BDO Acquires TAXPE

Chicago-based BDO USA LLP (FY18 net revenue of $1.46 billion) has acquired TAXPE LLC, a firm focused on improving income tax reporting processes for large corporate tax departments.

Scott Hice, CEO of TAXPE, joined BDO as a partner and national leader of BDO’s tax transformation services practice. The acquisition was effective April 1.

“Updating processes and advancing the use of technologies within a company’s tax function is becoming increasingly complex. Both changing tax laws and changing technologies have a direct day-to-day impact on the efficiency and effectiveness of the company workforce,” Hice says. “Our team now has the administrative backing of a global accounting firm; gaining access to BDO’s resources to better reinforce, broaden and execute our core competencies for our clients through BDO’s comprehensive, end-to-end tax services.”

The legacy TAXPE team has worked with more than 300 companies on tax performance engineering projects, all of which involved tax provision and compliance software improvements.

With the acquisition comes TAXPE’s expertise surrounding the offerings of the major third-party software vendors – Corptax, Longview, Oracle and Thomson Reuters ONESOURCE – along with TAXPE TAXPOWER workpapers, which can be integrated with general ledger systems and third-party tax software systems.

“As long as changes in policy, regulation and technology continue, tax transformation strategies will be necessary for companies looking to stay ahead,” said. “By adding Scott and his experienced team, BDO will be able to leverage TAXPE’s 20-plus years of process design and tax technology experience to deepen our analysis of operational efficiencies and development of tailored technology solutions, including automation and analytics,” says Barbara Torzewski, BDO’s tax transformation services managing director. “No two businesses will have the same tax transformation journey, and with TAXPE’s capabilities, companies can have even more specialized solutions that move the needle for their organizations.”

More news on BDO USA LLP