ACCOUNTING FOR PROFESSIONAL SERVICE FIRMS
In the professional service industry, relationships are at the core of your business, and at 415 Group, we maintain that same philosophy. Countless companies trust our firm to provide accounting services and business expertise to help them navigate challenges and build success in their business. Our consultants and CPAs get to know your firm, so we can tailor our solutions to fit your unique needs, from high-level advisory to detailed execution.
We work with insurance agencies, engineering firms, architecture firms and law practices throughout Northeast Ohio to manage cash flow, improve profitability and position for growth. Our solutions include state and local tax planning, accounting, benchmark and realization analysis, compensation formulas and more. Our goal is to provide the comprehensive and personalized support you need, so you can stay focused on what you do best — serving your clients.
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Our Solutions for Your Business
Compensation and bonus formula
Issuing bonus compensation to your team or shareholders requires a complex formula to calculate the appropriate allocation and tax liability. We can work with you to determine the best distribution.
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Buy-sell agreements
We offer transaction advisory services, including buy-sell agreements, so whether you’re bringing on a new partner or exiting your firm, we can help you prepare for those transactions.
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Benchmark and Realization analysis
How is your professional firm doing in comparison to others in your market? How productive should your employees be? We have access to a variety of benchmark reports and software to provide you with a thorough analysis.
