Professional Services Industry
Accounting for Professional Service Firms
The professional service industry is one with a distinctive set of challenges, ones that center largely on costs, compensation and retention. We know that in order to serve your clients well, you need to create a business plan that will treat your employees well. MKR is experienced in coming up with creative business solutions targeting low costs and satisfied employees.
The solutions developed for one professional service company may not transfer to the needs of another company, so we want to work alongside you to uncover solutions singular to the challenges you encounter daily. Our team wants to help you meet day-to-day financial goals, as well as long-term ones.
In addition to our traditional tax and accounting services, we can provide business and software consultation and support. Let us focus on your financial needs, so that you can focus on your client’s needs.
Professional Services Articles
Professional Services Firms Are Replacing Billable Hours with Value-Based Pricing
Ask any lawyer, accountant, or consultant how they charge for their work, and the answer is almost always the same: by the hour. Agencies have built their entire businesses around the billable hour. Log your hours, multiply by your rate, send the invoice. Simple,...
Succession Planning for Professional Services Practices: Preparing to Sell, Merge, or Pass the Firm to the Next Generation
What happens when it’s time to step back from running your professional services firm? Is there a clear path for the future of your business? In this article, we’ll go over how to create a solid succession plan, whether you’re looking to sell, merge, or pass the firm...
Professional Services Trends 2025: How AI and Automation Are Driving Profitability and Growth
The professional services industry is undergoing a significant transformation in 2025, driven by rapid advancements in AI and automation. As firms seek greater efficiency, enhanced decision-making, and improved client service, AI-powered solutions are reshaping how...
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