Andersen Tax LLC is a service firm headquartered in San Francisco, California, United States. It provides tax, valuation, financial advisory and consulting services to individuals and corporate clients. As of 2015, Andersen Global had a presence in 179 countries.[2]
History
Andersen 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]
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 received US$5 million in cash and deferred notes with a principal amount totaling US$60.85 million.[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] Shortly thereafter a Guatemala opened via the addition of Trust Consulting in Guatemala City.[7]
By the end of 2015 Andersen Global had presence in Spain and Brazil. Andersen Global now has 45 international locations with over 1,200 professionals worldwide.[8]
On March 1, 2017, Andersen Tax & Legal made its debut in Spain, absorbing Global Abogados, the first in Europe to adopt the Andersen name.[9]
In 2018 Andersen debuted in Ireland, Egypt, France, Ecuador and Kenya along with notable expansion in Spain, Portugal, Mexico, UK, Luxembourg, Canada and Brazil. The association added a presence in Argentina, Kuwait, Mozambique, Angola, Hungary, Jordan, and India.[10]
On September 3, 2019, Andersen Tax rebranded to Andersen.[11]
In October 2019, Andersen Global announced Nangia Andersen India as its Indian member firm.[12] Nangia Andersen India is global network’s 1st Indian Firm.[13]
References
- ^ Georgacopoulos, Christina (February 16, 2024). “Exclusive: Professional services giant recruits Tampa practice in local expansion”. Tampa Bay Business Journal. Retrieved February 27, 2025.
- ^ “Andersen Launches Global Consulting Practice on Six Continents”. Inside Public Accounting. February 20, 2025. Retrieved March 29, 2025.
- ^ “HSBC Sells US Wealth & Tax Advisory Business in Management Buy-Out” HSBC Press Release December 31, 2007 [1]
- ^ Amon, Elizabeth. “U.S. Tax Firm Expands in Europe by Linking with French Law Firm” Bloomberg, November 19, 2013 [2]
- ^ Rapoport, Michael. “Tax Firm to Revive Arthur Andersen Name” The Wall Street Journal, 2014 [3]
- ^ “Andersen Tax & Legal Launch in Latin America” Andersen Tax Press Release June 16, 2015 [4]
- ^ “Andersen Global Establishes Presence in Guatemala” Andersen Tax Press Release June 23, 2015 [5]
- ^ “Andersen Global Announces a New Presence in Spain” Andersen Tax Press Release June 30, 2015 [6]
- ^ “Andersen Tax & Legal Debuts in Spain”. www.businesswire.com. March 1, 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.