Private Equity Firm Tax Co-Sourcing Doesn't Miss a Beat During COVID-19

Client Profile

Industry: Private Equity
Ownership Structure: Complex tiered partnership
Geographic Footprint: International
Assets Managed: $45 billion
Number of Employees: 1,000

A private equity firm with domestic and overseas offices suddenly had to close its doors at the onset of the COVID-19 pandemic while in the midst of a complicated tax filing deadline. Communication and availability of key team members immediately became a major concern when the firm could no longer hold daily face-to-face conversations or maintain an in-person presence.


CBIZ has been providing co-sourced tax department support for several years, which included 10 full-time professionals working on-site at the PE firm. In addition to continuing the tax support, we created virtual weekly management meetings to analyze how emerging opportunities could benefit the PE firm. We also scheduled internal meetings to evaluate day-to-day workload of team members and created an internal schedule of deadlines in various office locations to ensure compliance obligations were not overlooked during the disruption.

We leveraged best practices from within our organization, such as the use of VPN and remote desktop capabilities to ensure remote work was completed securely, and encouraged video calls to maintain a normal cadence of work.


The array of support CBIZ provided, from our technical tax expertise to establishing best practices for communications on deliverables and status updates enabled a smooth continuation of service during the government-mandated shutdown.

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Private Equity Firm Tax Co-Sourcing Doesn't Miss a Beat During COVID-19Staying Connected in Crisis2020-11-18T18:00:00-05:00

Staying Connected in Crisis

Risk MitigationAccounting Advisory & OutsourcingFederal TaxNo