Tag: Professional Services Accounting

Internal Revenue Code Section 179 potentially allows significant first-year depreciation deductions when your business places qualifying assets into service. You generally want to maximize current year depreciation write-offs for newly acquired business assets. However, the Read More

Profitability can be a difficult metric to measure in any industry, but owners of professional services businesses face an added challenge: underestimating the cost of uncompensated time. Time as a Product In professional services businesses, Read More

In a thriving pet care industry valued at nearly $36 billion, increasing profitability while growing your veterinary practice can be a challenging endeavor. The path to growth is not just about increasing revenue but understanding Read More

Reasonable compensation is an issue that comes into play in divorce, shareholder disputes and tax cases. It's also a common financial statement adjustment that valuators make when valuing a business. Although experts are often hired Read More

There are many types of professional practices. Examples include medical, architecture, engineering, accounting, advertising, design and law. From a business valuation perspective, it's important to recognize the common denominators these businesses share.   Reliance on Read More