You Provide Expertise. We Handle the Numbers.
You Focus on Clients. We’ll Handle the Financial Back-End.
Lawyers, consultants, architects, and other professionals rely on precision and trust. But when it comes to accounting, tax compliance, and cash flow, guesswork isn’t an option.
At World Tax & Accounting, we specialize in Professional Services Accounting and Tax Services, helping client-service businesses stay organized, compliant, and financially strategic.
We handle your books, payroll, and tax needs so you can serve your clients without distraction.
Who We Serve
We support professionals, practices, and agencies across industries, including:
- Law Firms & Solo Attorneys
- Architects & Engineers
- Business & Life Coaches
- Marketing & Creative Agencies
- Management Consultants
- Freelance Professionals
- PR & Communications Specialists
- Professional Organizers & Strategists
From solo practitioners to boutique firms, we tailor services to your business model.
What’s Included in Full-Cycle Accounting for Professional Services?
Our accounting systems give you clarity, efficiency, and confidence month after month.
- Project & Retainer-Based Income Tracking
- Client Billable Hours Reporting
- GAAP-Compliant Financial Statements
- Cloud-Based Bookkeeping & Dashboards
- Expense Categorization & Budget Monitoring
- Time-Tracking & Profitability Reports
- Retainer Revenue Recognition
- Monthly P&L and Cash Flow Statements
No guesswork. Just clean numbers you can rely on.
Fractional CFO Services for Professional Practices
Need next-level financial strategy? We deliver CFO-level insights without the six-figure overhead.
- Cash Flow Forecasting & Budgeting
- Practice Growth & Profit Planning
- Partner Distributions & Compensation Structuring
- Pricing Strategy & Service Line Analysis
- Strategic Planning for Expansion, M&A, or Succession
- Financial Health Reporting for Stakeholders
We translate your numbers into strategy and growth.
What Tax Services Do Professional Firms Need?
Service-based businesses face unique tax challenges. We help you avoid surprises and keep more of what you earn.
- Federal & State Tax Filings (LLC, S-Corp, Partnership)
- Estimated Tax Payments & Withholding Planning
- Tax Deductions for Home Office, Travel, and Tech
- Partner or Shareholder K-1 Preparation
- 1099 Contractor Management
- Business Entity Structuring for Tax Savings
- Multi-State Tax Compliance
- Audit Defense & Representation
We protect your time and your margins.
Behind on Taxes or Facing an IRS Notice?
If tax deadlines slipped while you focused on clients, we’ll help fix it.
Our Tax Resolution Services include:
- Past-Due Tax Filings
- IRS Notices & Penalty Removal
- Installment Agreements & Payment Plans
- Offer in Compromise Submissions
- Audit Support for Professionals
- Payroll & State Tax Clean-Up
We’ll help you regain control and protect your reputation.
Why Professionals in Livonia Trust World Tax & Accounting
Industry-Specific Experience
We know how professional practices operate and how to make your numbers work for you.
Forward-Focused Strategy
We offer guidance beyond compliance helping you plan, grow, and scale.
Everything in One Place
Accounting, tax, payroll, and CFO services under one roof.
Ready to Stop Stressing About Finances?
Whether you’re in court, designing blueprints, or leading client strategy we’ll keep your financials tight and your focus where it belongs.
Serving professionals across Livonia, Michigan & the U.S.
Call (734) 800-0064 or Schedule Your Free Consultation Today
FAQs – Professional Services Accounting and Tax Services
1. Do you work with solo attorneys and small law firms?
Yes, we support solo legal practitioners and multi-partner firms with billing, trust accounting, and tax prep.
2. Can you help us structure profit-sharing or partner draws?
Absolutely. We assist with compensation models, equity splits, and tax planning for partners.
3. Do you manage accounting for project-based service firms?
Yes, we track revenue and expenses by project, retainer, or client engagement.
4. What if our firm is behind on quarterly taxes?
We’ll review, catch you up, and work directly with the IRS or state to clean it up.
5. Can you help with employee and contractor payroll?
Yes, we manage payroll, 1099 filings, and tax compliance for your entire team.
6. What if we’re expanding to other states?
We handle multi-state filings, sales tax registration, and compliance for remote teams.
7. Do you offer guidance on becoming an S-Corp or LLC?
Yes, we evaluate your structure and recommend the most tax-efficient setup.
8. What accounting tools do you support?
QuickBooks, Xero, Gusto, Clio, Harvest, and more whichever tools fit your workflow.
9. Can you assist with client trust accounts (IOLTA)?
Yes, we understand trust account rules and ensure accurate reporting and compliance.
10. How do we get started?
Book a free consultation. We’ll review your business and tailor a solution that fits your goals.