Press release

BDO Acquires TAXPE|Tax Performance Engineering

Sponsored by Businesswire

BDO USA, LLP, one of the nation’s leading professional services firms,
is pleased to announce its acquisition of TAXPE LLC, a firm focused on
the optimization of end-to-end income tax reporting processes for large
corporate tax departments. Scott Hice, CEO of TAXPE, joined BDO as a
Partner and National Leader of BDO’s Tax Transformation Services
practice. The acquisition was effective on April 1.

The addition of TAXPE’s services, specifically in the area of tax
process design and through the team’s extensive Fortune 500 company ASC
740 experience, will enhance BDO’s focus on driving solutions to meet
the dynamic needs of corporate tax departments.

The role of the tax function is evolving under pressure from
technological, policy-driven, and regulatory changes. Tax transformation
comprises a holistic strategy to enable tax departments to better
navigate the increasingly complicated web of tax laws and regulations
through improved processes and automated technologies, and to respond
intelligently to changes in laws and policy, while simultaneously
creating a more efficient work environment and generating value for the

“Updating processes and advancing the use of technologies within a
company’s tax function is becoming increasingly complex. Both changing
tax laws and changing technologies have a direct day-to-day impact on
the efficiency and effectiveness of the company workforce,” Hice said.
“As a part of BDO’s Tax Transformation Services practice, our team now
has the administrative backing of a global accounting firm; gaining
access to BDO’s resources to better reinforce, broaden, and execute our
core competencies for our clients through BDO’s comprehensive,
end-to-end tax services.”

The legacy TAXPE team has worked with more than 300 companies on tax
performance engineering projects, all of which involved tax provision
and compliance software enhancements. With the acquisition comes TAXPE’s
expertise surrounding the offerings of the major third-party software
vendors—Corptax, Longview, Oracle and Thomson Reuters ONESOURCE—along
with a library of configurable TAXPE TAXPOWER workpapers, which can be
integrated with general ledger systems and third-party tax software
systems to deliver repeatable data collection and reporting needs.

“As long as changes in policy, regulation, and technology continue, tax
transformation strategies will be necessary for companies looking to
stay ahead,” said Barbara Torzewski, BDO’s Tax Transformation Services
managing director. “By adding Scott and his experienced team, BDO will
be able to leverage TAXPE’s 20-plus years of process design and tax
technology experience to deepen our analysis of operational efficiencies
and development of tailored technology solutions, including automation
and analytics. No two businesses will have the same tax transformation
journey, and with TAXPE’s capabilities, companies can have even more
specialized solutions that move the needle for their organizations.”

BDO Facts:

  • Over the past five years, BDO USA’s cumulative growth rate has far
    outpaced all other major U.S. accounting firms, with revenues more
    than doubling from $618 million in 2012 to $1.41 billion in 2017,
    growing to $1.47 billion in 2018. During that time, BDO entered 24 new
    U.S. cities and expanded its critical mass in 13 existing markets.
  • BDO represents companies ranging from closely held private businesses
    to leading nonprofits to Fortune 500 multinationals.
  • BDO USA has industry practices specialized in serving businesses in
    the construction, energy, financial institutions, asset management,
    government contracting, healthcare, insurance, manufacturing,
    nonprofit, private equity, real estate, restaurant, retail and
    technology sectors.
  • BDO has been named a Best Company by Working Mother Magazine for eight
    consecutive years and been recognized with the When Work Works Award
    for Business Excellence in Workplace Flexibility for ten consecutive
  • BDO has more than 60 offices and more than 550 independent alliance
    firm locations around the country.
  • BDO USA has been serving clients for more than 100 years since its
    founding in 1910 (as Seidman & Seidman).
  • As an independent member of BDO International Limited, the firm can
    leverage the resources of more than 73,800 people in 1,500 offices
    across 162 countries.

About BDO

BDO is the brand name for BDO USA, LLP, a U.S. professional services
firm providing assurance, tax, and advisory services to a wide range of
publicly traded and privately held companies. For more than 100 years,
BDO has provided quality service through the active involvement of
experienced and committed professionals. The firm serves clients through
more than 60 offices and over 550 independent alliance firm locations
nationwide. As an independent Member Firm of BDO International Limited,
BDO serves multi-national clients through a global network of 73,800
people working out of 1,500 offices across 162 countries.

BDO USA, LLP, a Delaware limited liability partnership, is the U.S.
member of BDO International Limited, a UK company limited by guarantee,
and forms part of the international BDO network of independent member
firms. BDO is the brand name for the BDO network and for each of the BDO
Member Firms. For more information please visit: