Alvarez & Marsal Taxand, LLC (A&M Taxand), an affiliate of global professional services firm Alvarez & Marsal (A&M), announced a strategic partnership with one of the most advanced tax technology providers, Tax Technologies, Inc. (TTI).

The partnership will bolster the streamlined support, centralized tax data management and industry expertise that A&M Taxand provides clients to maximize value.

Additionally, the partnership with TTI furthers A&M Taxand’s ability to advise domestic and multinational companies on managing risk and increasing efficiencies, while administering their complex international taxation needs.

Ernesto Perez, Global Practice Leader of A&M Taxand and the firm’s Global Transaction Tax Advisory Practice commented, “Tax professionals today are facing more changes and demands than ever before, particularly in light of the recent tax reform. As they are navigating these changes, this partnership offers cutting-edge technology, backed by our team of seasoned tax experts, that will increase efficiency and ensure regulatory compliance.”

The joint solution, utilizing TTI’s sophisticated, proven and secure software and data management capabilities, is designed to produce accurate tax results through automating calculations, simplifying analyses, streamlining reporting and centralizing tax data for future uses.

In practice, it:

• Creates a reliable and defendable base of calculations – required for reporting all current tax computations (and updated to cover Toll Charge, GILTI, BEAT, FDII, 163(j), etc.);
• Calculates and tracks multiyear tax attributes by utilizing proven mechanisms;
• Simplifies forward-looking planning scenarios by leveraging centralized data and technology;
• Increases efficiencies related to managing complex data by plugging into existing platforms and automating the process.

“A&M Taxand and Tax Technologies Inc. share a practical approach to solving complex tax issues. Reliable, technology-forward solutions will ease the demands tax professionals are facing in this new landscape, Our clients will truly benefit from this customizable new offering.” comments Albert Liguori, Managing Director of the A&M Taxand practice group.