Maartensdijk, January 10, 2025
Practical | Excellence in Finance is proud to announce the acquisition of the activities of Total Compliance & Outsource BV (TCO). This strategic move marks a significant milestone in our ambition to further strengthen our services and better support our clients in today’s dynamic and complex financial world.
TCO, originally established by Loyens & Loeff, has built a strong reputation over the past 25 years as a specialist in payroll administration, tax advisory, and financial administration. The acquisition of TCO adds a new dimension to our services.
By integrating TCO’s extensive knowledge and experience into our service portfolio, we can further expand our advisory role and support our clients across more areas. A key benefit of this acquisition is the enhancement of our expertise in payroll administration. Thanks to TCO’s specialized knowledge in complex issues such as cross-border employment relationships, the management of international payrolls, and arrangements like the 30% ruling, we are better equipped to support our clients not only operationally but also strategically. This means we can go beyond traditional payroll administration to assist clients with legal and international HR challenges.
In the field of tax advisory, the integration of TCO represents a significant leap forward in a vision we have been working on for two years. TCO’s extensive expertise in national and international tax issues enables us to offer more than just compliance and tax filings. We focus on strategic tax advisory, guiding clients in optimizing their tax structures and managing financial risks. This approach not only helps in meeting legal obligations but also in leveraging tax opportunities and creating a solid financial foundation for the future.
Additionally, the acquisition enables us to play a greater role in supporting our clients with international tax obligations. TCO’s specialist knowledge of U.S. tax filings, both at the federal level and for individual states, opens new opportunities for clients dealing with cross-border tax issues. This strengthens our position as a partner for businesses and individuals operating globally.
Another important aspect of this acquisition is the enhancement of our capacity to provide even more proactive advice regarding reports, dashboards, and real-time decision-making. With a larger and more diverse team of experts, we can respond more quickly to our clients’ needs and guide them more effectively in achieving their goals. Our focus is not only on solving problems but also on identifying opportunities and helping develop strategies that contribute to the growth and sustainability of their businesses.
In addition to the substantive enhancement of our services, this acquisition also extends our reach. Alongside our existing locations in Amsterdam, Rotterdam, and Eindhoven, we are adding the Maartensdijk office, enabling us to better serve our clients in the central Netherlands. This integration underscores our ambition to always be close to our clients, both literally and figuratively.
We have carefully prepared this acquisition to ensure a smooth transition. Existing clients of Practical can continue to rely on their trusted contacts and the high-quality service they are accustomed to. At the same time, we remain focused on completing planned tasks, such as preparing annual accounts, in a timely manner. Moreover, we are leveraging the new knowledge and expertise brought by the acquisition to further develop our services and better support our clients.
With this acquisition, we strengthen our position as a leading and future-proof financial partner. By joining forces with Total Compliance & Outsource, we are elevating our services to the next level. We remain committed to quality, transparency, and innovation so that we can continue to support our clients in achieving their strategic goals, both now and in the future.
For questions about this acquisition or what it means for you, we invite you to contact us via info@practical.nl or by phone at 088-011 4000.
