The collaboration is set to leverage the strengths of both firms to deliver new solutions. Credit: TippaPatt/Shutterstock.

US-based accounting and business advisory HTL International has partnered with Texas-based public accounting practice TPS Thayer to enhance professional services and drive business growth.

The strategic collaboration, effective from 1 November 2024, will leverage the strengths of both companies to deliver new solutions and expand their market reach.

The partnership between HTL and Thayer will focus on enhancing operational efficiency and offer a wider range of professional services.

Through this collaboration, the companies aim to enhance their ability to better serve both domestic US businesses and foreign-owned enterprises.

HTL managing partner Jason Liu said: “This collaboration with Thayer represents an exciting step forward in our mission to provide unparalleled tax solutions to our clients.

“Together, we will combine our strengths, expertise and innovative approaches to create a stronger offering that meets the needs of our clients and for the markets we serve.”

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The collaboration will see Thayer’s audit partners including Jose Pena, May Huang, Faisal Siddiqui and Patrick Wong join HTL, along with professionals from its audit group.

HTL expects the move to enhance auditing services. Thayer will continue to offer its tax, accounting and consulting services.

Thayer managing partner John Thayer said: “We are thrilled to collaborate with HTL as we believe this business relationship will not only broaden our service capabilities but also open doors to new growth opportunities.

“Our shared values and commitment to innovation will enable us to deliver transformative solutions to our mutual clients.”

HTL, which has operations across several key international cities, is engaged in providing a wide range of professional services including advisory, auditing and consulting to clients in various industries.