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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 80 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

INSIGHT ARTICLE

How are you accounting for cloud implementation costs incurred?

Professional services firms could be overlooking financial reporting standards that affect software and cloud-based platforms costs.

  • Chris Murphy
  • |
  • July 25, 2019

INSIGHT ARTICLE

Cash balances plans may boost benefits for small business owners

Small business owners may be able to increase tax-beneficial retirement contributions with the use of a cash balance plan.

  • Joni Andrioff
  • |
  • July 17, 2019

VIDEO

Professional services businesses, performance obligations and ASC 606

Professional services firms, as part of implementing the new revenue recognition standard, should weigh performance obligations criteria.

  • Jodi Brown
  • |
  • July 12, 2019

INSIGHT ARTICLE

Automation's impact on margin and efficiency in professional services

Professional services automation streamlines processes and efficiencies, and can improve margins and reporting.

  • Kyle Pochini
  • |
  • May 08, 2019

WHITE PAPER

Helping you understand which security framework is best for your firm

This report provides insight for law firms when selecting a security framework, with detailed data and comparisons to make the right choice.

  • March 15, 2019
Rev. Proc. 2019-10: Automatic method changes for insurance companies

TAX ALERT

Rev. Proc. 2019-10: Automatic method changes for insurance companies

Insurance companies seeking to make a change to the basis of computing certain reserves receive new automatic accounting method change.

  • Peter Pentland, Darian Harnish
  • |
  • December 17, 2018

How can we help you?

To discuss how our team can help your business, contact us by phone 800.274.3978 or



Contact

Dan Whelan
National Practice Leader
410.246.9124



Upcoming events

RECORDED WEBCAST

Revenue recognition webcast

Join RSM as we share insights on how the new revenue recognition standard (ASC 606) affects the business and professional services industry.

  • Chris Murphy
  • |
  • May 22, 2018