Andersen Tax
{{Short description|Tax firm in USA}}
{{Use mdy dates|date=September 2022}}
{{Infobox company
| name = Andersen Tax LLC
| logo = Andersen Tax logo.png
| former_names = Wealth and Tax Advisory Services (2002-2014)
| type = Limited Liability Company
| foundation = 2002
| location = San Francisco, CA
| subsid = Andersen Global
| key_people = Mark Vorsatz, CEO
| industry = Professional Services
| services = Tax
Consulting
Valuation
Financial Advisory
Wealth Management
| num_employees = 1900
| homepage = {{URL|http://andersen.com}}
}}
Andersen Tax LLC is a tax 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 has a presence in 179 countries.{{cite news |title=Andersen Launches Global Consulting Practice on Six Continents |url=https://insidepublicaccounting.com/2025/02/20/andersen-launches-global-consulting-practice-on-six-continents/ |access-date=29 March 2025 |publisher=Inside Public Accounting |date=20 February 2025}}
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|date=December 2020}}
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 would receive US$5 million in cash and deferred notes with a principal amount totaling US$60.85 million."HSBC Sells US Wealth & Tax Advisory Business in Management Buy-Out" HSBC Press Release December 31, 2007 [https://www.bloomberg.com/apps/news?pid=conewsstory&refer=conews&tkr=HSBA:LN&sid=a4R5wsR8ZCFM]
In July 2013, WTAS LLC established WTAS Global as an international association of independent professional services firms."National Tax Firm, WTAS, Goes Global" WTAS Press Release July 10, 2013 [http://www.prnewswire.com/news-releases/national-tax-firm-wtas-goes-global-214993261.html]
By November, WTAS Global had acquired the Paris-based law firm STC Partners.Amon, Elizabeth. "U.S. Tax Firm Expands in Europe by Linking with French Law Firm" Bloomberg, November 19, 2013 [https://www.bloomberg.com/news/articles/2013-11-19/squire-sanders-forms-link-with-indonesian-firm-business-of-law]
On September 2, 2014, WTAS LLC changed its name to Andersen Tax LLC and WTAS Global changed its name to Andersen Global.Rapoport, Michael. "Tax Firm to Revive Arthur Andersen Name" The Wall Street Journal, 2014 [https://www.wsj.com/articles/tax-firm-to-revive-arthur-andersen-name-1409626508?mod=WSJ_LatestHeadlines]
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."Andersen Tax & Legal Launch in Latin America" Andersen Tax Press Release June 16, 2015 [http://www.businesswire.com/news/home/20150616006207/en/Andersen-Tax-Legal-Launch-Latin-America#.VYnVbvlVhBc] Mexico was followed shortly by an office in Guatemala through the addition of Trust Consulting in Guatemala City."Andersen Global Establishes Presence in Guatemala" Andersen Tax Press Release June 23, 2015 [http://www.marketwatch.com/story/andersen-global-establishes-presence-in-guatemala-2015-06-23]
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."Andersen Global Announces a New Presence in Spain" Andersen Tax Press Release June 30, 2015 [http://www.marketwatch.com/story/andersen-global-announces-a-new-presence-in-spain-2015-06-30]Andersen Global Establishes a Presence in Brazil" Andersen Tax Press Release August 11, 2015 [http://www.businesswire.com/news/home/20150811006010/en/Andersen-Global-Establishes-Presence-Brazil#.VcoWfvlVhBc] Through fall of 2016, they added services in Guatemala"Andersen Global Adds Legal Services in Guatemala" Andersen Tax press release September 8, 2016 [http://www.businesswire.com/news/home/20160908005471/en/Andersen-Global-Adds-Legal-Services-Guatemala], and collaborations with mgpartners, a leading tax firm in Ireland"Andersen Global Initiates Expansion in Ireland" Andersen Tax Press Release September 26, 2016. [http://www.businesswire.com/news/home/20160926005259/en/Andersen-Global-Initiates-Expansion-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.{{Cite web|url=https://www.businesswire.com/news/home/20170301005484/en/Andersen-Tax-Legal-Debuts-in-Spain|title=Andersen Tax & Legal Debuts in Spain|date=1 March 2017|website=www.businesswire.com|access-date=15 April 2023}} Since, Andersen Global has added member firms in Italy,{{Cite web|url=https://www.businesswire.com/news/home/20170410005057/en/Andersen-Tax-Legal-Debuts-in-Italy|title=Andersen Tax & Legal Debuts in Italy|date=10 April 2017|website=www.businesswire.com|access-date=15 April 2023}} Portugal,{{Cite web|url=https://www.businesswire.com/news/home/20170508005027/en/Andersen-Global-Announces-Andersen-Tax-Legal-in-Portugal|title=Andersen Global Announces Andersen Tax & Legal in Portugal|date=8 May 2017|website=www.businesswire.com|access-date=15 April 2023}} and Germany.{{Cite web|url=https://finance.yahoo.com/news/andersen-tax-legal-launches-germany-130000432.html|title=“Andersen Tax & Legal Launches in Germany” May 31, 2017|access-date=15 April 2023}}
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.[https://www.dailyamerican.com/news/business/nation/andersen-global-announces-presence-in-india/article_2e76d2e6-9386-5fea-8755-deec2fffa966.html Andersen Global announces presence in India] dailyamerican.com {{dead link|date=April 2023}}
On September 3, 2019, Andersen Tax rebranded to Andersen.{{Cite web|url=https://www.accountingtoday.com/news/moore-stephens-and-andersen-tax-rebrand|title=Moore Stephens and Andersen Tax rebrand|date=2019-09-09|website=Accounting Today|language=en|access-date=2019-10-31}}
In October 2019, Andersen Global announces Nangia Andersen India as its Indian member firm.{{Cite web|url=https://cfo.economictimes.indiatimes.com/news/andersen-global-announces-nangia-andersen-llp-as-its-indian-member-firm/71638799|title=Andersen Global announces Nangia Andersen as its Indian Member Firm|date=2019-10-18|website=ET CFO|language=en|access-date=2024-07-31}} Nangia Andersen India is global network's 1st Indian Firm of Andersen Global.{{Cite web|url=https://timesofindia.indiatimes.com/business/india-business/nangia-andersen-is-global-networks-1st-indian-member-firm/articleshow/71656869.cms|title=Nangia Andersen is global network's 1st Indian Firm|date=2019-10-19|website=Times of India|language=en|access-date=2024-07-31}}
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 {{cite web |url=https://www.thehindubusinessline.com/economy/india-among-our-top-three-priorities-globally-global-chairman-andersen/article65976052.ece|title=Andersen interview. India among our top three priorities globally: Global Chairman, Andersen |website=Hindu Business Line|access-date=2022-10-07}}
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{{cite web |url=https://www.livemint.com/companies/news/andersen-to-have-10-of-future-hiring-from-india-11665483655451.html|title=Andersen to have 10% of future hiring from India|website=Live Mint|access-date=2022-10-11}}