Professional Service Firms
Being a professional services firm WMS has a knowledge and understanding of the issues relevant to the industry.
We have advised a number of professional services clients including architects, town planners, engineers and solicitors on a variety of income tax, GST and structuring issues.
We have advised professional services firms on unique issues including:
Structuring considerations such as asset protection and income protection efficiency considerations;
The impact of any changes in the equity interests of an entity;
Considering the constant changes to the income tax and GST legislations that will impact the firm;
Strategic planning relevant to that specific firm; and
The commercial aspects of the firm, such as assisting with budgeting and monthly management meetings, to ensure that the practice is on track to meet its targets.
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