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Professional services

Baker Tilly’s Professional Services Group is a multi-disciplinary team of partners and managers dedicated to servicing all types of professional service businesses. Our flair and sector expertise have helped us to achieve our position as one of the UK’s top providers of business services to the professions. We work with clients across the sector, including solicitors, architects, consultants, surveyors and patent attorneys.

Helping our clients with current sector issues

Like most businesses in the current economic climate, professional firms, both large and small, corporate or partnership, are facing numerous challenges. These include:

  • Complying with increased government regulation, both in the UK and internationally
  • Identifying and adopting the appropriate strategy in uncertain market conditions
  • Overcoming the constraints on working capital
  • Getting the most from your workforce in a highly competitive employment market
  • Mitigating the increased risk of fraud by employees
  • Coping with departures or retirements of key individuals from the business
  • Operating internationally in an effective and competitive manner, advising law firms from the US and other territories on applying successful growth and tax strategies within the UK market.
  • Minimising exposure to the 50% tax rate for higher earners
  • Responding to the changing nature of the buyer of services

Practical and relevant solutions to help your business succeed

Our position in the professional services marketplace enables us to not only influence technical and legislative developments for the good of our clients, but also to lead the way in identifying innovative and efficient solutions to their problems. What we can do:

  • Advising on changing regulations for professional firms, in particular the Legal Services Act and the risks and opportunities that arise from it
  • Raising external debt or equity funding
  • Assisting with mergers, acquisitions, disposals or public offers
  • Advising on the most suitable business structure, whether corporate, LLP or hybrid
  • Reviewing working capital management policies to ensure the optimum use of cash resources
  • Creating effective remuneration strategies to reward and incentivise key staff and owners
  • Reviewing internal controls procedures and business processes to maximise efficiency and to deter fraud
  • Advising on succession planning issues to ensure a smooth transition or exit
  • Advising on the financial implications of operating in multiple jurisdictions with varying tax and regulatory landscapes
  • Providing effective personal tax planning for partners, directors and employees
  • Advising on the adoption of fee-charging models and arrangements to assist with client care

Industry expertise with international reach

Our Professional Services Group provides a complete range of specialist services to the professions in the UK and internationally. We assist our clients with specialist advisory services in addition to routine compliance services.