Professional Service Companies

Utilising our expertise in business strategy, audit, accounting, and tax advice to solve industry challenges facing professional service companies.

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Secure the financial health of your business

“Whether you need accounting services for your professional service company or business advice that helps solve specific sector-related challenges, our team of accountants and business advisors will help solve all your needs”

Nishit Shah

Unbeatable Accounting Services for Professional Service Companies

As a Professional Service business owner, you are likely focused on providing a quality service for your customers. Owners of such businesses tend to focus on increasing their customer base while servicing their clients. However, it's equally important that your accounting and business functions are established and completed properly and on time. DSK has the expertise when it comes to handling the unique accounting needs of your Professional Service firms.

Types of Professional Service Businesses We Serve

Law Firms

The revenue generated by the UK’s legal industry was £37.1bn in 2019, despite facing a range of challenges such as an increase in mergers and acquisitions, the impact of ‘legaltech’ and rapid technological change and empowered clients. By working with specialist accountants from DSK, your firm can improve cash flow management, make sound business decisions, provide a high level of service and stay competitive.

Our full range of accounting services for law firms includes:

  • Preparation of periodic and annual accounts
  • GAAP-compliant financial statements
  • Personal tax position and VAT matters
  • Partnership and company tax returns
  • Strategic advice on creating tax-efficient structures
  • Bookkeeping that incorporates legal-specific needs
  • Budgeting and forecasting services to increase your law firm's profitability
  • Compliance with Solicitors Regulation Authority (SRA) Accounts Rules
  • Financial aspects of mergers and acquisitions
  • Payroll obligations for your chambers or domestic staff

Recruitment Agencies

Ahead of the pandemic, the turnover of the recruitment industry was £42.3 billion and while the figure is great, recruitment agencies saw their revenue being impacted due to changes in global business confidence.

Having worked with a large number of recruitment businesses, we have developed a strong knowledge of the recruitment sector and can offer advice on profitability, structuring your recruitment business, tax planning and optimising cash flow.

Our range of accounting services for recruitment agencies includes:

  • Annual year-end accountancy services
  • Tax returns and intermediary reporting
  • Tax planning for high profit-making recruitment businesses
  • Payroll services
  • Management accounts & cash flow forecasts
  • Bookkeeping & setting up cloud accounting systems
  • Invoice processing, payroll, and management reporting
  • Auditing recruitment agencies and advisory services
  • Advice on staff incentive schemes
  • Succession planning
  • Mergers and acquisitions
  • Strategic business development advice

Financial Services Firms

This sector contributed £132 billion to the economy in 2018 and is the backbone of the UK economy. But establishing a strong presence requires adapting to changing regulations, meeting your obligations and keeping error-free records. At DSK we are familiar with the unique accounting and tax issues that organisations in your industry face and can help you by overseeing the financial aspects of your company.

Our range of accounting services for financial service firms include:

  • Tax compliance of Corporations, LLPs, and other Business Structures
  • Recommendations on Tax-efficient structures
  • Periodic and Annual Accounts
  • Compliance with GAAP
  • Bookkeeping tailored to your financial firm
  • Auditing services (including Client Asset Sourcebook assurance work for the FCA)
  • Budgeting and forecasting to improve cash flow management
  • Trends and variations in financial reports
  • Effects of transactions on your financial health

Take the First Step

To speak to a partner or for more information about the services we offer please contact one of the DSK offices or complete our contact form below.

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