Being in the professional services industry ourselves, we understand that time is money. When professionals spend time on accounting, tax, technology implementation or other non-core business functions, they lose valuable time that could be devoted to clients Farsakh & Co. works with a variety of professional services providers, taking care of their business functions so they can concentrate on the work that they love.
Professional service firms, such as law firms, architects, engineers, consulting firms, talent agencies, marketing firms, insurance brokers, and other service providers, are facing an increasingly competitive and complex business environment. We can provide as much or as little support as needed, depending on each client’s specific needs and other internal resources. How much we do is up to you.
- Outsourced accounting services
- Tax planning and compliance
- IT implementation and on-going support
- Interim financial management
- Recruitment for financial positions
- Merger & acquisition assistance
- Transaction advisory services
- Wealth management
- Employee benefits plan services
- Litigation support and dispute resolution
- Assurance services
Firms continue to face significant issues including compliance with professional standards and government regulations, risks associated with domestic and global expansion, talent acquisition and retention, succession planning, innovation, and the need to consider changes in the current business model in order to adapt to these challenges.
Professional service firms also face many tax and accounting challenges. These include taxation by multiple state jurisdictions, increased scrutiny and reporting related to international tax matters, and the responsibility to accurately and timely report financial and income tax-related information to partners and stakeholders.
Constant changes in tax regulations and accounting standards require professional service firms to stay informed in a timely manner and understand the related impact on the firm and its stakeholders. We understand these challenges. We work with you to help you stay informed and to navigate tax and accounting issues. Our specialized practice focuses on your needs and helps you achieve your goals.