Ryan has confirmed that it is sunsetting the Catax brand and integrating the research and development tax specialist into the wider firm
Catax was acquired by the global tax services and software provider in March 2022 and will now be rebranded as Ryan, dropping the Catax name.
Catax, founded in 2009, with operations in London and Vancouver, has a team of over 120 staff providing specialist support for tax relief claims for more than 17,000 clients. Their cumulative claims have exceeded £585m over the past three years.
The integration of Catax’s commercial R&D and capital allowances tax reclaim services has enhanced Ryan’s capacity to support clients in the European market to achieve growth and obtain funding.
The Catax website has been rebranded as Ryan and has changed the web address to innovationfunding.com.
This means that Ryan will be able to offer expanded services for SMEs and larger businesses, including grants, R&D tax relief, capital allowances, patent box, and land remediation tax relief, from five UK offices.
‘The acquisition of Catax reaffirms our dedication to supporting our clients’ growth and innovation endeavours, ensuring they continue to thrive in an ever-evolving business landscape,’ said Jon C, Sweet, Ryan’s president of European and Asia-Pacific operations.
‘Over the past 18 months, it has enabled us to offer our customers access to a wide range of specialist R&D tax services, and we couldn’t be more excited to announce that Catax has officially become part of the Ryan brand.’
Ryan LLC is headquartered in the US and reported fee income of $916m (£716m) for financial year end 2022. In the UK it files under filleted accounts rules, and is estimated to have revenues of up to £5m. Ryan’s multidisciplinary team of more than 4,100 professionals and associates serves over 21,000 clients in more than 60 countries.