Accounting for professional services firms

As one of Queensland's most trusted financial services firms, we have provided advice to professional services firms including law firms, architecture firms, IT providers and more for the past 30 years. This vast experience means we have a wealth of knowledge to share with you.

We work with professional services clients across a variety of sectors including:

  • Law firms
  • Marketing agencies
  • Engineering
  • Architecture

Tax and accounting for professional services firms

We provide consulting services to ensure your professional services firm operates at its maximum potential. Our reliable team can act as your business partner to identify efficiencies in operation, implement process improvement ideas and best practice solutions, and manage ongoing compliance issues.

Some areas where we can assist:

  • Taxation and accounting
  • Business performance and benchmarking
  • Budgeting and forecasting
  • Financial management and reporting
  • Business management and partnering
  • Operational efficiency and best practice implementation
  • Compliance – ATO and ASIC
  • Succession planning and exit strategy

Bookkeeping and Payroll

Our professional bookkeeping and payroll team has a wealth of specialised experience from many years of providing accounting for professional services firms. We can take care of all your bookkeeping and payroll needs, as well as providing ongoing analysis and access to live reports on the performance of your business.

Engaging our bookkeeping service delivers efficiencies and cost savings for your business. You also benefit from access to all of Walshs' divisions for fully integrated, seamless business management.

Our bookkeeping service includes:

  • Monthly bookkeeping
  • Preparation of monthly management accounts
  • GST reporting
  • BAS and IAS preparation
  • Data entry and processing
  • Reconciliations – bank, credit cards, loans and ATO accounts
  • Asset register maintenance
  • Training & ongoing support
  • Cloud-based accounting software (XERO, MYOB, etc.)
  • Software set-up, implementation & data migration

You can outsource your payroll needs to Walshs to ensure this task is managed efficiently, effectively and in full compliance with government regulations.

Our payroll service includes:

  • Payroll processing
  • Superannuation payments via ATO SuperStream
  • WorkCover registration and payments
  • Record of employee entitlements
  • Electronic payments, payslips and annual payment summaries
  • PAYG withholding reporting and lodgement
  • Year-end reconciliations and reporting
  • Payroll tax obligations

Questions about how we can help with accounting for professional services firms?

Book a complimentary meeting at a time that suits you.