Thomson Tax & Accounting, part of the Thomson Corp., announced that it has finalized the acquisition of Illinois-based Deloitte Tax LLP Sales & Use Outsourcing business.
Financial terms of the deal were not disclosed.
TTA will combine Deloitte’s compliance business with its own Tax Partners Managed Services unit, which focuses on outsourcing solutions in a number of industries. TTA said that the deal will allow it to expand its positioning as a provider of end-to-end tax software and compliance services, and that it plans to retain all of the Deloitte unit employees.
In a statement, Deloitte Tax said that it currently serves the compliance needs of more than 100 corporate customers. Bob Chapman, Deloitte Tax’s national partner-in-charge of co-sourcing and outsourcing, characterized the merger as a great thing for our customers and the market.
Last summer, Deloitte Tax LLP announced that it would sell its Corptax software unit to MLM Information Services LLC. About 1,000 corporations and partnerships use the tax software.
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