FORT
WORTH, Texas, July 12,
2024 /PRNewswire/ -- Source Advisors, a premiere
specialty tax consulting firm in Fort
Worth, TX, recognized for its expertise in R&D Tax
Credit, State & Local Tax, Cost Segregation, §179D, §45L, and
LIFO inventory solutions, has announced the strategic acquisition
of United Paramount Tax Group (UPTG), a leading firm specializing
in real property tax reduction services and business personal
property tax management. This acquisition enhances Source Advisors'
portfolio by adding a vital service line tailored to meet the
complex needs of property owners nationwide. This partnership is
expected to set a new standard in the industry for comprehensive,
client-focused tax advisory services.
The acquisition comes at a time when businesses are increasingly
seeking strategic tax guidance to navigate the complexities of the
economic landscape. By combining their strengths, Source Advisors
and UPTG are poised to offer unparalleled tax savings solutions and
innovative strategies that can significantly impact client
outcomes.
Chris Henderson, CEO of Source
Advisors, highlighted the strategic alignment, stating, "The
acquisition of UPTG is a significant addition to our service
offerings. We recognize the challenges property owners face in
managing their property taxes. With UPTG's expertise and proven
track record in reducing tax burdens, we are now positioned to
support our clients in this critical area. This partnership will
integrate our capabilities and extend our reach, providing a
one-stop solution for all tax-related needs."
Chad Blacklock, CEO of UPTG,
shared, "We are excited to bring our property tax management
expertise to Source Advisors. Our experience in representing
property owners and ensuring equitable taxation complements Source
Advisors' comprehensive tax services. Together, we will create
significant value for our clients, enhancing their profitability
and simplifying the complexities of tax management."
The synergy between Source Advisors and UPTG will offer clients
of both firms a more robust and complementary suite of tax services
for property owners including Cost Segregation, §45L and §179D.
ABOUT SOURCE ADVISORS
Source Advisors has helped CPA firms and their clients maximize
specialized federal and state tax incentives for more than four
decades. Headquartered in Fort Worth,
TX, Source Advisors collaborates with accounting firms
throughout the country to bring R&D Tax Credit, Cost
Segregation, State and Local Tax, automated R&D platform,
GOAT.tax, LIFO, §179D, and §45L solutions to their clients. With a
global team of more than 280 professionals, Source Advisors serves
many of the most prominent accounting firms, associations, and
Fortune 1000 companies and has earned a reputation for delivering
exceptional results for its clients. Source Advisors has been
backed by Boston-based BV
Investment Partners since 2022. For more information,
www.sourceadvisors.com.
ABOUT UNITED PARAMOUNT TAX GROUP
United Paramount Tax Group has been a formidable presence in the
tax industry since 1996, advocating for fair taxation for property
owners. United Paramount Tax Group is a full-service property
tax consulting firm maximizing tax savings nationwide. Their
services are crucial for those who have previously navigated
property tax management alone or are seeking expert representation
to enhance their financial outcomes. For more information,
www.uptg.com
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SOURCE Source Advisors