Professional Service Firms
One of Udall CPA Group's primary industry focuses are professional service firms. Service based businesses do not have the burden of focusing on inventory and product creation. They do, however, have to focus on maximizing revenue and minimizing overhead. Nearly all service firms have ownership that is integral in the generation of income due to their expertise. The business owners are typically very focused on working IN the business, with very little time to focus ON the business.
Our clients can rest assured that our firm will consider the best options for the type of entity and present the benefits of various tax classifications to minimize their tax burden. Issues such as compensation planning, estate planning, and pension planning will be considered and reviewed with the client to ensure proper reporting and planning occurs in the present and as growth occurs throughout the business-life cycle.
Some of the professional service firms Udall CPA Group service include:
- Architects
- Consultants
- Engineers
- Financial Advisors
- Insurance Agencies