PROFESSIONAL SERVICE FIRMS
Professional service firms face unique challenges and opportunities - business owners need expert support to meet their ambitions and exceed customer expectations. Rosenswig McRae Rosso provides you with the piece of mind that comes from 35 years of service and expertise, utilizing the same business approach the we ourselves take to benefit your firm.
Many in this space face common questions - how to compensate staff properly, reward your best performers, clue in on key performance metrics and indicators to ensure you are hitting your goals to name a few. There’s no guess work, as we bring creative solutions to the table for solving your toughest problems.
From the lifecycle of a healthcare practice to the integrated law firm, we have helped hundreds of lawyers, architects, doctors, and engineers maximize opportunities and be sure that you will have great people and technologies working on your side.
Our key areas of expertise include:
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If you need help implementing and maintaining the day to day accounting systems that keep your firm on track we can help. We have extensive experience with the accounting software and systems that help lawyers, doctors and other service firms track results and deliver meaningful information. Our expertise includes:
Helping owners develop meaningful reporting systems for assessing firm profitability and managing cash flow
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Corporate tax rates are significantly more favorable than personal tax rates in Canada. Developing a corporate structure utilizing holding companies can allow you to keep more funds working for you and pushing off tax bills. Careful planning is required to ensure you optimize the benefits.
In some scenarios it might be appropriate to establish individual pension plans or structure appropriate insurance solutions. We provide independent advice designed for your personal needs.
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Many service firms require careful thinking in designing their compensation arrangements for senior staff. Balancing the desire for promoting individual achievement with a sense of team is more art than science. We can share our experience in helping to think through the right balance.
We can also carefully consider the tax consequences of alternative compensation arrangements and make sure that the tax side of the equation fits.
Primary Contact
Tony Rosso
CPA, CA, Managing Partner
tony@rmrcpa.ca
Primary Contact
Dustin Jainaraine
CPA, CA, Partner
dustin.jainaraine@rmrcpa.ca
“The relationship we have with our accounting firm Rosenswig McRae Rosso LLP is spectacular. Since 2004 when we moved our business to RMR, our business has grown using your advice. You have always been on top of our business and the direction we took it, while recommending appropriate planning actions that have paid off. You have always been on time and given us the personal attention required with starting anew, while helping to manage our growing business. We have never had to seek outside opinion, or advice due to the individual strengths of the partners and are glad that all our key business decisions have utilized your input. Congratulations on your success! Thank you, Tony Rosso and the entire team at Rosenswig McRae Rosso LLP.”
“My mid-sized company has benefitted immensely from Jeff McRae’s professional counsel and the backup capabilities of his firm Rosenswig McRae Rosso LLP. Over the past 12 years, RMR’s proactive and collaborative approach, working with my senior management and me, has supported improvements in the company’s significant growth and profitability. RMR has also worked with my wife and me to help increase our personal net worth substantially in several tax savvy ways. RMR has been strategic and smart, always quick to provide helpful, useful advice. I have profited from his talents in setting up an estate freeze, a family trust, a tax-saving capital reorganization of my company, and as the lead negotiator for my interests in the sale of a company. I am fortunate and lucky to have Jeff McRae and Rosenswig McRae Rosso LLP in my corner.”