Thomson Acquires Tax Partners, LLC

On Tuesday, The Thomson Corporation announced it has acquired Tax Partners®, LLC, the nation’s largest sales and use tax compliance service firm. Tax Partners will join the RIA Compliance business of Thomson Tax & Accounting, which provides industry leading software and information solutions and services to tax professionals in accounting firms and corporations. Terms of the acquisition were not disclosed.

“Adding Tax Partners to our offerings will provide Thomson Tax & Accounting with an important tax compliance service component, enabling us to offer an end-to-end solution to our clients,” said Brian Peccarelli, EVP Thomson Tax & Accounting Corporate Markets and general manager of RIA Compliance. "For the first time from one provider, tax professionals can choose from a full range of sales and use tax solutions, from automated tax determination and return processing to complete outsourcing of their sales and use compliance function."

Tax Partners uses proprietary technology and its engineered processes to provide clients with a safe, stable and cost effective state and local tax compliance solution. Hundreds of companies have trusted Tax Partners to handle their sales and use tax compliance because of its robust technology and proven process. In 2004, Tax Partners filed more than 540,000 tax returns and remitted $7.5 billion in taxes for its clients.

You may like these other stories...

The law makes it difficult for itemizers to deduct medical expenses. To reap any write-off, you must pay bills that aren't covered by insurance, reimbursed by employers or otherwise satisfied by, for example, a company-...
Drug patents held overseas can pare makers’ tax billsAs the Obama administration tries to stop companies from avoiding taxes by moving their headquarters overseas, the makers of some of the world’s most lucrative...
Starting in October, the IRS will send warning letters to tax return preparers who appear not to be complying with Earned Income Tax Credit (EITC) due diligence requirements.Section 6695(g) of the Internal Revenue Code...

Already a member? log in here.

Upcoming CPE Webinars

Oct 9In this jam-packed presentation Excel expert David Ringstrom, CPA will give you a crash-course in creating spreadsheet-based dashboards.
Oct 15This webinar presents the requirements of AU-C 600, Audits of Group Financial Statements (Including the Work of Component Auditors).
Oct 21Kristen Rampe will share how to speak and write more effectively by understanding your own and your audience’s communication style.
Oct 23Amber Setter will show the value of leadership assessments as tools for individual and organizational leadership development initiatives.