Latest Arnsco News
Oct 23, 2015
16 October 2015 Business services provider Optionis today announced that it has acquired tax rebate solutions specialist, Arnsco. The deal is the fifth takeover to be completed by the Cheshire-headquartered firm in the past two years, and follows December's acquisition of London-based tax specialist Brian Alfred Associates . Established in 2002, Arnsco specialises in processing tax returns for Construction Industry Scheme (CIS) and Pay-As-You-Earn (PAYE) workers. Following the acquisition, the Arnsco brand will be maintained and will sit within Optionis’ SME division, ClearSky Business, led by Robert White, the newly appointed Managing Director of SME. Mr White commented: “We are committed to building our presence in the tax rebate solutions market, as part of our strategy to build on and extend the services offered to SMEs and their employees.” “Arnsco’s expertise in providing tax and accountancy services, when sitting alongside our recent Brian Alfred acquisition, means that we are well placed to deliver a market-leading tax return service to CIS construction workers and other PAYE-based employees.” As well as ClearSky Business, the group is home to Parasol and ClearSky Contractor Accounting. Between them, the latter two divisions provide support to tens of thousands of contractors and freelancers every year. Group turnover for 2014/15 was £314 million.