Professional Services
Industry Intelligence

Insights, updates and advice for those working in legal, recruitment, consultancy and property advisory firms

With one of the largest teams in the UK dedicated to working with professional services firms, our Audit, Tax and Advisory experts specialise in advising Legal, Recruitment, Property Advisory and Consultancy businesses.

We recognise industry leaders are having to find ways to maintain value whilst facing significant challenges to their operating, financial and commercials models - a war for talent, disruptive competitors, cyber threats and risk around investing in new technologies to name a few. This is in addition to evolving business models and blending the best old and new working practices post-pandemic to become sustainable businesses of the future. These challenges present both opportunities and risk for businesses, and our partners will listen carefully to your specific needs, delivering appropriate solutions and giving you confidence to help you grow your business.

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Latest Updates

Basis period reform - Changing how business profits are taxed from 2023/24


What are the core reforms and what should you do next?

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People, property and the future of the office


Thinking on the use of the workplace is evolving. Greater flexible working means access to wider talent pools, but brings added cost of improving technology and concerns over training and maintaining culture. We discuss some of the complexities surrounding the decisions professional services leaders are being required to make.

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Renewed optimism in the recruitment market | Deals on the rise



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ESG and leading change in professional services


Join our discussions to explore how businesses can embark on long-term change and embed ESG into decision-making and behaviours.

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Global Risk Landscape 2021: Professional services in the spotlight


We explore how professional services firms have responded to the pandemic, accelerating digital transformation programmes and evolving working practices. We also discuss key risks keeping leaders awake at night in relation to innovation, people and technology.

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Changes to DAC6 obligations and replacement OECD rules


Following Brexit, the UK Government has drastically scaled back reporting of cross-border avoidance arrangements to the basic OECD standards for UK businesses.

What should your firm do now?

Professional Services Tax Webinars


Get expert analysis and advice on managing recent changes to International and UK tax.

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Time to review your CJRS Process


HMRC are cracking down on fraudulent or error-based claims. For assurance and to limit risk, your firm may want to consider whether the process used to make claims is accurate.

CRJS Risk Review Tool

A quiet Autumn Budget 2021, here’s what you need to know


The Budget did bring some additional details relating to basis period reform, including the expected impact to the exchequer and confirming the already announced implementation date in the 2023/24 tax year: a welcome deferral of a year.

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Taking a fresh look at R&D tax claims for professionals services firms


Have you considered how R&D relief could be applied to your business?

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SRA steps up supervisory action in the legal sector


The legal sector is under spotlight for economic crime, with the SRA publishing its largest fine to-date to a law firm in early 2022. How can firms support the development and ongoing maintenance of a robust AML framework?

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Why is Private Equity drawn to the recruitment sector?


James Fieldhouse, M&A Director, explores why private equity is consistently drawn to recruitment companies, which some perceive to be intrinsically risky, given the business’s biggest asset, its people, leaves the building every evening.

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Have we reached the peak of soaring PII costs?


Rising PII costs has impacted all professional services firms from small to large. We interviewed Neville Miles, Partner from Lockton UK to find out more about why we’ve been in a hard insurance cycle and the future holds.

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IR35 Private Sector Reforms


The Government has reconfirmed recently that the new IR35 Private Sector Reform will go ahead as planned from 6 April 2021. Whatever implementation phase your firm is at, BDO has two market leading tools to help you prepare and manage the impact on your business.

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