Professional Services Firms

PYA provides a full range of tax, audit and assurance, and business advisory services for professional services firms. With industry-specific knowledge and experience, our professionals help firms enhance profitability, reduce tax liability, maintain regulatory compliance, and manage risk.

We support proactive strategies including guidance on structuring the business entity (e.g., partnership, LLC, S-corp) to align with business goals; tax-efficient compensation structures; and eligible deductions for business expenses. Our compliance and risk management services include audit and assurance, operational support, internal reviews, and external audit and litigation support services.

Our Professional Services Firms Services

Audit


Assurance

  • Outsourcing or Co-Sourcing of Internal Audit Functions 
  • Reviews and Compilations of Financial Statements 
  • Debt Issuance and Compliance Monitoring 
  • Agreed-Upon Procedure Reports and Special Reporting 


Advisory

  • Internal Control Reviews and Risk Assessments 
  • New Accounting Standard Implementation 
  • Accounting Policy and Procedure Manual Development 
  • Forensic Accounting and Dispute Resolution 
  • Financial Due Diligence and Quality of Earnings Transaction Accounting Assistance 
  • Financial and Statistical Analysis 

Compliance 

  • Federal, State, & Local Income Tax Returns 
  • Real and Personal Property Tax Reports 
  • Quarterly & Annual Payroll Tax Returns 
  • Employee Benefit Plan Tax Returns 
  • Tangible & Intangible Property Tax Reports 
  • Sales Tax Returns 
  • State and Local Business Registrations and Applications 
  • Representation for IRS & State Examinations 


Tax Planning and Advisory

  • Income Tax Nexus Analysis 
  • Sales and Use Tax Exposure Analysis and Consulting 
  • International Tax Analysis and Planning 
  • Transaction Analysis & Planning 
  • Accounting for Income Taxes Under ASC 740 
  • Merger & Acquisition Analysis 
  • Financial Risk Assessments & Management 
  • Research and Development Credit Studies 
  • Energy Credit Studies 
  • Historic & Rehabilitation Tax Credit Studies 
  • Like-Kind or Reverse Real Estate Exchanges 
  • Entity Choice Modeling and Analysis 
  • Employee Benefit Modeling 

  • Monthly Accounting & Advisory
  • Quickbooks Support
  • Financial & Operational Dashboard Reporting
  • Tax Assistance & Planning
  • Outsourced Controller/CFO Services
  • Concierge Business Support Services
  • External Audit Support Services

Business Intelligence

  • Customized Data Analytics 
  • Dashboards and Visualizations 


IT Advisory Services

  • Comprehensive IT Assessments 
  • Cybersecurity Assessments 
  • IT Outsourcing Assessments 
  • Pre- & Post-Merger/ Acquisition IT Assessments


IT Risk Management & Compliance

  • Risk Management Program Development and IT Compliance Assessments 
  • Cyber Intelligence 

  • Contract Disputes
  • Fraud Investigations
  • Damages Calculations & Lost Profits Analysis
  • Expert Reports and Testimony
  • Civil Investigative Demands
  • Forensic Accounting & Investigations
  • Government Investigations

CPA Advisory Services for Professional Services Firms

Tax, Audit, and Advisory Services for Professional Services Firms-services-tax-audit-advisory-graphic

Tax Planning and Entity Structure for Professional Firms

Professional services firms face tax and financial decisions tied to ownership structure, partner or shareholder compensation, business expenses, payroll tax, sales tax, and state and local filing requirements. PYA helps firms evaluate entity choice modeling, tax-efficient compensation structures, income tax nexus, sales and use tax exposure, R&D credits, energy credits, transaction planning, and IRS or state examination representation.

Audit, Assurance, and Fractional Accounting Support

Professional firms need reliable financial reporting, internal controls, and accounting support to manage growth, financing, compliance, and leadership decisions. PYA provides financial statement audits, employee benefit plan audits, SOC examinations, reviews and compilations, internal audit support, debt compliance monitoring, agreed-upon procedures, accounting standard implementation, monthly accounting, QuickBooks support, dashboards, and outsourced controller or CFO services.

M&A, Cybersecurity, Forensic Accounting, and Litigation Support

Professional services firms often need coordinated advisory support for transactions, technology risk, disputes, and operational decisions. PYA provides business valuation, financial and compliance due diligence, Quality of Earnings support, buy-side and sell-side transaction advisory, purchase price allocation, integration planning, cybersecurity assessments, IT compliance assessments, forensic accounting, contract dispute support, damages calculations, expert reports, and testimony.

The PYA Difference

Over our 40-year history, PYA has consistently delivered high-value advisory services to our national client base. Our team is deployed to develop custom plans using proven approaches and work plans.

Independence

Private ownership means we answer only to our clients, not to third-party investors, giving us the freedom to be thorough and thoughtful in our work. We judge our success by our clients’ success.

Relationships

We value long-term relationships and work hard to maintain them. Our commitment to client relationships and the communities we serve remains constant.

Responsiveness

PYA has a reputation among clients for responsiveness. PYA's goal is to respond to calls and emails within 24 hours when possible.

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Contact Our Professional Services Firms Team

Team Leader

Mike Shamblin Headshot Mike Shamblin

Managing Principal of Accounting & Advisory and Firm Chief Risk Officer

Subject Matter Experts

Jennifer Blackwood Headshot Jennifer Blackwood

Managing Principal of Tax

Nina Eiler Headshot Nina Eiler

Principal, General Counsel, and Director of Litigation Support

Patrick G. Lewis Headshot Patrick G. Lewis

Principal

Jessica Scouten Headshot Jessica Scouten

Principal and Director of Forensic Services

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