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Article Excerpt
Market Leading Tax Compliance Software Expands Tax & Accounting's Compliance Offerings in the U.K.
NEW YORK, Sept. 14 /PRNewswire-FirstCall/ -- Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, today announced that its Tax & Accounting business has signed a definitive agreement to acquire the Abacus Enterprise suite of products and related business operations from Deloitte LLP, a leading professional services firm. The Abacus suite of products helps corporations and their advisors plan, comply, and remit income taxes and value added taxes (VAT). Based in London, the business offers software products to customers in the U.K., Ireland, the Netherlands, New Zealand, and Hong Kong as well as supplying VAT software for 20 countries in the European Union. Approximately 40 employees will transfer with the business, and the business will continue to be based in London.
With more than 400 multi-national corporations as clients, Abacus Enterprise's leading web-based software is used by customers to determine applicable...
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