Source Advisors, a specialty tax consultant based in Forth Worth, plans to take its software tools to the next level with a majority investment from BV Investment Partners, a private equity firm focused on the tech-enabled business services, software and IT services sectors.
Using highly technical consulting and proprietary software tools, Source Advisors helps small and medium-sized businesses with specialized tax needs, such as research and development tax credits, cost segregation, Section 179D, Section 45L and LIFO inventory solutions. The company was founded in 1983 and has more than 150 employees.
“Source Advisors has developed a nearly 40 year track record of delivering superior client service and built a network of more than 850 CPA partner firms who refer and offer Source’s tax solutions to their clients,” Jason Kustka, managing director of BV Investment Partners, said in a statement.
Source Advisors President Chris Henderson said in a statement that his team looks forward to working with BV to strengthen its data-driven, technology-enabled offerings.
“Source Advisors has a history of utilizing a powerful combination of technical experts and technology to eliminate guesswork and allow companies to claim the tax credits they deserve,” he said. “Given BV’s long track record of investing in technology-driven companies, we plan to further expand our ability to leverage proprietary technology to enhance tax saving strategies across the Source Advisors platform, including the recently launched GOAT.tax automated R&D Tax Credit platform.”