Tailored Solutions for Professional Service Firms
Law firms, medical practices, engineering consultancies, and other professional service organizations face unique financial management requirements. Hungerford helps these firms optimize partner compensation structures, manage trust and escrow accounting, and implement billing systems that improve realization rates. We provide guidance on entity selection, buy-in and buy-out agreements, retirement planning for principals, and succession strategies that preserve firm value. Our advisors also assist with benchmarking key performance indicators against industry peers, identifying opportunities to improve profitability per partner, and ensuring compliance with industry-specific regulatory requirements.
West Michigan Professional Services CPAs + Tax Advisors
Whether your chosen profession is architecture, healthcare, engineering, design, real estate or the law, Hungerford has a range of services created specifically for the owners and managers of professional services firms like yours.
We have a long and deep history of serving businesses like yours. We take the time to get know you and your business to offer solutions that fit your unique situation — whether you need expertise to help minimize your tax burden, design a retirement plan, or handle your bookkeeping and tax returns.
Our Tax & Advisory Services Include
Business Assurance
- Financial statement audits, reviews and compilations
- Internal controls assessments
Business Advisory Services
- Business valuation
- Debt covenant analysis
- Loan proposal solicitations and reviews
- Stock transfer and change of ownership
- Transaction negotiations
- Turnaround assistance
Accounting & Consulting Services
- Outsourced accounting services
- Software evaluation and implementation
- General ledger accounting and analysis
- Preparation of financial statements and management reports
- Fraud detection services
Tax Services
- Business entity selection
- Federal tax – business and individual
- State and local tax
- Multi-state income tax
- Tax planning and preparation for closely held businesses
- Sales and use tax compliance and consulting
- Credit and incentive eligibility reviews
- Nexus reviews
- R&D tax credits
- International tax services
Business Planning
- Strategic business planning
- Budgets, forecasts, and projections
- Management transition and succession planning
- Compensation and incentive planning
- Financial planning
Connect With Our Team
Get in touch with our CPAs and business advisors today. We have five locations across to help serve you better. Visit our offices in Grand Rapids, Greenville, Holland, Muskegon, or St. Joseph.