Accounting & Tax Strategy for Professional Services Firms

Smart tax planning for law firms, architects, consultants, and other professional practices.

Revonary helps professional service firms minimize taxes and build stronger financial foundations. From partner structures and multi-state compliance to estate and trust coordination, we deliver year-round strategies that protect profits and support long-term growth.

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Specialized Accounting & Tax Services for Professional Service Firms

At Revonary, we work with professional services firms and their partners to simplify accounting, reduce tax liabilities, and plan strategically for growth. Whether you’re managing a multi-partner law firm, an architecture practice, or a growing consultancy, we understand the financial complexities that affect both the business and the people who lead it—and how to turn them into opportunities.

Tax Preparation & Planning

Bookkeeping & Practice Accounting

Estate & Trust Tax Planning

Advisory Services

Additional Services

Tax Preparation & Planning for Professional Service Firms

Entity Structuring & Partner Tax Optimization
Whether you operate as a partnership, PLLC, or S corporation, we evaluate ownership structures, profit allocations, and guaranteed payments to reduce self-employment taxes and improve after-tax income.

Maximizing Deductions for Service-Based Businesses
We ensure you capture every allowable deduction—from software, insurance, and continuing education to rent, marketing, and subcontractor costs. Even small adjustments can drive meaningful savings for high-income partners.

Multi-State & Local Tax Compliance
For firms with clients or offices in multiple states, we handle apportionment, filing requirements, and credits to prevent double taxation and reduce administrative headaches.

Tax Filing & Compliance
We prepare and file federal, state, and local returns for firms and partners, ensuring full compliance while incorporating every available tax-saving opportunity. Our process reduces audit risk and gives you peace of mind at filing time.

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Estate & Trust Tax Planning for Firm Owners

Coordinating Business and Personal Wealth
We align your firm’s ownership structure with your personal estate plan, ensuring buyouts, succession events, and ownership transfers are handled tax-efficiently and without disruption.

Trust & Gifting Strategies
Our team helps you design trusts and gifting plans that preserve wealth and reduce estate tax liability. We advise on valuation, timing, and structure to make transitions smooth and compliant.

Planning for Future Liquidity Events
If you plan to sell or transition your firm, we help you anticipate and plan for the tax impact. Our goal is to ensure liquidity events benefit both your business and your legacy.

Accounting & Advisory Services for Professional Services Firms

Outsourced Accounting & Bookkeeping
We deliver clean, GAAP-compliant books that capture project-level profitability, partner draws, and firm overhead—giving you confidence that your financial data is ready for strategic tax planning.

Financial Reporting & Cash Flow Management
Our team produces clear, timely financial reports to help you monitor performance, manage partner distributions, and plan for seasonal cash flow needs.

Partner Compensation & Profitability Analysis
We help firms structure partner payouts, bonuses, and equity allocations to balance fairness, incentive, and tax efficiency.

Business Advisory & Growth Planning
From expansion and succession to technology adoption and cost management, we advise firm leaders on strategies that strengthen financial health and support long-term growth.

 

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Who We Work With

We partner with professional services firms of all sizes, from boutique partnerships to established regional practices. Our clients include:

Law Firms

Architecture & Engineering Firms

Consulting Firms

Marketing Agencies

IT Firms

And More

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Insights for Professional Service Firms

At Revonary, we don’t just manage your books—we help you make smarter financial decisions. Our blog features timely insights on tax strategies, practice management, succession planning, and more, all written with the unique needs of professional service firm operators in mind. 

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“Revonary” is the brand name under which Revonary Accountants & Advisors, LLC and Grossbach Zaino & Associates, PC provide professional services. Revonary Accountants & Advisors, LLC and Grossbach Zaino & Associates, PC practice as an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable law, regulations and professional standards. Grossbach Zaino & Associates, PC is a licensed independent CPA firm that provides attest services to its clients, and Revonary Accountants & Advisors, LLC provide tax and business consulting services to their clients. Revonary Accountants & Advisors, LLC is not a licensed CPA firm. The entities falling under the Revonary brand are independently owned and are not liable for the services provided by any other entity providing services under the Revonary brand. Our use of the terms “our firm” and “we” and “us” and terms of similar import, denote the alternative practice structure conducted by Revonary Accountants & Advisors, LLC and Grossbach Zaino & Associates, PC.