Industries

Professional Services

As a CPA and advisory firm, we understand the professional services industry from both a service and business operations perspective. Service-based businesses face a unique blend of challenges, including addressing costing issues, developing methods for key employee retention and identifying fair methods for compensation. Recognizing these challenges, Vrakas helps professional service businesses plan for long-term growth and profitability, while maximizing benefits of owners and employees.

Clients include:

  • Architects
  • Advertising Agencies
  • Engineers
  • Insurance Organizations
  • Law Firms
  • Logistics Service Enterprises
  • Medical and Dental Practices
  • Real Estate Agencies
  • Landscape Companies

In addition to traditional accounting, auditing and tax services, our service industry specialists provide assistance in the following areas:

  • Strategic planning
  • Profitability analysis
  • Budgeting and forecasting
  • Operations review
  • Cash flow management
  • Incentive-based compensation structuring
  • Key performance indicator (KPI) development
  • Pension and profit sharing guidance
  • Technology consulting and support
  • Bank financing assistance
  • Internal control review
  • Fraud/Forensic services
  • Merger and acquisition due diligence
  • Business succession planning

 

“Mike and the Vrakas team have worked hard to fully understand the uniqueness and dynamics of the business at the Pettit National Ice Center. This has been exceptionally helpful in the efficient preparation of our annual audit, plus they have been able to offer insightful counsel on how we can improve financial management and related systems, as the Center has expanded its offerings to the community and sustained its partnership with the United States Olympic Committee.” Randy Dean
Executive Director, Pettit National Ice Center - U.S. Olympic Training Site
Seventeen years ago Linda and I were introduced to Vrakas as we went about searching for a business to buy. From the first meeting, we knew that this was the firm we wanted to put our trust in for our accounting and tax needs. Seventeen year later they continue to earn and deserve that trust with their professionalism and service.Mike Katz
Molded Dimensions, President