Latest news with #ArthurAndersen
Associated Press
14-05-2025
- Business
- Associated Press
Andersen Global Deepens Canadian Ties with Stratos Solutions Inc.
SAN FRANCISCO--(BUSINESS WIRE)--May 14, 2025-- Andersen Global expands its Canadian platform through a Collaboration Agreement with Stratos Solutions Inc., a leading tax firm based in Ontario, Canada specializing in indirect tax, reverse audits, and overpayment recovery for complex organizations. Founded in 2004 by former Arthur Andersen professionals, Stratos Solutions Inc. is led by Managing Partner Alnasir Gangji and brings over 70 years of combined partner experience in indirect tax and overpayment recovery services. The firm specializes in reverse audits across VAT, GST/HST, QST, PST, Canadian customs duties, government grants, and payroll tax programs. Stratos works with Fortune 500 companies and public sector entities, delivering measurable financial value through its proprietary Stratos Data Intelligence (SDI) platform—an advanced analytics engine powered by more than 170 algorithms designed to identify missed tax credits, refunds, and overpayments across complex ERP environments such as SAP, Oracle, and NetSuite. 'Through our collaboration with Andersen Global, we will be able to leverage a broader group of professionals to better support our clients,' said Alnasir. 'The expanded reach and enhanced access to global resources will allow us to provide more integrated and comprehensive solutions, both across Canada and internationally, strengthening our ability to meet the complex needs of our clients, and further solidifying our commitment to delivering best-in-class service.' 'Stratos Solutions Inc. brings a new dimension to our Canadian tax capabilities at a critical time,' said Mark L. Vorsatz, global chairman and CEO of Andersen. 'Founded by three former Arthur Andersen professionals with more than 70 years of combined experience, the firm exemplifies our core values through a client-centric, results-driven approach. Their specialized expertise enhances our ability to deliver seamless, cross-border solutions and further strengthens our presence in the region.' Andersen Global is an international association of legally separate, independent member firms comprised of tax, legal, and valuation professionals around the world. Established in 2013 by U.S. member firm Andersen Tax LLC, Andersen Global now has more than 20,000 professionals worldwide and a presence in over 500 locations through its member firms and collaborating firms. View source version on CONTACT: Megan Tsuei Andersen Global 415-764-2700 KEYWORD: NORTH AMERICA UNITED STATES EUROPE CANADA TURKEY CALIFORNIA INDUSTRY KEYWORD: PROFESSIONAL SERVICES BUSINESS LEGAL FINANCE CONSULTING ACCOUNTING SOURCE: Andersen Global Copyright Business Wire 2025. PUB: 05/14/2025 09:30 AM/DISC: 05/14/2025 09:31 AM
Business Wire
14-05-2025
- Business
- Business Wire
Andersen Global Deepens Canadian Ties with Stratos Solutions Inc.
SAN FRANCISCO--(BUSINESS WIRE)--Andersen Global expands its Canadian platform through a Collaboration Agreement with Stratos Solutions Inc., a leading tax firm based in Ontario, Canada specializing in indirect tax, reverse audits, and overpayment recovery for complex organizations. Founded in 2004 by former Arthur Andersen professionals, Stratos Solutions Inc. is led by Managing Partner Alnasir Gangji and brings over 70 years of combined partner experience in indirect tax and overpayment recovery services. The firm specializes in reverse audits across VAT, GST/HST, QST, PST, Canadian customs duties, government grants, and payroll tax programs. Stratos works with Fortune 500 companies and public sector entities, delivering measurable financial value through its proprietary Stratos Data Intelligence (SDI) platform—an advanced analytics engine powered by more than 170 algorithms designed to identify missed tax credits, refunds, and overpayments across complex ERP environments such as SAP, Oracle, and NetSuite. 'Through our collaboration with Andersen Global, we will be able to leverage a broader group of professionals to better support our clients," said Alnasir. "The expanded reach and enhanced access to global resources will allow us to provide more integrated and comprehensive solutions, both across Canada and internationally, strengthening our ability to meet the complex needs of our clients, and further solidifying our commitment to delivering best-in-class service.' 'Stratos Solutions Inc. brings a new dimension to our Canadian tax capabilities at a critical time,' said Mark L. Vorsatz, global chairman and CEO of Andersen. 'Founded by three former Arthur Andersen professionals with more than 70 years of combined experience, the firm exemplifies our core values through a client-centric, results-driven approach. Their specialized expertise enhances our ability to deliver seamless, cross-border solutions and further strengthens our presence in the region.' Andersen Global is an international association of legally separate, independent member firms comprised of tax, legal, and valuation professionals around the world. Established in 2013 by U.S. member firm Andersen Tax LLC, Andersen Global now has more than 20,000 professionals worldwide and a presence in over 500 locations through its member firms and collaborating firms.
