On Tuesday, The Thomson Corporation announced it has acquired Tax PartnersÂ®, 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.
âAdding 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,â 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.