Andersen Tax LLC is a tax firm headquartered in
San Francisco
San Francisco, officially the City and County of San Francisco, is a commercial, Financial District, San Francisco, financial, and Culture of San Francisco, cultural center of Northern California. With a population of 827,526 residents as of ...
,
California
California () is a U.S. state, state in the Western United States that lies on the West Coast of the United States, Pacific Coast. It borders Oregon to the north, Nevada and Arizona to the east, and shares Mexico–United States border, an ...
,
United States
The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...
. It provides tax, valuation, financial advisory and consulting services to individuals and corporate clients. As of 2015, Andersen Global has a presence in 179 countries.
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.
On December 31, 2007, HSBC USA Inc. sold Wealth & Tax Advisory Services USA Inc. (‘WTAS’) to participating WTAS managing directors in a
management buyout
A management buyout (MBO) is a form of acquisition in which a company's existing managers acquire a large part, or all, of the company, whether from a parent company or individual. Management- and/or leveraged buyouts became noted phenomena of 19 ...
(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.
In July 2013, WTAS LLC established WTAS Global as an international association of independent professional services firms.
By November, WTAS Global had acquired the Paris-based law firm STC Partners.
On September 2, 2014, WTAS LLC changed its name to Andersen Tax LLC and WTAS Global changed its name to Andersen Global.
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. Mexico was followed shortly by an office in Guatemala through the addition of Trust Consulting in Guatemala City.
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. Through fall of 2016, they added services in Guatemala and collaborations with mgpartners, a leading tax firm in Ireland
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. Since, Andersen Global has added member firms in Italy, Portugal, and Germany.
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, and India.
On September 3, 2019, Andersen Tax rebranded to Andersen.
In October 2019, Andersen Global announces Nangia Andersen India as its Indian member firm. Nangia Andersen India is global network's 1st Indian Firm of Andersen Global.
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
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
References
{{Reflist
Financial services companies established in 2002
Consulting firms established in 2002
Companies based in San Francisco