Professional Services

Your clients are your passion and one of the main reasons you chose your career. We know that providing exceptional client services often doesn’t leave room for strategic planning or a high-level perspective of how to improve firm-wide processes and procedures. Windham Brannon works with professional services firm executives to provide advisory services that include financial benchmarking, overhead allocation analysis, cybersecurity and risk assurance assessments, M&A transaction support, and more

Financial oversight of a professional services firm can be time-consuming but is an important process for internal and external stakeholders. When properly understood and managed, financial statements allow users to see where money is being used, how efficiently, and how different aspects of the firm are working together – or not. Whether your firm requires a full scope audit or simply organized financials compliant with GAAP standards, Windham Brannon’s assurance services for nonprofits ensure that financial statements are up to industry standards.

Offering a retirement benefit plan to your employees has been shown to increase job satisfaction and loyalty. Windham Brannon is familiar with defined benefit, defined contribution, health and welfare, ESOP, and profit-sharing plans as well as 11-K filings. We can help your firm manage the process of ERISA and DOL compliance and reduce the time it takes to manage retirement plans by streamlining administrative tasks and processes. We can also work with other service providers to educate your employees on plan offerings

Owners and shareholders of LLCs, partnerships, and S-Corps stand to benefit from the qualified business income deduction, also known as the 20% pass-thru entity deduction. We can help you identify whether your business qualifies and to what extent, as well as how much of the deduction your shareholders are entitled to. Flow-through tax analysis and planning at the individual level also takes into consideration available deductions, incentives, and long-term planning so that your shareholders and their families also benefit from forward-thinking tax analysis and consulting.

Sometimes, the most basic corporate finance and operational tasks also take up the most time. Completing daily tasks is important, but so is looking at the big picture and streamlining processes where it makes sense. Windham Brannon offers timely and reliable bank account, credit card and cash reconciliations, tax preparation as well as financial statements and reports with the details you require. We work with a variety of software programs including Quickbooks, Sage, Expensify, and Yardi, among many others.

Owning a professional services firm is more than a job; for many, it’s their legacy. Ensure yours stands the test of time, economies, and future generations with personalized succession planning. Windham Brannon can assist in evaluating the taxable impact of partnership and compensation agreements, buy-ins and buy-outs, conducting valuations, and help you develop a transition plan well in advance of needing to implement it.

With professional services firms, how the business is taxed directly affects how owners and shareholders are taxed. Since 2017, many business deductions have been phased out or drastically reduced, leaving owners and shareholders with fewer options to maximize tax savings. Our Professional Services tax experts can take care of basic quarterly and annual tax planning and available tax credits and deductions as well as advise on the range of tax issues that arise. Tax consulting options include state and local tax compliance, international tax issues, setting and implementing firm-wide tax policies, analyzing cash flow management and projections, and advising on the taxable impact of partnership agreements.