Andersen Tax LLC is a tax firm headquartered in San Francisco, California, United States. It provides tax, valuation, financial advisory and consulting services to individuals and corporate clients. It has offices in Chicago, Baltimore, Boston, Dallas, Florham Park, Greenwich, Harrisburg, Houston, Long Island, Los Angeles, New York City, Orange County, Philadelphia, Pittsburgh, San Francisco, Seattle, Silicon Valley, Washington, D.C., West Palm Beach, Woodland Hills as well as South Africa.
 | |
| Formerly | Wealth and Tax Advisory Services (2002-2014) |
|---|---|
| Company type | Limited Liability Company |
| Industry | Professional Services |
| Founded | 2002 |
| Headquarters | San Francisco, CA |
Number of locations | 19 U.S. Offices |
Key people | Mark Vorsatz, CEO |
| Services | Tax Consulting Valuation Financial Advisory Wealth Management |
Number of employees | 1900 |
| Subsidiaries | Andersen Global |
| Website | andersen |
With the establishment of Andersen Global in 2013 the firm has since added locations in Europe, Latin America, Africa[1] and the Middle East.
History
editAndersen Tax was established as Wealth and Tax Advisory Services in July 2002. In the wake of Arthur Andersen's demise, several former partners of Arthur Andersen formed Wealth and Tax Advisory Services USA Inc. (WTAS), a subsidiary of HSBC USA, Inc, to handle a portion of Arthur Andersen's tax practice.[citation needed] The new HSBC Private Client Services Group would serve the wealth and tax advisory needs of high-net-worth individuals.
On December 31, 2007, HSBC USA Inc. sold Wealth & Tax Advisory Services USA Inc. (‘WTAS’) to participating WTAS managing directors in a management buyout (MBO) resulting in WTAS LLC. 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]
In July 2013, WTAS LLC established WTAS Global as an international association of independent professional services firms.[3]
By November, WTAS Global had acquired the Paris-based law firm STC Partners.[4]
On September 2, 2014, WTAS LLC changed its name to Andersen Tax LLC and WTAS Global changed its name to Andersen Global.[5]
In June 2015 Andersen Global launched in Latin America with the addition of Mexican firms, NOVINT, Capin, Ibañez & Asociados and Montes, Hernández, López y Del Castillo.[6] Mexico was followed shortly by an office in Guatemala through the addition of Trust Consulting in Guatemala City.[7]
By the end of 2015 Andersen Global had added a new presence in Spain and Brazil. Andersen Global now has 45 international locations with over 1,200 professionals worldwide.[8][9] Through fall of 2016, they added services in Guatemala[10] and collaborations with mgpartners, a leading tax firm in Ireland[11]
By the end of 2016, Andersen Global had a presence in 51 locations worldwide.
On March 1, 2017, Andersen Tax & Legal made its debut in Spain as the firm, formerly named Global Abogados, is the first in Europe to adopt the Andersen name.[12] Since, Andersen Global has added member firms in Italy,[13] Portugal,[14] and Germany [15] all adopting the name Andersen Tax & Legal.
Through 2017, Andersen Tax debuts in Poland, Luxembourg, Switzerland, Israel, Canada, Turkey and Nigeria, initiates expansion in Egypt, Greece, Uruguay, Tanzania, Kenya, Ecuador and Cyprus through collaboration agreements and expands presence in Brazil to Rio de Janeiro.
Andersen Global closed out 2017 with a presence in 84 locations.
The year 2018 has brought the debut of the Andersen name in Ireland, Egypt, France, Ecuador and Kenya along with notable expansion in Spain, Portugal, Mexico, UK, Luxembourg, Canada and Brazil. The international association has also added a presence in Argentina, Kuwait, Mozambique, Angola, Hungary, Jordan, India,[16] Paraguay and Bolivia.
On April 23, 2019, Andersen Global expanded into its fiftieth country with the addition of a collaborating firm in Zambia.
On September 3, 2019, Andersen Tax rebranded to Andersen.[17]
In October 2019, Andersen Global announces Nangia Andersen India as its Indian member firm.[18] Nangia Andersen India is global network's 1st Indian Firm of Andersen Global.[19]
In 2022, in interview with Hindu Business Line, Mark L Vorsatz, Global Chairman, Andersen Global along with Rakesh Nangia, chairman, Nangia Andersen India expresses high optimism for the Indian economy [20]
Mark L Vorsatz, Global Chairman, Andersen Global and Rakesh Nangia, chairman, Nangia Andersen India share their future expansion plans in an exclusive interview with Mint[21]
References
edit- ^ "US Tax Consultancy Company Andersen Officially Enters Kenyan Market". Mwakilishi.com. Retrieved March 19, 2019.
- ^ "HSBC Sells US Wealth & Tax Advisory Business in Management Buy-Out" HSBC Press Release December 31, 2007 [1]
- ^ "National Tax Firm, WTAS, Goes Global" WTAS Press Release July 10, 2013 [2]
- ^ Amon, Elizabeth. "U.S. Tax Firm Expands in Europe by Linking with French Law Firm" Bloomberg, November 19, 2013 [3]
- ^ Rapoport, Michael. "Tax Firm to Revive Arthur Andersen Name" The Wall Street Journal, 2014 [4]
- ^ "Andersen Tax & Legal Launch in Latin America" Andersen Tax Press Release June 16, 2015 [5]
- ^ "Andersen Global Establishes Presence in Guatemala" Andersen Tax Press Release June 23, 2015 [6]
- ^ "Andersen Global Announces a New Presence in Spain" Andersen Tax Press Release June 30, 2015 [7]
- ^ Andersen Global Establishes a Presence in Brazil" Andersen Tax Press Release August 11, 2015 [8]
- ^ "Andersen Global Adds Legal Services in Guatemala" Andersen Tax press release September 8, 2016 [9],
- ^ "Andersen Global Initiates Expansion in Ireland" Andersen Tax Press Release September 26, 2016. [10]
- ^ "Andersen Tax & Legal Debuts in Spain". www.businesswire.com. March 1, 2017. Retrieved April 15, 2023.
- ^ "Andersen Tax & Legal Debuts in Italy". www.businesswire.com. April 10, 2017. Retrieved April 15, 2023.
- ^ "Andersen Global Announces Andersen Tax & Legal in Portugal". www.businesswire.com. May 8, 2017. Retrieved April 15, 2023.
- ^ ""Andersen Tax & Legal Launches in Germany" May 31, 2017". Retrieved April 15, 2023.
- ^ Andersen Global announces presence in India dailyamerican.com [dead link]
- ^ "Moore Stephens and Andersen Tax rebrand". Accounting Today. September 9, 2019. Retrieved October 31, 2019.
- ^ "Andersen Global announces Nangia Andersen as its Indian Member Firm". ET CFO. October 18, 2019. Retrieved July 31, 2024.
- ^ "Nangia Andersen is global network's 1st Indian Firm". Times of India. October 19, 2019. Retrieved July 31, 2024.
- ^ "Andersen interview. India among our top three priorities globally: Global Chairman, Andersen". Hindu Business Line. Retrieved October 7, 2022.
- ^ "Andersen to have 10% of future hiring from India". Live Mint. Retrieved October 11, 2022.