ADP to Acquire MasterTax
MasterTax’s services range from the in-house deployment of its tax filing software to the complete outsourcing of the payroll tax function through MasterTax Services.
As such, the addition of MasterTax will enhance the depth, breadth and reach of ADP's tax and compliance offering with greater flexibility to respond to client needs. The terms of the transaction were not disclosed.
Richard Warneka, president of MasterTax, said: “For more than a decade, MasterTax has achieved steady, consistent growth due to its proven expertise in payroll tax compliance, its commitment to customer service excellence and its best-in-class payroll tax filing software.
“Going forward, we are convinced that MasterTax will be better positioned to thrive and realize its full future growth potential as part of ADP, an organization with tremendous scale, assets and synergistic expertise in the payroll tax and compliance arena.”
Kathy Amooi, senior division vice president and general manager for tax and financial services at ADP, said: “ADP’s acquisition of MasterTax underscores our commitment to offering the broadest, most comprehensive payroll tax and compliance offering in the market.
“We look forward to leveraging our combined expertise in tax and compliance services, as well as introducing MasterTax’s clients to ADP’s broad offering of proven solutions.”
Will the acquisition benefit ADP?
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