Co-Sourcing Tax Helps Private Equity Firm with the Heavy Lifting for Investments

Client Profile

Industry: Private Equity
Tax Department Employees 6
Funds Managed $60 billion
Geographic Footprint Offices in the U.S. & U.K. with international investments

Accountants working on computersIssue

A private equity firm with investments in more than 200 domestic and international portfolio companies needed to process more than 1,000 annual tax returns and more than 3,000 K-1 packages for investors. Even with a third-party tax preparer, the number of tax filings exceeded the bandwidth of the firm’s six-person tax department. Complicating matters, the firm’s management company restricted its ability to hire additional internal personnel.


CBIZ provided a customized tax department co-sourcing solution that assisted the firm with its filing requirements and adapted to meet the firm’s changing needs. What started with two CBIZ employees assisting the private equity firm’s tax department on an as-needed basis, became the equivalent of four full-time professionals almost doubling the size of the firm’s internal tax team.

CBIZ professionals helped with state, federal, and international tax reporting, including preparation and review of tax workpapers and quarterly investor estimates, withholding calculations and waiver collection, information gathering for international tax filings, FATCA, CRS, and FBAR compliance, and responses to tax notices. We also assisted with one-off projects and transaction analysis.


Through co-sourcing, the private equity firm met its filing requirements while also keeping overhead costs low and its management company happy. Additionally, co-sourcing freed up the internal tax department to focus on complex transaction analysis and planning.

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CBIZ MHM is the brand name for CBIZ MHM, LLC, a national professional services company providing tax, financial advisory and consulting services to individuals, tax-exempt organizations and a wide range of publicly-traded and privately-held companies. CBIZ MHM, LLC is a fully owned subsidiary of CBIZ, Inc. (NYSE: CBZ).

Co-Sourcing Tax Helps Private Equity Firm with the Heavy Lifting for Investments CBIZ helped a private equity company with its tax compliance requirements....2019-01-03T14:37:11-05:00

CBIZ helped a private equity company with its tax compliance requirements.

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