Professional Services

As a service provider ourselves, we understand the many business decisions you face. Our customized solutions are designed to meet your needs now, while preparing your business for the future.
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Being a service provider ourselves means we truly understand the many business decisions you face.

Allow our knowledgeable and experienced team of professionals to handle your financial needs. Our services at BFBA are designed for customized and innovative solutions to meet your needs now while preparing your business for the future.

BFBA provides the following specialized accounting and consulting services for professional services firms:

  • Identifying the most advantageous form of professional practice, including;
    • Proprietorship, corporation, partnership, or limited liability company
  • Cash management strategies
  • Compensation planning, including retirement plans
  • Buy-sell agreements
  • Consulting to help you increase the value of your company
  • Succession planning
  • Sale of your business/mergers and acquisitions
  • Business valuations
  • Customized monthly, quarterly, or annual

Proposed Accounting Standards Update (ASU)

The Financial Accounting Standards Board (FASB) has issued a Proposed Accounting Standards Update (ASU) related to Accounting Standards Codification (ASC) Topic 842 Leases.  Specifically, the proposed ASU would address common…

Noli Snobar, Dec 11, 2022

2022-2023 Tax Planning Guide

Tax planning may be a real challenge this year. Minimizing taxes is never easy. But in times of legislative and economic uncertainty, it can be a real challenge. To take…

Chris Allen, Dec 9, 2022

BFBA earns a spot in the “Top 50 Construction Accounting Firms” for the 4th year in a row

BFBA is honored for the 4th consecutive year in a row to be recognized in the Construction Executive Magazine as one of the The Top 50 Construction Accounting Firms™! “For those of us…

Korie Weakley, Dec 1, 2022

2021-2022 Tax Planning Guide

After the tumultuous year that was 2020, “uncertainty” remains the watchword in 2021, especially when it comes to tax planning. The shift of political control in Washington and the evolving…

Chris Allen, Nov 9, 2021

Podcast: How to Structure And Execute A Transition To The Next Generation

Transitioning a company you have founded on blood, sweat, tears, and cash to the next generation is not easy. It requires a combination of clear planning, and bloody minded persistence…

Eric Anderton, Jun 3, 2021

BFBA earns a spot in the “Top 50 Construction Accounting Firms” for the 3rd year in a row

BFBA is honored for the 3rd consecutive year in a row to be recognized in the  Construction Executive Magazine as one of the The Top 50 Construction Accounting Firms™ and…

Jennifer Stephens, Aug 17, 2021

President Biden Details His Tax Proposals For Individuals

President Biden’s proposals for individual taxpayers were outlined in the April 28 address to Congress and in an 18-page fact sheet released by the White House. The American Families Plan…

BFBA, May 6, 2021

Employee Retention Credit 2.0

The Employee Retention Credit (ERC) was created as part of the CARES Act.  At that point, the credit could only be claimed if a paycheck protection program (PPP) loan was…

Greg Scott, Mar 25, 2021
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