Yahoo
14-05-2025
- Business
- Yahoo
Andersen Global Deepens Canadian Ties with Stratos Solutions Inc.
SAN FRANCISCO, May 14, 2025--(BUSINESS WIRE)--Andersen Global expands its Canadian platform through a Collaboration Agreement with Stratos Solutions Inc., a leading tax firm based in Ontario, Canada specializing in indirect tax, reverse audits, and overpayment recovery for complex organizations. Founded in 2004 by former Arthur Andersen professionals, Stratos Solutions Inc. is led by Managing Partner Alnasir Gangji and brings over 70 years of combined partner experience in indirect tax and overpayment recovery services. The firm specializes in reverse audits across VAT, GST/HST, QST, PST, Canadian customs duties, government grants, and payroll tax programs. Stratos works with Fortune 500 companies and public sector entities, delivering measurable financial value through its proprietary Stratos Data Intelligence (SDI) platform—an advanced analytics engine powered by more than 170 algorithms designed to identify missed tax credits, refunds, and overpayments across complex ERP environments such as SAP, Oracle, and NetSuite. "Through our collaboration with Andersen Global, we will be able to leverage a broader group of professionals to better support our clients," said Alnasir. "The expanded reach and enhanced access to global resources will allow us to provide more integrated and comprehensive solutions, both across Canada and internationally, strengthening our ability to meet the complex needs of our clients, and further solidifying our commitment to delivering best-in-class service." "Stratos Solutions Inc. brings a new dimension to our Canadian tax capabilities at a critical time," said Mark L. Vorsatz, global chairman and CEO of Andersen. "Founded by three former Arthur Andersen professionals with more than 70 years of combined experience, the firm exemplifies our core values through a client-centric, results-driven approach. Their specialized expertise enhances our ability to deliver seamless, cross-border solutions and further strengthens our presence in the region." Andersen Global is an international association of legally separate, independent member firms comprised of tax, legal, and valuation professionals around the world. Established in 2013 by U.S. member firm Andersen Tax LLC, Andersen Global now has more than 20,000 professionals worldwide and a presence in over 500 locations through its member firms and collaborating firms. View source version on Contacts Megan TsueiAndersen Global415-764-2700 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Winnipeg Free Press
03-05-2025
- Business
- Winnipeg Free Press
Macmillan brothers' publishing path detailed
A pair of 19th-century Scottish brothers sought to raise themselves out of near poverty, turn a buck in the book business and bring affordable — and tendentially Christian — literacy to a broad swath of the British middle and working classes. They succeeded on all three fronts. The publishing house they created still stands today, known corporately as Pan Macmillan. Literature for the People Sarah Harkness's Literature for the People is a meticulous — though lacking in élan — chronicle of the genesis of that publishing business. Harkness's own genesis as a writer is noteworthy. She worked in senior positions in corporate finance for 20 years, latterly as a partner with accounting firm Arthur Andersen. This is her second crack at biography, having previously authored an account of English Victorian writer and artist Nelly Erichsen (A Hidden Life). The Macmillan siblings' overarching motive was, in Harkness's telling, a marriage of capitalism and religiosity. 'The Macmillan brothers could see that there was an enormous and growing market waiting to be tapped, and that the canny publisher who spotted the right opportunities would not only cater to the inner life of the working man, thus serving a social purpose, but also might make a fortune,' she writes. They actually began as London booksellers in 1843 but, seeing opportunity, shifted into publishing. The elder brother Daniel Macmillan did not live to see the firm prosper. He died in 1857. His younger sibling, Alexander, carried on and grew the business over the next nearly four decades. Where the story shines is post mid-19th-century, when the publishing firm's books and magazines engaged with contemporary intellectual currents and controversies. The Macmillan firm's history intersects with a virtual who's who of literary, scientific and political pooh-bahs. A mere partial list includes: Thomas Huxley, William Gladstone, Charles Darwin, Alfred Lord Tennyson, Thomas Carlyle, Lewis Carroll, Matthew Arnold, Henry Wadsworth Longfellow and Dante Gabriel and Christina Rossetti. When Macmillan set up a publishing arm in the United States in the 1860s, it encountered government opposition that echoes down to the Trumpian present. American customs officials frequently refused to permit release for sale of imported British books