As an owner-managed business ourselves, we understand the challenges you face as a professional service firm– especially just finding the time to move plans forward, do proper analysis of the firm’s operations and structure, and assess the profitable versus the nonprofitable aspects of your business.

BNKJ has been providing accounting services to professional service firms for nearly half a century, and it is one of the firm’s largest and most established areas of our practice.

We help firms with a small number of employees to several hundred employees, some operating in one state and others with offices across the United States and overseas.

As a professional service firm, your tax and accounting affairs require proper attention by experienced accountants who understand the structure of a professional service firm, how it operates, and what tax and accounting issues are specifically affecting your industry.

We work with our professional services clients on many different levels, including

• Cash basis tax returns with accrual basis financial statements.
• Capital contributions of cash, depreciable property and other property.
• Partner or shareholder buy-ins and buy-outs.
• Allocations of recourse and nonrecourse liabilities.
• Partnership and shareholder agreements.
• Partner and shareholder compensation systems and profit allocations.
• Working capital management and long term financing.
• Health, 401K, cafeteria and other benefit plans.
• Buy-sell agreements and related issues.
• Law firm and job costing accounting software.
• Financial information and reports necessary to manage a professional services firm.
• Litigation support.

We see ourselves as business partners to our professional services clients, and we look for ways to help our clients minimize their tax burdens and maximize their profits.

BNKJ professionals have the specialized, in-depth knowledge of the strategic, operational, tax and financial issues pertaining specifically to service firms.

If you are such a firm in need of accounting and consulting services, we hope you will choose to work with Babush, Neiman, Kornman & Johnson, LLP based on our experience in this area, as well as the quality services and high level communication we provide to all of our clients.