• Professional Services

    Developing a deeper understanding of your practice

Navigating the Challenges in Professional Services

Professional service firms are unique — managing a practice while maintaining financial affairs is not easy. Operating a business with financial, human capital, and regulatory challenges demands a great deal of professional attention. Whether still in school, just starting a professional practice, running a thriving practice, or in need of transition services as retirement nears, owners often find they need support from professional experts through all aspects of their careers.

At BDO, we work together and develop relationships with doctors, lawyers, dentists, engineers, architects, veterinarians, optometrists, and other professionals. BDO’s experienced advisors can help with all stages of a professional career including annual accounting and tax compliance, day-to-day bookkeeping services, incorporating a practice, buying or selling a practice, and much more. We also have a large network of national and international tax professionals with a breadth of knowledge that can manage complex tax matters.

Providing Holistic Advice to the Professional Services Industry

In order to gain a deeper understanding of current and future financial goals, we offer comprehensive personal financial planning through our team of wealth advisors. Our BDO wealth advisors have developed strong relationships with a select group of investment counsel firms who work with us to invest your portfolio to align with financial planning goals. From a tax planning perspective, we can determine the optimal time to incorporate a practice, create a family trust, form partnerships, create an estate plan, and identify any other tax planning-related services necessary for success. Our BDO legal team can provide all legal advice in-house, creating a one-stop, full service firm for professional needs.

We provide the following advisory services:

  • Tax Planning (Domestic, Indirect, and International)
  • Wealth Management & Estate Planning
  • Outsourcing
  • Succession Planning
  • Business Valuation
  • Legal
  • Financing
  • Human Capital
BDO works closely with professional service clients to meet their individual needs and financial goals. We take a proactive approach to ensure our planning is flexible and adaptable to any changes or circumstance that will arise throughout a client’s professional and personal life. Our professional team of accountants, tax specialists and advisors build on their extensive experience to provide real-world answers and solutions for our clients.