Professional Services

Businesses within the professional services industry are the backbone of all other companies throughout the country. Professional services span a wide range of sectors such as engineers, medical professionals, and lawyers. What they have in common is the business journey from conception to sale or succession, and everything in between!

With 6 directors and over 70 employees at Douglas Home & Co, the team has a wide and varied experience across many professional services. This allows them to provide proactive, forward-thinking guidance that is tailored to your business, as we know that every sector has unique challenges.

Our trusted advisors can help businesses with everyday accountancy and tax services such as payroll, bookkeeping, and annual accounts, through to specialist services such as business development, diversification, succession planning, mergers, acquisitions, and specialist tax planning.

Professional Services Key Services

Business Restructuring

Business restructuring can take many different forms. Our specialists can work by your side throughout the process, planning any tax implications to ensure the best result for your business.

Business Restructuring

Tax Planning

Our experienced tax planning team can provide pro-active advice, considering your financial position in the round to ensure all tax implications are considered. Forward thinking is key to ensure your planning is as tax efficient as possible.

Tax Planning

Succession Planning

By creating a succession plan, you can ensure you have considered all the financial and legal implications, choosing the right successor for the business.

Succession Planning

Professional Services Accountancy FAQs

What’s the best way to go about a business restructure?

Business restructuring can take many forms, and different structures have varying tax, accountancy and liability implications. So, it’s always important to consider the various options available to your business in the context of your particular circumstances. Our business restructuring experts will get under the skin of your business, helping you to identify the best options for your situation.

For example, we helped Edinburgh’s Michael Laird Architects through a major business restructure following a change in Directors. By gaining a deep understanding of their business we were able to identify a straightforward plan that was fair for all those involved. You can read more about it in our case study.

What are the key taxes I should know about when tax planning?

The right way to go about tax planning will, of course, always depend on your particular business situation. However, from Research and Development tax credits to Capital Allowances, there are a number of key opportunities for tax savings that many professional services businesses miss out on. Our expert team can examine your tax position in the round, ensuring that no chances to minimise your tax liability are missed.

When do I need to start thinking about succession planning?

Even if you’re still a long way away from looking to pass the business on, when it comes to succession planning, the earlier you start thinking about it the better. Our corporate succession experts can ensure that no stone is left unturned, considering all the financial and legal implications of your plan. We can guide you through the process, helping you to maximise your business value and ensure it is safeguarded for the future.

Speak to a Tax Expert

Professional Services Tax Advisors

Douglas Home & Co Directors

All six of the DHCO directors have extensive experience supporting a variety of businesses in the Professional Services sector.

The team have extensive knowledge to help your business excel from conception through to succession.

Contact Our Team

“In our 20 years of business, this is the first time that we are happy with our accountants. DH&Co provide a flexible service with very fast response times from all their team members.”

– Kevin Keenan

The Keenan Consultancy

Expert Advice

With over 30 years’ experience supporting professional services, our experts can provide support at every stage of your business journey, from creation to succession.

Accountancy Insights

Accountancy Case Studies

Case Study – Millers of Speyside

Millers of Speyside, based in Grantown on Spey, have been processing and distributing quality beef and pork for over three decades. With over 50 members......
Case Study – MJS Joinery

MJS Joinery was set up in April 2022 by Marc Scott who was looking to go self-employed and start his own joinery business. Following a......