Accounting Support for Professional Services Organizations

Running a professional service firm—whether it’s a law office, medical practice, real estate agency, consultancy, or another expertise-driven business—comes with its own unique set of financial demands. Unlike product-based businesses, your revenue is tied to time, contracts, and client relationships. Managing the day-to-day operations is already a full-time job—your accounting and tax strategy shouldn’t add extra stress.

That’s where we come in.

With over 40 years of experience supporting professionals across Woodstock and Southern Ontario, the accounting experts at MW&CO understand the ins and outs of service-based industries. Our expert team offers strategic, tailored solutions that help you boost profitability, reduce tax liabilities, and simplify your financial management—so you can focus on what you do best.

As a full-service, mid-sized accounting firm, we stay ahead of industry trends, regulatory changes, and evolving legislation to make sure your practice is always in the best possible position. At MW&CO, we’re more than accountants—we’re trusted partners in your success.

At MW&CO, we know that no two clients are the same. That’s why our dependable team of Chartered Professional Accountants is committed to delivering personalized, high-quality solutions that meet your unique needs. With a strong foundation of industry knowledge and credentials, we provide sophisticated accounting, business consulting, and tax strategies that help you stay ahead of ever-changing regulations and legislation.

We believe in building lasting relationships through trust and communication. We take the time to truly listen, ensuring you feel heard and understood before delivering creative, efficient strategies designed specifically for your goals.

Our team stays up to date with the latest industry regulations, legislation, and technology—using modern accounting software to bring you forward-thinking, reliable solutions. As your business grows and markets evolve, we’ll help you stay agile and prepared for whatever comes next.

We’re proud to support a wide range of professional service providers, including:

Legal Professionals

Whether you are a solo practitioner or manage a law firm, our experience and expertise ensure we have the know-how and credentials to develop tailored, high-quality accounting, tax planning, and business advisory solutions that meet your individual needs. We understand the sensitivity around your data, especially concerning clients, so we take security measures and data protection seriously. Trust is an essential component when choosing an accounting firm. You want to be confident that your financial well-being is in the hands of experts who have your best interests at heart.

Real Estate Agents and Brokerages

Real estate is a fast-paced and often unpredictable industry. Whether you’re a solo realtor or managing a busy brokerage, your accounting needs are unique, and we’re here to support you every step of the way. Our team of Chartered Professional Accountants offers tailored accounting, tax, and business advisory services specifically designed for real estate professionals. From managing commissions and expenses to optimizing tax strategies and navigating regulatory requirements, we help you stay organized, compliant, and focused on closing deals.

Medical and Healthcare Providers

Doctors, dentists, chiropractors, and other health professionals face a unique host of challenges, including managing cash flow cycles, navigating evolving regulatory compliance, and maintaining accurate and timely financial reporting. Our reliable team of experts can deliver comprehensive accounting, tax planning, and business solutions to best meet the needs of you and your practice.

Veterinarians

For many veterinarians, managing the care of the animals they see while growing their practices can be challenging. MW&CO has the industry knowledge and experience to ensure we understand the trends, challenges, and solutions impacting your business.

 

At MW&CO, we are more than number crunchers. We are a valuable business partner, delivering precise, high-quality strategies tailored to meet the needs of your professional practice. Our capable team delivers creative and high-value accounting, business assurance, and taxation solutions to ensure your business achieves its best results. We can help you with:

Audit and Assurance Services

Accurate financial documents are essential to the success of your practice. We will review your annual or interim financial statements in detail before advising on potential opportunities for your business, including tax planning, financing, government incentives, sales taxes, and long-term goals.

Our financial statement reporting can be simple or complex, depending on your business’ requirements. We provide:

• Audit engagements
• Review engagements
• Compilation engagements

Tax Planning

Tax planning for professional service providers can be complex and confusing when trying to meet deadlines and navigate complicated tax legislation. By ensuring we are up to date with changing tax laws and regulations, we can consider how you and your business could be impacted and plan ahead, developing innovative solutions to help you achieve your best result. We offer:

• Corporate and personal tax return preparation
• Income splitting and tax deferral strategies
• GST/HST compliance and filing

Business Advisory

Our trusted team of business experts can help you build a unique strategy so that your organization is built on a solid foundation. We offer strategic business advisory services to support growth and sustainability:

• Corporate structuring
• Partnership agreements
• Practice expansion and financial scalability
• Mergers, acquisitions, and succession planning
• Estate Planning