Ryan LLC

Ryan LLC, based in Dallas, Texas, is a tax services and consulting firm.[3][4] Ryan LLC has more than 16,000 clients in over 50 countries.[5] The company has over 74 locations, including locations in Canada, the Netherlands, the United Kingdom,[6][7] India, Hungary,[8][9] and Australia.[6] Ryan LLC works with companies including 7-Eleven, the Kroger Company, Walmart Stores, and Johnson & Johnson.[10]

Ryan LLC
Formerly
Ryan & Company
IndustryConsulting, tax services
Founded1991
HeadquartersDallas, Texas
Key people
Revenueapprox. $500 million[1] (2017)
Number of employees
2,800[2]
Websitewww.ryan.com

History

Ryan LLC was founded by Chairman and CEO G. Brint Ryan[11] and Chris F. Collis as the CPA firm Collis & Ryan in 1991.[12][13] Collis' stake in the company was bought out in 1993, and Ryan became the majority shareholder and managing principal of the company, which was renamed Ryan & Company, P.C.[13] In 1997, the company began expanding into other tax areas beyond state and local taxes. During this time, the company also began to shift its focus to working with clients with annual revenues of $50 million or more.[14] In 1998, the company surrendered its CPA license and began practicing as a tax and consultation firm.[13]

Throughout the early 2000s, the company began expanding its operations outside of Texas by opening new offices through acquisitions.[15][16] By December 2006, the company had expanded to 28 locations throughout North America.[17] In October 2007, the company changed its name to Ryan LLC.[15]

In 2012, Ryan LLC acquired the TAARP Group, a tax and penalty review firm.[18] Since 2012, Ryan LLC has been included on the Inc 5000 list of fastest growing companies.[19] Ryan LLC acquired the property tax services business from Thomas Reuters in January 2013.[20] In November 2014, Ryan LLC announced its purchase of WTP Advisors, an independent tax services firm.[21][22]

Ryan purchased Taxaccord, a tax automation services firm, in January 2015.[23][24] In March 2015, Ryan LLC acquired Second Decimal, a tax technology firm.[25][26] Ryan LLC acquired EnerTax Consultants to expand its severance tax practice in September 2015.[27] In 2016, the company acquired Shiv Om Consultants, a firm known for consulting major gas and oil companies on severance taxes.[28] Ryan LLC reported a revenue of $469 million in 2016.[29]

In March 2017, Ryan LLC purchased land at the Legacy West development in Plano, Texas.[30] In January 2018, Ryan LLC acquired PetroTax Energy Holdings, an Austin-based tax consulting firm focusing on the refining, chemical, biofuels, and oil and gas mid and upstream sectors, and Scott B. Retzloff & Associates, a San Antonio-based commercial real estate firm.[29] In 2019, the company announced plans to move around 550 employees to the Legacy West development by 2023.[31]

In September of 2018, Ryan LLC became a founding member of the Massachusetts Institute of Technology's FINTECH @ CSAIL initiative created to advance technologies in the financial sector.[32]

In October 2018, Onex Corporation acquired a 42 percent interest in Ryan LLC, which valued the company at $1.1 billion.[5]

In December 2018, Ryan LLC acquired Denver-based Economics Partners, a global transfer pricing advisory, controversy and business valuation service. The same month, Ryan LLC acquired Paris-based VAT Systems, a tax specialty firm.[33]

In June 2019, Ryan, LLC became the "Official Tax Partner" of the Dallas Cowboys, which marks the first time in team history a business tax services firm has been granted this designation.[34] Later that year, Ryan, LLC became the "Official Tax Partner" of Conference USA (C-USA) and became the Title Sponsor for the C-USA Football Championship and the 2020 C-USA Basketball Championships.[35]

In July 2019, Ryan, LLC acquired AEC Property Tax, Inc., Canada's largest privately owned property tax consulting firm and its subsidiaries, AEC Valuation Advisory, Inc. and AEC SYMMAF Inc.[36]

