Just as clients rely on you for your knowledge of the design and building process, you can depend on Schwartz & Hofflich for our understanding of the accounting and financial needs of professional design firms. Besides preparing timely, understandable financial statements, you will also receive management advice that is clear, insightful and on point.

Working closely with you, our professionals will assess your tax situation and recommend tax minimization strategies that best suit your unique needs and reduce your tax liability.

As business advisors, we will consult with you throughout the year on areas critical to the growth and profitability of your practice and its future success. Our industry experts will also help you develop, calculate, understand and utilize the following concepts unique to your business:

·         Percentage completion methodology

·         Work in process

·         Billing multiple

·         Direct personnel expenses

·         Overhead rate

·         Direct salaries and utilization rate

·         Project profitability

·         Profit as a function of net fee income

·         Profit per direct labor hour

·         Cash flow

·         Leverage

·         R&D credits

·         Succession planning

·         Overhead rate calculations in accordance with Federal Acquisition Regulations

·         Software selection

While many accountants can prepare tax returns and financial statements, only a select few have the specialized expertise and knowledge required to truly advise professional design firms. With over 60 years of experience, Schwartz & Hofflich, LLP become the professionals of choice.

To initiate discussions, contact Gil Watkins at (203) 847-4068, Ext. 106, email address gwatkins@shcpa.com or Barry Newman at (203) 847-4068, Ext. 107, email address bnewman@shcpa.com.