Newly formed ATC Tax is looking to carry out its M&A growth strategy.
The firm said in a Linkedin post that it is looking at “UK expatriate tax advisers with transferable books of clients or UK expatriate tax businesses looking for an exit”.
ATC Tax has “managed to grow organically month-on-month”, despite covid, since its launch in March 2020, which has sparked its M&A plans.
“We are now ready to progress our growth strategy to the next stage, through acquisition”, the firm said.
The UK-based firm launched in March 2020 to help those who have previously lived or worked in the country and who may, therefore, have UK tax liabilities.
Acceleration
Finn Houlihan, managing director at ATC Tax, said: “We were looking at M&A deals in the tax advice market when starting ATC Tax, as part of our commitment to offer a strong proposition to clients.
“Initially, we proved there was demand for our services, but the pandemic has caused a surge in demand beyond our expectations, with most expats worried about their finances as a result of the uncertainty. The increased demand has meant we’re accelerating our M&A plans well ahead of schedule.
“We’re not constrained to certain regions and can be free in how we operate. We want to help British expats around the globe. We’ve increased our presence in Dubai and the Middle East, as well as in Singapore and Hong Kong, where there has been an increase in demand for tax services.
“However, we’re also a UK business and want to offer normal UK tax advice to more UK residents. In particular, the buy-to-let market is causing more of a need for people with property portfolios to seek out tax advice.
“We haven’t got a target as we’d rather focus on the type of business. We’re primarily looking for more established compliance businesses, from which we can quantify easier what we’ll get the next year through tax returns, rather than the riskier approach of just taking on advice.”
