Ryan acquires Australian R&D tax credits firm TCF Services

RYAN, a global tax services and software provider, has acquired TCF Services (TCF), a research and development (R&D) tax incentive and government grants consulting firm in Australia.

The acquisition expands Ryan’s international market position and service offering in Australia for companies engaged in R&D activities and adds significant relationships to Ryan’s client portfolio, who will benefit from Ryan’s comprehensive suite of global tax solutions.

With offices located in Sydney and Melbourne, TCF offers a suite of services focused on the delivery of benefits under the R&D Tax Incentive and other state and federal government grant programs. This strategic transaction adds a team of highly qualified tax professionals to Ryan’s Asia-Pacific team.

“TCF’s unique, market-leading R&D tax credits practice greatly benefits our clients doing business in Australia,” Jon C. Sweet, Ryan’s president of European and Asia-Pacific operations said.

“We share a common goal of maximising value for our clients and improving the efficiency and effectiveness of their tax function. The addition of the TCF team builds on Ryan’s plans to expand its R&D tax credit capabilities globally and further establishes the firm as the global leader in tax."

TCF managing director Gerry Frittmann said “The TCF team is excited to join Ryan and bring our R&D tax credit services to their portfolio of clients in Australia. Ryan’s exceptional reputation for client service and results is well known throughout the industry. Our team is also drawn to the dynamic culture Ryan offers and the ability to provide a more diverse offering of tax solutions to our clients. We are thrilled to join such a talented group of professionals.”

The acquisition of TCF follows Ryan’s recent acquisition of Sydney-based Australian firm Indirect Tax Solutions, an indirect tax services firm with deep specialisations in goods and services tax and fuels tax credits.

Mr Sweet said, combined, these two transactions greatly expanded the services offered to Ryan’s Australian clients and demonstrated Ryan’s commitment to investing in the Australian market.

About Ryan

Ryan, an award-winning global tax services and software provider, is the largest firm in the world dedicated exclusively to business taxes. The firm provides an integrated suite of international tax services on a multijurisdictional basis, including cost management, compliance, consulting, and technology services. Ryan is an eight-time recipient of the International Service Excellence Award from the Customer Service Institute of America (CSIA) for its commitment to world-class client service. Empowered by the myRyan work environment, which is widely recognised as the most innovative in the tax services industry, Ryan’s multidisciplinary team of more than 2,800 professionals and associates serves over 16,000 clients in more than 50 countries, including many of the world’s most prominent Global 5000 companies. www.ryan.com/asia-pacific.

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