Grants consultancy TCF Services joins global player Ryan

06 January 2021 Consultancy.com.au
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TCF Services, an Australian consulting firm specialised in research and development tax incentive and government grants, has joined Ryan, the globe’s largest player dedicated to the grants space. 

The acquisition of TCF Services comes shortly after US-headquartered Ryan snapped up Indirect Tax Solutions, a Sydney-based indirect tax services firm with specialisations in goods and services tax and fuels tax credits. “The addition of TCF Services expands our footprint in Australia and demonstrates our commitment to investing the market,” said Jon Sweet, Ryan’s President for Europe and Asia-Pacific.

Founded in 1991, TCF Services offers a suite of services focused on the delivery of benefits under the R&D Tax Incentive and other state and federal government grant programs. Since inception, the consultancy has delivered over $2 billion in government grants and tax incentive benefits to its clients across industries, according to the firm’s managing director Gerry Frittmann.

Some of the key grants TCF Services specialises in include the R&D Tax Incentive (available to Australian based companies in any industry sector), the National Innovation and Science Agenda Programs (worth $1.1 billion over four years), State Government programs supporting innovation, and Export Market Development Grants (which provide cash rebates to SME export businesses). 

TCF Services provides an end-to-end offering, from management consulting and grants assessment, through to planning, preparation, execution and compliance & monitoring. 

“TCF’s unique, market-leading R&D tax credits practice greatly benefits our clients doing business in Australia,” said Sweet, adding that the two firms “share a common goal of maximising value for our clients and improving the efficiency and effectiveness of their tax function.”

As part of the deal, TCF Services’ 10-strong team across offices in Sydney and Melbourne will join Ryan, which has more than 2,800 professionals and associates serving over 16,000 clients in more than 50 countries. Frittmann: “Ryan’s exceptional reputation for client service and results is well known throughout the industry. Our team is also drawn to the dynamic culture Ryan offers and the ability to provide a more diverse offering of tax solutions to our clients.” 

Meanwhile, in Canada, Ryan earlier this week acquired Burgess Cawley Sullivan, a property tax consulting and real estate appraisal firm.