Accelerate Business Evolution
Every day, professional services companies rise and fall based on their ability to meet new challenges and advance beyond the status quo.
New business models, digital disruption and workforce strategies like remote and hybrid work offer significant opportunity for adaptive growth and organizational change. They also create new client needs that must be addressed with urgency.
Meeting these opportunities means exploring new technologies and embracing fresh ideas — from rethinking the right organizational structure to optimizing tax savings and reimagining physical footprints. Organizations’ paths to success may involve entry into new markets, private equity investment, consolidation or succession planning to prepare for the next generation of leaders. Whatever the path, our trusted advisors can help firms manage risk, capture opportunity and evolve their business.
BDO supports professional services organizations with specialized knowledge and custom-tailored offerings across industry sectors — legal, consulting, architecture, engineering, marketing, public relations, advertising and more. Our professionals bring powerful insights and creative strategies to help businesses focus on what matters most: looking after clients’ needs.
How BDO Can Help
Who We Serve
We provide audit, tax and advisory services to businesses across the professional services industry, including:
Architecture Firms
Consulting Firms
Engineering Firms
Marketing/Advertising Agencies
Law Firms
Professional Services Insights
Explore our most recent resources and thought leadership.
Optimizing Professional Services Real Estate Portfolios for Evolving Needs
January 26, 2023Optimizing Professional Services Real Estate Portfolios for Evolving Needs
January 26, 2023After a period of rapid change during the pandemic, evidence suggests hybrid work is here to stay. As professional services firms adjust to shifting workplace norms — reevaluating their real-estate portfolios and workforce policies — one overarching priority has emerged: flexibility.
Maryland Court Strikes Down Digital Ad Tax
October 25, 2022Maryland Court Strikes Down Digital Ad Tax
October 25, 2022A Maryland circuit court granted summary judgment against the state of Maryland, ruling that the state’s Digital Advertising Gross Revenues Tax (Digital Ad Tax) is unconstitutional and violates the Internet Tax Freedom Act (ITFA), effectively striking down the tax.
Today’s Professional Services Industry Prioritizes its Professionals
June 12, 2022Today’s Professional Services Industry Prioritizes its Professionals
June 12, 2022In 2022, companies are still facing COVID-19 concerns, and the reality is that professional services firms face new and continued challenges that include navigating the tax implications of various work arrangements and attracting and retaining talent amid shifting labor trends.
How Professional Services Organizations Can Protect Themselves Against Rising Cyber Risk
March 17, 2022How Professional Services Organizations Can Protect Themselves Against Rising Cyber Risk
March 17, 2022To defend against increasingly sophisticated cyber threats, professional services companies can adhere to best practices for cybersecurity and data protection.
Professional Services Companies Capitalize on M&A Opportunities
February 17, 2022Professional Services Companies Capitalize on M&A Opportunities
February 17, 2022Though professional services encompasses a spectrum of subsectors — including engineering, consulting, IT services and more — this piece examines the drivers — and impacts — of increased M&A activity and the unique factors that make advertising, architecture and legal firms such attractive targets.
BDO Capital Business Services Q2 2021 M&A Market Update
June 15, 2021BDO Capital Business Services Q2 2021 M&A Market Update
June 15, 2021Following a robust quarter of dealmaking in Q4 2020, M&A activity went into overdrive in Q1 2021. Overarching market themes, including access to low cost of capital, a projected macroeconomic recovery and companies’ migration to business digitization served as catalysts for Q1 2021 transaction volume, bolstering the Business Services sector.
Early Priorities for The Biden Administration: Areas to Watch
May 18, 2021Early Priorities for The Biden Administration: Areas to Watch
May 18, 2021While there are dozens of policies that will unfold over the next four years, there are several key areas for leaders to watch in the short term and consider for future opportunities and challenges that arise.
2021 Middle Market Digital Transformation Survey
May 17, 20212021 Middle Market Digital Transformation Survey
May 17, 2021Our recent survey of 500 C-suite executives provides insight into their digital transformation plans, maturity, threats and opportunities.
BDO Capital Business Services Q1 2021 M&A Market Update
May 12, 2021BDO Capital Business Services Q1 2021 M&A Market Update
May 12, 2021Following strong transaction volume in 2019, M&A activity returned to healthy levels in the second half of 2020 despite COVID-19 headwinds.
What's Next for Work
January 24, 2021What's Next for Work
January 24, 2021Don’t wait for what’s next to become what’s now. Reimagine what the future of work could look like for your organization and start plotting the path to get there.
Why ESOPs Are Becoming More Popular Among Architecture and Engineering Firms
November 16, 2020Why ESOPs Are Becoming More Popular Among Architecture and Engineering Firms
November 16, 2020Every year, the National Center for Employee Ownership (NCEO) publishes a list of the nation’s 100 largest employee-owned companies. In 2020, architecture and engineering (A&E) firms accounted for 17 of these companies making the industry one of the most prominent on the list. Over 80% of those A&E firms utilize an Employee Stock Ownership Plan (ESOP) to achieve broad employee ownership, as opposed to other employee ownership options, such as worker cooperatives.
Executive Summary of Federal Relief Available to Businesses of All Sizes
May 26, 2020Executive Summary of Federal Relief Available to Businesses of All Sizes
May 26, 2020The federal government has passed several stimulus packages to mitigate the deep impact of the coronavirus on U.S. businesses and the economy.
COVID-19 FAQ: Professional Services
May 17, 2020COVID-19 FAQ: Professional Services
May 17, 2020Here are some of the most frequently asked questions and resources to help professional services companies in their immediate response and planning.
Exhausted Your CARES Act Paycheck Protection Program Options? Main Street Lending Can Provide Additional Liquidity
April 26, 2020Exhausted Your CARES Act Paycheck Protection Program Options? Main Street Lending Can Provide Additional Liquidity
April 26, 2020One of the most highly publicized relief options in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that small businesses and sole proprietors have benefitted from is the Paycheck Protection Program (PPP).
A Return to Work in the New Normal
April 20, 2020A Return to Work in the New Normal
April 20, 2020How companies should plan to return to work and emerge from COVID-19 stronger and smarter.
Determining Your Infectious Disease Risk during COVID-19 Outbreak
March 12, 2020Determining Your Infectious Disease Risk during COVID-19 Outbreak
March 12, 2020A Checklist for Organizational Leaders.
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Meet Our Professional Services Industry Leader
Robert Littman
Partner; Professional Services National Leader
Together, we thrive.
Everything we do is rooted in our core purpose to help people thrive every day. It’s not only the right business thing to do; it’s the right human thing to do. This starts by putting our people at the center of our work and extends to how we treat and value our people, our clients and our communities. With a dedication to quality and a purpose-driven culture, BDO offers a powerful choice both for clients and those seeking rewarding professional careers.