for months on end, usually on specious grounds, crippling the firm's cash flow. And when officialdom did finally release the held books, it slapped on tariffs that made them prohibitively expensive to buy in America. For all that, Alexander Macmillan eventually prevailed against Yankee protectionism, and the publisher became a success story on both sides of the Atlantic. Literature for the People's weakness lies in its academic origins. It grew out of its author's MA thesis, a 40,000-word dissertation that covered five years in the life of Alexander Macmillan — and it shows. There are passages in which Harkness relates an event or episode and then buttresses the narrative with a block quotation from correspondence between the brothers or their client authors. Some of these block quotations are lengthy, far too lengthy, and repetitive of what she's already just related. This may be appropriate in an academic text or thesis, but in a popular history it's dead weight. Still, it does a workmanlike job of what good biography is supposed to do: portray its subjects' experiences by highlighting as much intimate detail as possible and offering considered analysis of personality. It also deftly explores the brothers' lives and their firm's success within the context of the times and larger historical events. It's of note that the publisher of this bio is the very firm that it's about — Macmillan. It doesn't appear to be a commissioned work, which, ethically, would have to be disclosed. The acknowledgements at book's end merely states it was written with 'the encouragement and support of the Macmillan family.' Regardless, it would have been prudent and appropriate for Harkness to expressly underline that the Macmillan descendants and firm exercised no editorial control over its contents. Douglas J. Johnston is a Winnipeg lawyer and writer.
Irish Times
28-04-2025
- Business
- Irish Times
Revived Andersen tax and advisory firm files to pursue US stock listing
Andersen, the tax and consulting business created by alumni of the collapsed accounting firm Arthur Andersen, has filed for a stock market listing in the US, setting up a test of investor appetite for professional services firms. The company said on Monday that it had filed a confidential prospectus with the Securities and Exchange Commission, but had yet to set a valuation range or decide how much of the business will sold by current partners. Morgan Stanley has been advising on the flotation, the Financial Times reported earlier this year, and Andersen has been rapidly building out its business to boost its appeal to investors. In February, it launched its Andersen Consulting unit to offer additional advisory services alongside its core tax and valuation business, and it has been pulling other businesses outside the US into a loose network of affiliated firms that can share work for multinational companies. READ MORE Mark Vorsatz, a former Arthur Andersen tax partner who founded the company as WTAS 23 years ago and acquired the Andersen name in 2014, said in a December interview that the US business had revenues of around $740mn in 2024. 'My motivation for going public is access to capital,' he said. 'Public capital is the cheapest.' Professional services companies have a mixed record on the stock market, as investors can be unsure how to value a business that relies heavily on the personal relationships of rainmaker partners. Shares in FTI Consulting are down 14 per cent this year after one economic consultant, Jonathan Orszag, set up a rival firm, taking senior colleagues with him and forcing FTI to raise pay to retain others. Several law firms that went public in the UK after a liberalisation of the legal market there have since delisted. But accounting firms are have started to consider the public markets. The private equity owner of Baker Tilly in the US is expecting it will exit its investment by floating on the stock market in a few years' time, according to people familiar with its thinking, while its British affiliate, MHA, conducted an initial public offering on the UK's Alternative Investment Market earlier this month. Arthur Andersen's consulting business was spun off and renamed Accenture in 2000 and has been one of the sector's most notable success stories. Arthur Andersen collapsed barely a year later after its audit client Enron was unmasked as a fraud. Market volatility unleashed by President Donald Trump's tariffs has chilled the broader US IPO market, which many investment bankers had tipped to roar back to life under a Republican administration. Shares in data centre operator CoreWeave, which in March launched the largest tech offering since Arm Holdings in 2023, are up less than 1 per cent from their IPO price. The company was forced to slash the size and value of the offering amid wavering investor demand for AI. Several other large tech IPOs have been postponed in the wake of Trump's 'liberation day' tariff announcements. – Copyright The Financial Times Limited 2025
