Andersen Tax

Andersen Tax, founded in 2002 by 23 former public accounting firm partners, is one of the largest independent tax firms in the United States, providing a wide range of tax, valuation, financial advisory and related consulting services to individual and corporate clients across the country. As an independent advisory firm that is not affiliated with an auditing firm, WTAS is not restricted in its ability to provide a full range of tax advisory services to businesses. On September 2, 2014 WTAS changed its name to Andersen Tax. The firm has over 700 personnel located in 17 major U.S cities and has an international presence in Europe through WTAS Global.

History

In July 2002, in the wake of Arthur Andersen's demise, Andersen announced that HSBC USA, Inc., through a new subsidiary, Wealth and Tax Advisory Services USA Inc. (WTAS), would purchase a portion of Andersen's tax practice. The new HSBC Private Client Services Group would serve the wealth and tax advisory needs of high-net-worth individuals.^[1]

On December 31, 2007, HSBC USA Inc. sold Wealth & Tax Advisory Services USA Inc. (‘WTAS’) to participating WTAS managing directors in a management buy-out. In consideration for the sale, HSBC would receive US $5 million in cash and deferred notes with a principal amount totaling US $60.85 million.^[2]

Since the HSBC sale, WTAS has dropped “Wealth and Tax Advisory Services” and is now referred to as WTAS LLC.

On September 2, 2014 WTAS changed its name to Andersen Tax.

Recognition

WTAS was ranked among the Top 100 Tax Firms by Accounting Today since 2010.^[3][4][5][6]

Technical resources

WTAS managing directors publish key resources that are widely used by tax practitioners.

Tax Economics of Charitable Giving

Expert analysis and tax guidance from the resource trusted by professionals for over 40 years. Technically complete, yet written for the lay person as well as the expert advisor to donors, charitable organizations, and fundraisers, Tax Economics of Charitable Giving is full of the practical guidance needed to take advantage of both present and future tax-saving opportunities.^[7]

Income Taxation of Fiduciaries and Beneficiaries

Income Taxation of Fiduciaries and Beneficiaries provides step-by-step guidance on the taxation of fiduciary income. This comprehensive guide for practitioners advising fiduciaries and beneficiaries in federal and state income tax matters covers the broad range of complex issues from charitable remainder trusts to nexus rules and their effect.^[8]

Sovereign Wealth Funds – A Legal, Tax and Economic Perspective

In Sovereign Wealth Funds, noted international tax lawyer Leonard Schneidman, has assembled an array of essays authored by a global collection of subject area experts designed to explore three key aspects of SWFs: their regulation and governance, investment behavior and taxation.^[9]

Clients

WTAS is organized around the following three client groups:

Private client services

• Families with multi-generational wealth/family offices
• Closely held business interests
• High-net-worth individuals
• Families with international wealth
• Corporate executives and entrepreneurs
• Private foundations and charitable trusts

Commercial services

• Large, public companies
• Middle market public companies
• Privately held businesses
• Venture-backed companies

Alternative investment services

• Private equity groups and portfolio companies
• Hedge funds
• Real estate
• Venture capital

References

External links

• Official website