Team Leader

Outsourced Accounting and CFO Services

Bookkeeping and financial reporting, Budgeting and forecasting, Cash flow management

Forensic Accounting

Fraud detection and prevention, Litigation support, Dispute resolution

Human Resources Support

Compensation modules, improve employee retention and assist with HR Compliance needs.

Exit & Succession Planning

Strategies for business continuity, ownership transition or retirement planning and wealth management. Tax efficient advisory on sales of ownership structures.

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What to Expect

Personalized Attention

Direct access to experienced professionals who understand the unique needs of your business.

Strategic Guidance

Insights that help optimize financial performance, minimize taxes, and improve cash flow.

Accurate, Timely Reporting

Clear, concise financial reports that empower informed decision-making.

Comprehensive Support

A full suite of services, from project-based billing to tax planning, all under one roof.

Proactive Solutions

Recommendations for improving efficiency, reducing costs, and driving profitability.

Long-Term Financial Strategy

Support in building sustainable growth plans and future-proofing your financial health.

How We’re Helping Clients

Project-Based Billing and Cost Allocation – Managing time-sensitive and project-based billing is crucial for professional services companies. We provide expertise in accurate and transparent project cost allocation, enabling you to capture the true cost of each engagement. By optimizing your billing cycles, we help you avoid revenue leakage, ensuring that every hour worked is appropriately billed and accounted for.
Revenue Recognition and Compliance – For Professional Services firms, understanding when and how to recognize revenue can be complex, especially in industries that rely on long-term contracts or milestone-based billing. We assist you in navigating these complexities by ensuring your revenue recognition practices align with the latest accounting standards (e.g., ASC 606) and industry best practices. Our services help you maintain compliance while minimizing risks associated with misreported revenue.
Cash Flow Management and Optimization – Cash flow is the lifeblood of any professional services company. We help you monitor and optimize cash flow through precise forecasting, management of accounts receivable, and strategic tax planning. Our goal is to ensure you have the liquidity needed to seize growth opportunities and maintain a healthy financial position, even during fluctuating periods of demand.
Business Structure and Succession Planning – Whether you're a sole practitioner or part of a larger firm, we offer expert guidance on business structure, succession planning, and exit strategies. Our team helps you optimize your organizational structure for tax efficiency, provide clarity on ownership transitions, and plan for a successful future, allowing you to maximize the value of your firm when the time comes to sell or transfer ownership.