In December 2019, Ryan, LLC announced the acquisition of state and federal payroll tax recovery firm SALT Payroll Consultants, a subsidiary of Pinpoint Recovery Solutions Corporation.[37]

Corporate affairs

The company formed a Workforce Effectiveness Committee to investigate an employee flexibility policy in 2006.[38] In 2007, the company launched myRyan, a results-focused work environment, as a pilot program in its Houston office. The company implemented the program through the entire company in 2008.[39][40] In 2013, Ryan LLC established the Culture Council, a team of employees from around the globe that review all internal and external employee feedback data in order to recommend change and improvement for the betterment of the business.[41]

Employees of Ryan LLC can contribute to political campaigns through Ryan PAC, a political action group formed by the firm in 2008.[42]

Litigation

In August 2014, the Governor's Office of Business and Economic Development prohibited site-selection consultants from taking a percentage of the California Competes tax credit, a tax break given to businesses planning on locating or expanding in the state. Ryan sued GO-Biz shortly after the agency implemented the tax credit ban, alleging the prohibition violates the state of California constitution.[43]

In 2014, Ryan LLC won a lawsuit against the IRS regarding Circular 230 rules on contingent fee arrangements that invalidates and permanently enjoins the IRS from prohibiting such arrangements for refund claims and amended returns. The district court ruled that the IRS did not have the statutory authority to place these restrictions.[44]

In 2017, Ryan LLC joined CIC Services, LLC in filing a lawsuit against the IRS to secure an injunction stopping IRS Notice 2016-66.[45] The notice required transactions of captive insurance companies to report more information on transactions. The case was dismissed in November 2017.[46]

Recognition

The company was included on The Dallas Morning News' Top 100 Places to work list for six straight years, from 2009-2014.[11] Ryan LLC was featured on the Working Mother list of 100 best companies in 2013, 2014 and 2016.[47][48][49]

In 2015, Ryan LLC made the Fortune list of 100 Best Companies to Work For and was ranked number 71 on the list in 2018.[50][51] In 2016, Fortune named Ryan LLC the best workplace for flexibility in the U.S. and ranked them among the Top 50 Best Workplaces for Recent College Graduates,[52] the 100 Best Workplaces for Millennials,[53] and the 100 Best Workplaces for Women.[54] In 2017, Ryan was named one of Fortune's 30 Best Workplaces for Consulting and Professional Services and one of the 100 Best Workplaces for Diversity.[55][56]

In 2018, Ryan LLC was again named among Fortune's 100 Best Companies to Work For,[57] and Best Workplaces for Women,[58] as well as Great Place to Work's Best Workplaces for Millennials[59] and Parents,[60] and the Best Workplaces for Consulting and Professional Services.[61]

Ryan LLC was named 21st of Glassdoor's Employee's Choice 2019 Best Places to Work.[62]

Also in 2019, Fortune named Ryan one of its Best Workplaces for Women and among its top 100 Best Companies to Work For in the United States.[63][64] Ryan LLC was also named as one of Great Places to Works Best Workplaces for Parents in 2019.[65]

In 2020, Ryan was included on the 2020 Fortune 100 Best Companies to Work For list for a third consecutive year.[66]

Philanthropy

Ryan LLC volunteers work with Habitat for Humanity and have built a neighborhood resource center as well as a family residence. The company received the 2012 Spirit of Habitat award for advocating and raising awareness of the program.[18] In 2013, Ryan offices sponsored outreach initiatives for 77 community organizations, including the American Red Cross, The Salvation Army Angel Tree, Ronald McDonald House Charities, and food and clothing banks and shelters.[67] As of 2016, the company offered employees 16 hours of paid volunteer time, and spent over $500,000 in philanthropic donations.[68]

COO Ginny Kissling serves on the Board of Directors for the North Texas Food Bank.[69]

gollark: ++remind 55m Remove exploits permitting rm -rf / in AutoBotRobot. You have 5 minutes.
gollark: ++remind 1h08m No.
gollark: ++remind 1h15m No.
gollark: ++remind 1h25m Unununununstop Contingency Epsilon.
gollark: ++remind 10/05/2020 past !

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