True Partners Consulting Achieves New Global Expansion
Rapidly growing firm continues momentum in Hong Kong, Singapore and the Netherlands
CHICAGO—October 16, 2009—True Partners Consulting LLC today announced that True Partners Consulting International (TPCI) Network, an association of tax consulting firms in select markets around the world, has reached an agreement with three new affiliates.
The three new member firms from Hong Kong, Singapore and the Netherlands, respectively, will join TPCI’s growing affiliates’ network. The affiliates, which will be identified as “Member Firms of the True Partners Consulting International Network”, are as follows:
• Michael Yam & Company (Hong Kong),
• HLS Tax Advisory Services Pte Ltd. (Singapore), and
• Brandt & Partners Belastingadviseurs B.V. (The Netherlands).
“We continue to build our network of international affiliates in an effort to provide worldwide tax solutions to the myriad tax issues confronting clients involved in international trade,” said Cary McMillan, chief executive officer of True Partners Consulting. “All of these areas—Hong Kong, Singapore and the Netherlands—are important financial centers in their respective hemispheres, and many of our clients have business interests in these vital areas.”
The three new member firms of the True Partners Consulting International Network will help clients choose and establish the most tax-efficient operating structure in the respective countries, according to McMillan.
Led by Allan Yu, Michael Yam & Company was started in 1975 by Michael Yam, who upon realizing that the accounting standards in Hong Kong varied from those of any major financial firms and/or fell short of an acceptable level, seized the opportunity to provide improved accounting and auditing services at a reasonable fee level in Hong Kong. The firm has grown from two employees to approximately 40 since that time and has approximately 700 clients in the corporate, multinational and private sectors, as well as professional partnerships.
Michael Yam & Company operates an extensive tax practice with expertise in all areas of Hong Kong tax, as well as regional and international tax planning. Locally, the firm is involved in all types of tax compliance, audit defense, and planning. Internationally, the firm provides transaction planning and entity structuring services, as well as transfer pricing, expatriate taxation, and all other types of international tax planning.
Founded in 1974, HLS Tax Advisory Services Pte Ltd is the tax arm of Heng Lee Seng & Co, and a medium-sized firm of Certified Public Accountants dedicated to serving the needs of high growth businesses, multinational corporations and individual taxpayers. The firm offers a full range of tax services, including all forms of local tax compliance, review and planning for international business structures and financing, property tax, and goods and services tax. In addition, the HLS group provides corporate secretarial and general business advisory, as well as auditing and accounting services. Each partner is registered with the Accounting & Corporate Regulatory Authority (ACRA) and is a practicing member of the Institute of Certified Public Accountants of Singapore (ICPAS).
The founder, Heng Lee Seng, was a former Council Member of ICPAS and a member of the Inquiry Panel of the Public Accountants Board established by the government to regulate the practice of public accountants in Singapore.
Brandt & Partners Belastingadviseurs B.V. is led by Managing Director Kim Brandt. Located in Amsterdam, the firm provides a variety of national and international tax issues expertise to clients largely in the corporate sector, but also private. Brandt previously helped launch the True Partners Consulting office in London in April 2008 as one of its founding Managing Directors. A year later, he returned to Brandt & Partners Belastingadviseurs B.V. and began establishing it as the True Partners Consulting affiliate in The Netherlands. A member of the Dutch Order of Tax Consultants (Nederlandse Orde van Belastingadviseurs) and the International Fiscal Association (IFA), Brandt regularly leads presentations about Dutch tax issues.
Through True Partners Consulting International, a network of independently owned tax advisory firms, True Partners Consulting also has affiliated member firms with headquarters in the following cities: Paris; Turin, Italy; Barcelona, Spain; Beijing and Hong Kong, China; Singapore; and Munich, Germany. Its first wholly owned office outside the United States is located in London and named True Partners Consulting (UK) LLP.
For more information, visit http://www.hlsco.com about HLS Tax Advisory Services Pte Ltd and http://www.brandtenpartners.nl about Brandt & Partners.
About True Partners Consulting LLC
True Partners Consulting is a world-class tax and business advisory firm that helps large public and private enterprises navigate complex financial regulations without the Sarbanes-Oxley created conflicts inherent in offering both tax consulting and audit services. The firm provides a broad range of services, including analysis and counsel concerning the tax impact of business issues such as organic or acquisition-driven growth, filing practices, business restructuring or bankruptcy. The firm also conducts refund reviews, analyzes clients’ tax exposure and prepares responses to audit inquiries, in addition to helping clients address compliance issues.
The firm has offices in Chicago; New York; Los Angeles; San Jose, Calif.; Tampa, Fla.; Boston; and London. There are also member firms with headquarters in the following cities: Paris; Turin, Italy; Barcelona, Spain; Beijing and Hong Kong, China; Singapore; Munich, Germany; and The Netherlands; through the True Partners Consulting International Network.