Ryan Acquires Leading Tax Firm, Indirect Tax Solutions, in Australia

SYDNEY--(BUSINESS WIRE)--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.

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.”

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.”

About Ryan

Ryan, an award-winning global tax services and software provider, is the largest Firm in the world dedicated exclusively to business taxes. The Firm provides an integrated suite of international tax services on a multijurisdictional basis, including tax recovery, consulting, advocacy, compliance, and technology services. Ryan is an eight-time recipient of the International Service Excellence Award from the Customer Service Institute of America (CSIA) for its commitment to world-class client service. Empowered by the dynamic myRyan work environment, which is widely recognised as the most innovative in the tax services industry, Ryan’s multidisciplinary team of more than 2,800 professionals and associates serves over 16,000 clients in more than 50 countries, including many of the world’s most prominent Global 5000 companies. More information about Ryan can be found at ryan.com/asia-pacific. “Ryan” and “Firm” refer to the global organisational network and may refer to one or more of the member firms of Ryan International, each of which is a separate legal entity.