Professional Practices

The Professional Practices Services Group stays abreast of industry trends. In addition to the people pictured above, TBC has many other associates who work in this industry which makes up a large portion of the Firm’s commercial clientele.

Appropriate choice of ownership structure, tax planning, succession and estate planning are pressing issues for professional service firms. Whether you are attorneys, architects, engineers, or insurance agents, the financial challenges of the Professional Service firm requires specific experience and business understanding. Teal, Becker & Chiaramonte, CPAs, P.C. has a long history of helping Professional Service firms successfully meet the challenges you face.

The Professional Practices Group meets monthly to discuss emerging and topical issues affecting clients in the professional practice industry such as:

  • Current accounting pronouncements in the industry
  • Entity structures
  • Federal and State income tax issues
  • Compensation models
  • Business valuations