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Business and professional services

Experienced professionals focused on the unique challenges you face

Changing economies, new accounting policies and evolving tax regulations mean that business and professional services (BPS) firms face an ever-changing business landscape. With more than 90 years of industry expertise, RSM has helped thousands of BPS firms to achieve their business objectives. Our clients include firms in a variety of service industries, including law, engineering, consulting and advertising, to name just a few.

From partnership taxation and transaction support to capital management and forensic accounting, we provide assurance, tax and consulting solutions that address your unique challenges. Experienced in serving clients with a local, national or international presence, and a number of diverse organizational structures, our professionals can help develop meaningful solutions for your business.

Recent Insights

Business and professional services industry outlook

INSIGHT ARTICLE

Business and professional services industry outlook

From law firms to government contractors, what’s impacting business and professional services businesses amid a time of uncertainty?

IRS will audit more LLCs claiming self-employment tax exemption

TAX ALERT

IRS will audit more LLCs claiming self-employment tax exemption

IRS warns taxpayers claiming self-employment tax exemption under IRC section 1402(a)(13) to be mindful of adverse Tax Court precedent.

  • May 14, 2021
Germany moves forward with Anti-Tax Avoidance Rules

TAX ALERT

Germany moves forward with Anti-Tax Avoidance Rules

After 17 months of internal discussions, the German administration approved a draft bill to implement the EU Anti-Tax Avoidance Directives.

  • April 26, 2021
Germany extends 2019 tax deadlines due to Coronavirus

TAX ALERT

Germany extends 2019 tax deadlines due to Coronavirus

U.S. private equity and venture capital funds with German investors have an additional 6 months to file German partnership returns for 2019.

  • April 22, 2021
Conditions Ripe For Services Firms To Make Strategic Investments

INSIGHT ARTICLE

Conditions Ripe For Services Firms To Make Strategic Investments

Services firms should capitalize on low interest rates to access low-cost capital and make long-term strategic investments in technology

  • March 03, 2021
Conditions Ripe for Government Contractors to Invest Strategically

INSIGHT ARTICLE

Conditions Ripe for Government Contractors to Invest Strategically

Low interest rates provide government contractors opportunities to access low-cost capital and make long-term strategic investments.

  • February 25, 2021
Updated guidance from German Ministry of Finance on IP withholding

TAX ALERT

Updated guidance from German Ministry of Finance on IP withholding

The German Ministry of Finance has released new guidance clarifying withholding treatment of IP registered in Germany.

  • February 16, 2021
Re-engineered P3s

INSIGHT ARTICLE

Re-engineered P3s

Re-engineered P3s: Engineering companies are examining their opportunities to help create value for their clients.

  • February 10, 2021
LB&I to focus on proper reporting of tax purchase price allocations

TAX ALERT

LB&I to focus on proper reporting of tax purchase price allocations

LB&I’s compliance campaign focuses on taxpayer reporting of purchase price allocations in taxable asset acquisitions.

  • February 03, 2021
Deciphering the latest DFARS interim rule

INSIGHT ARTICLE

Deciphering the latest DFARS interim rule

The DoD has updated its DFARS rules from the existing clause to three new clauses to allow enforcement of CMMC for DoD contracts.

  • January 26, 2021
Professional services firms must embrace digital agility

INSIGHT ARTICLE

Professional services firms must embrace digital agility

In the current environment, firms need to address their digital strategy to remain competitive and deliver the value to their clients.

  • January 19, 2021