SUPPORTING SERVICE-BASED GROWTH

Professional Services Accounting, Tax & CFO Support

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WHO WE SERVE

Professional Service Firms We Support

We work with a wide range of professional service businesses, including:

Partners

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Let’s Strengthen the Financial Side of Your Firm

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Financial Confidence For Professional Service Firms

FAQ

Frequently Asked Questions

Professional services accounting helps service-based firms manage tax planning, financial reporting, profitability, partner compensation, and long-term growth strategies.

A professional services CPA understands the financial needs of firms that generate revenue through expertise, billable time, retainers, and client relationships.

Consulting firms, agencies, law firms, design firms, healthcare practices, and many other service businesses benefit from accounting for professional services.

Yes. Greenwood Ohlund provides CFO support to help firms improve margins, forecasting, hiring decisions, and growth planning.

Yes. We assist firms with ownership structures, reporting clarity, succession planning, and strategic decision-making.

RECENT NEWS

Latest Updates and Insights from Greenwood Ohlund

Five Steps Businesses Should Consider During a Recession

Economic uncertainty tends to force businesses into a more disciplined way of operating. During periods of recession or slowdown, strong organizations do not simply react to pressure as it comes. They take a step back, assess risk clearly, and make deliberate decisions that protect liquidity, preserve flexibility, and position the business to emerge stronger on the other side. At Greenwood

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Scam Alert: Fake IRS “CP53E” Notices – Look Before you Scan

Fraudsters are mailing counterfeit IRS CP53E notices with a QR code that asks the recipient to “verify” banking or identity information. The QR code leads to a phishing site built to steal personal and financial data. Note: The IRS does include QR codes on some legitimate notices, so a QR code alone is not proof of a scam. Always verify

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A New Tax Playbook: Washington’s Millionaires Tax and the Athlete Effect 

Washington State is on the verge of a major tax shift. Beginning in 2028, a new “millionaires tax” will apply to the state’s highest earners—marking a significant change for a state long known for having no income tax.  But one of the clearest ways to understand how this tax works isn’t through traditional taxpayers—it’s through professional athletes.  Because athletes deal with taxes across multiple states every season,

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