Ryan, a leading global tax services and software provider, announced the acquisition of Sydney-based Australian firm Indirect Tax Solutions (ITS), an indirect tax services firm with deep specialisations in goods and services tax (GST) and fuels tax credits (FTC). The ITS acquisition adds additional strength to Ryan’s growing presence and service offering in Australia.
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Ryan is a global leader in helping companies reduce tax risks by finding savings, which improves cash flow. Ryan’s multidisciplinary approach results in $3 billion in annual tax savings for premier global clients. In response to clients’ increasing need to demonstrate “justified trust” to the Australian Tax Office (ATO), Ryan has significantly increased its investment in growing onshore advisory capabilities to develop greater comfort and trust between the ATO and companies operating in Australia.
“The addition of ITS greatly expands our capabilities in Australia,” said Jon C. Sweet, Ryan’s President of Europe and Asia-Pacific. “Our clients have been asking for increased support across the indirect tax spectrum and for Ryan to build its local presence on the ground in Australia. The highly experienced team from ITS is a great fit for Ryan, as they share the same passion for maximising value for our clients, partnering as a trusted advisor, and being respectful to the ATO, while acknowledging the importance of demonstrating that tax processes and technology are compliant with the technical requirements and spirit of the Justified Trust initiatives.”
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The ITS team consists of seasoned partners and associates who came from Big Four backgrounds, each with more than 20 years in specialist tax. Jon Graham joins Ryan as Principal and Chief Operating Officer of Ryan’s Australian Operations. He will oversee and provide leadership to all indirect tax practices in the Asia-Pacific region. Mr. Graham has over 30 years of experience advising clients on indirect taxes, having held leadership positions at a Big Four accounting firm, including Asia-Pacific Indirect Tax Practice Leader.
“We are thrilled to join Ryan and expand the GST and FTC practices,” said Mr. Graham. “Ryan’s global reputation and comprehensive solutions offer a more powerful platform to serve clients and provide additional capabilities to help their businesses maximise the efficiency and effectiveness of their tax functions. Our team is excited to bring our specialist focus and skills to expand on the value Ryan brings to its clients.”
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