Global Tax Management Acquires DuCharme, McMillen & Associates’ State Income Tax Practice

Wayne, PA-based corporate tax services firm Global Tax Management has acquired the state income tax practice of DuCharme, McMillen & Associates, a corporate tax services firm headquartered in Fort Wayne, IN.

Financial terms of the deal weren’t disclosed.

As part of the deal, GTM and DMA have entered into a strategic alliance, reinforcing their commitment to delivering income tax services to their clients. The acquisition complements GTM’s existing income tax practice and provides growth opportunities for personnel from both firms. The strategic alliance also furthers DMA’s ability to serve clients’ income tax needs and formalizes an established relationship between GTM and DMA that has been present for many years, the firms said.

DMA’s state income and franchise tax practice serves large, multinational corporations, particularly in state income tax compliance, revenue agent reports, and advisory work. As part of GTM, the team will help streamline tax processes, ensure compliance with state regulations, and provide strategic advice on multistate compliance, amended returns, and tax strategy optimization while offering expert support during audits.

“We are very excited to welcome the DMA state income tax practice to our firm. We know the team will thrive in our environment, with highly regarded, supportive service lines such as federal and international income tax practices,” GTM CEO Dave Sekula said in a statement.

“DMA is excited to form this strategic alliance with GTM. Our clients will now have access to a full suite of direct tax services, including state and federal income tax solutions through GTM,” added Dan Hutmacher, president and CEO of DMA. “This alliance strengthens DMA’s ability to provide comprehensive support and better serve the needs of our clients, and it will allow us to continue to work with a group of exceptionally talented and experienced professionals who have served our company and our clients as DMA employee-owners so well over the years.”

DMA has operated an employee stock ownership plan (ESOP) since 1994, the firm says on its website. GTM formed an ESOP in 2007, and it became 100% employee-owned in 2010, according to the firm’s website.

Core services that GTM provides include tax provision, income tax compliance, international tax, transfer pricing, sales and use tax, property tax, tax automation, tax training, tax credits and incentives, and tax consulting and planning. It is a top 100 firm in the U.S. based on revenue, according to INSIDE Public Accounting.

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