Global Tax Management (GTM) Sells Risk Management Practice
Transaction allows GTM exclusive focus on delivering corporate tax services to national and multinational companies
RADNOR, PA (October 1, 2016) – Global Tax Management (GTM) announced today the sale of its Risk Management practice to Reinsel Kuntz Lesher LLP (RKL), Certified Public Accountants & Consultants, of Lancaster, PA. The practice will operate under the new name RKL Risk Management LLC.
The transaction, effective October 1, 2016, allows GTM to focus exclusively on the delivery of corporate tax services to mid-size and large multinational, public, and Fortune 500 companies.
For more than 20 years, GTM has provided the expertise to build, operate, and manage tax department functions for its clients. Its core services include tax provision, compliance, technology automation, indirect tax, and tax planning and minimization services. Completing the sale of the Risk Management practice directs GTM’s full attention and resources on delivering an expanding portfolio of tax department services for clients and prospects in the region.
“Our tax clients rely on GTM’s quality of service and caliber of tax talent”, said Dave Laurinaitis, GTM Managing Director. “The sale of our Risk Management practice is about giving our undivided attention to providing superior tax services in the region, attracting the best tax talent with a family-oriented culture, and continuing to improve upon the quality of service our clients expect from GTM.”
GTM has seen strong regional growth from its core Federal tax provision and compliance services. In addition, all of its specialty practices including international tax services, technology automation, state and local tax (SALT), and tax department outsourcing have experienced a steady increase in market demand which is projected to continue into 2017.