Aluf Holdings Acquires Leading Virtual Tax, Accounting, and Advisory Firm

Aluf Holdings is building its Business and Financial Solutions Division to expand revenue and establish a global portfolio of scalable enterprises through selective acquisitions and managed expansion.

FREMONT, CA: Tax Preparation is a tedious and intricate process. It demands a thorough examination of an organization's financial activity for a specified period and the compilation of all bills and related documents for tax computation. Aluf Holdings disclosed that it is pressing ahead, setting the framework for its Business and Financial Solutions Division, which aims to increase its income and construct a global portfolio of scalable enterprises. By strategic acquisitions and managed expansion. Through strategic acquisitions and managed expansion, our network of enterprises will offer a wide variety of white-label, back-office, and business creation solutions while simultaneously enabling cross-selling and synergistic collaboration opportunities. As a result, the company is acquiring and/or forming partnerships with other technology and professional services companies. Rapid Tax USATS, slated to be acquired on December 30, 2022, will be the first addition to the Financial Services portfolio.

Rapid Tax USATS, currently operated by family-owned Tax Partners USA, LLC as a d/b/a, began operations in South Florida in January 2016. Since its establishment, Rapid Tax USATS has provided tax preparation and other professional services locally and nationwide, both digitally and in person. Currently, the company's services consist of 12 percent bookkeeping/accounting, 68 percent individual tax, and 20 percent business tax and advising, with tremendous expansion potential. With tax season rapidly coming, the company will immediately undertake rebranding, website upgrades, and marketing to surpass its 2023 revenue projections.

During the second half of 2018, including the appointment of Sam Jakobs as CEO, Aluf achieved significant strategic growth milestones by identifying additional solid acquisition targets, three of which are scheduled to close between December 30, 2022 and the first quarter of 2023: Rapid Tax USATS, BizzUniverse, Inc., and BizzShield Pro, Inc. As they continue to move the company from de minimis revenue to sustainable growth and profitability on several fronts, the next few months will provide extraordinary outcomes.

Aluf Holdings is a publicly traded holding company based in Fort Lauderdale, Florida that acquires, operates, and manages subsidiary companies engaged in developing and marketing proprietary software and technology solutions. Our primary objective is to expand and diversify the company through smart and managed growth and acquisitions. Our primary focus is on the biometrics, software, and hardware industries.

Tax Partners USA, headquartered in Davie, Florida, and doing business as Rapid Tax USATS, offers individualized virtual tax, accounting, and business advising services to corporations, small enterprises, and high-net-worth individuals throughout the nation. Rapid Tax USA's skilled staff focuses on the individual personal and corporate demands of each customer and provides them with personalized solutions to achieve their objectives.

BizzUniverse SM is a technology company that enables people, entrepreneurs, business owners, community organizations, and other groups to fulfill their goals and attain greater levels of success through its technology-based networking and business development platform.

Bizz Shield ProSM provides cost-saving discount programs that assist individuals and families in proactively managing their healthcare expenditures and gaining control over other obligations that can substantially influence their financial future. The Bizz Shield ProsSM benefit portal provides simple access to cheap benefit plans and uniquely enables highly driven individuals to produce recurring revenue streams through the Associate Sales Representative Program. Bizz Leads ProSM, a superior lead-generating system with access to top-tier products and services as well as a National Associate Network, may exponentially improve the growth potential of associates who are success-driven. Bizz Shield ProSM is the parent company of Bizz Leads ProSM.

See Also : Top Tax Advisory Services Companies in Canada