Source Advisors announced the appointment of Tim Whipple as its new Chief Executive Officer. Tim will take over as Chris Henderson assumes the role of Chairman of the Board after an extraordinary 21 years of service and leadership.  

Tim Whipple brings a wealth of financial, commercial, and operational expertise to Source Advisors. Most recently, Tim served as an Executive Partner at Sixth Form Partners, where he evaluated various investment opportunities and where he continues to serve as an Operating Advisor to the firm. Previously, he was CEO at the Mintz Group, a global professional services firm focused on investigative research and background checks. During his 13-year tenure, Tim professionalized the company, built key functions, expanded service lines and drove international expansion.  In his tenure, the business experienced remarkable growth, achieving significant returns for shareholders.  In addition to driving scale and professionalization, Tim oversaw multiple successful equity refinancings and cross-border acquisitions.  

“Tim’s proven track record of building and leading organizations makes him the ideal leader for Source Advisors’ next phase of growth,” said Chris Henderson. “We are confident that his vision and experience will drive continued success for our clients and our team.” 

“I am truly honored to join Source Advisors,” said Tim Whipple. “I am excited to collaborate with this seasoned and talented team as we build on the company’s strong foundation and pursue new opportunities for innovation and growth both for our company and employees.” 

Tim’s dynamic leadership style will be critical as the Source Advisors continues to empower businesses and professional partners with specialized tax credit and incentive solutions that optimize savings and cash flow. 

ABOUT SOURCE ADVISORS 

Source Advisors has helped CPA firms and their clients maximize specialized federal and state tax incentives for more than four decades. Headquartered in Fort Worth, TX, Source Advisors collaborates with accounting firms throughout the country to bring R&D Tax Credits, Cost Segregation, Sales and Use Tax, automated R&D platform, GOAT.tax, Property Tax, LIFO, §179D, and §45L solutions to their clients. With a global team of more than 280 professionals, Source Advisors serves many of the most prominent accounting firms, associations, and Fortune 1000 companies and has earned a reputation as a trusted tax incentive solution partner and recognized for delivering unmatched expertise and client experience. Source Advisors has been backed by Boston-based BV Investment Partners since 2022. For more information, www.sourceadvisors.com 

Fort Worth, TX – July 24, 2024 – Source Advisors announced that it has been recognized by the U.S. Environmental Protection Agency (EPA) with a 2024 ENERGY STAR® Market Leader Award for its contribution to verifying energy-efficient new homes and apartments that earned ENERGY STAR certification.

An ENERGY STAR partner since 2020, Source Advisors verified more than 150 ENERGY STAR certified homes and apartments, helping to reduce carbon dioxide emissions by 230.65 metric tons and achieving 224,813 kWh of annual electric savings.

In 2023, ENERGY STAR partners constructed more than 190,000 ENERGY STAR certified homes and apartments, representing more than 12% of all U.S. homes built. This work helped Americans save more than $600 million in energy costs and helped to avoid 4 million metric tons of greenhouse gas emissions.

“This award is a testament to our dedication to promoting energy efficiency in new homes and apartments” said Imran Syed, Managing Director of Energy Services at Source Advisors. “We are honored to be a part of the ENERGY STAR program and look forward to continuing to make a difference in the years to come.”

“We congratulate our Market Leader Award winners for their continued leadership in bringing energy efficiency to the forefront of the residential new construction sector,” said Jonathan Passe, manager of EPA’s ENERGY STAR Residential Branch. “These partners have truly made a significant positive impact in energy-efficient construction and environmental protection over the past year.”

For three decades, ENERGY STAR certified new homes have set the standard for quality, efficiency, and lasting value. These homes meet strict requirements set by the EPA, adhere to tried-and-true best-building practices, and are third-party tested, inspected, and certified. The result is a home that is at least 10 percent more efficient than typical new construction while delivering improved comfort, durability, and indoor air quality.

Fort Worth, TX – July 1, 2024, Source Advisors, a premiere specialty tax consulting firm in Fort Worth, TX, recognized for its expertise in R&D Tax Credit, State & Local Tax, Cost Segregation, §179D, §45L, and LIFO inventory solutions, has announced the strategic acquisition of United Paramount Tax Group (UPTG), a leading firm specializing in real property tax reduction services and business personal property tax management. This acquisition enhances Source Advisors’ portfolio by adding a vital service line tailored to meet the complex needs of property owners nationwide. This partnership is expected to set a new standard in the industry for comprehensive, client-focused tax advisory services.
The acquisition comes at a time when businesses are increasingly seeking strategic tax guidance to navigate the complexities of the economic landscape. By combining their strengths, Source Advisors and UPTG are poised to offer unparalleled tax savings solutions and innovative strategies that can significantly impact client outcomes.

Chris Henderson, CEO of Source Advisors, highlighted the strategic alignment, stating, “The acquisition of UPTG is a significant addition to our service offerings. We recognize the challenges property owners face in managing their property taxes. With UPTG’s expertise and proven track record in reducing tax burdens, we are now positioned to support our clients in this critical area. This partnership will integrate our capabilities and extend our reach, providing a one-stop solution for all tax-related needs.”

Chad Blacklock, CEO of UPTG, shared, “We are excited to bring our property tax management expertise to Source Advisors. Our experience in representing property owners and ensuring equitable taxation complements Source Advisors’ comprehensive tax services. Together, we will create significant value for our clients, enhancing their profitability and simplifying the complexities of tax management.”

The synergy between Source Advisors and UPTG will offer clients of both firms a more robust and complementary suite of tax services for property owners, including Cost Segregation, §45L and §179D.

FORT WORTH, TX – Source Advisors, a premier specialized tax consulting firm offering R&D Tax Credit, Cost Segregation, §179D, §45L, and LIFO (Last-in-First Out) inventory solutions, announces the acquisition of PMBA, a leading business asset recovery and state and local sales tax consulting firm based in New York. Source Advisors’ consultative and customer centric approach helps CPA firms and their clients navigate the evolving tax laws that govern tax incentives. With the additional offering of state and local tax, the acquisition empowers Source Advisors to provide its clients with a full-service suite of tax incentive solutions at the global, federal, and state levels.

Chris Henderson, the CEO of Source Advisors, said: “We are thrilled to welcome PMBA into the Source Advisors family. This acquisition reinforces our ability to continue to provide best-in-class tax advisory services and marks a milestone in our growth strategy. For over 40 years, Source Advisors has been a trusted advisor to both our CPA partners and Fortune 1000 clients alike. We are confident that the addition of business asset recovery and state and local tax service lines will allow us to better serve our clients’ comprehensive needs.”

CEO & Managing Director of PMBA, Chris Vignone, commented: “We are thrilled to be joining forces with Source Advisors and are eager to build on our strengths and drive value for our collective clients. We believe Source Advisors clients and CPA network will benefit tremendously from the new service lines and our team’s extensive experience in state and local tax. We are also excited to combine our talented R&D practice with Source Advisors’ industry-leading team.“

Both firms will maintain their individual brands during the transition phase until full integration is achieved. District Capital Partners served as the financial advisor to Source Advisors for this transaction.

FORT WORTH, TX—APRIL 3, 2023 – Source Advisors, a specialized tax consulting firm offering nationwide R&D Tax Credit, Cost Segregation, LIFO inventory, §179D, and §45L solutions, announces its global expansion plans with the strategic acquisition of GovGrant, a prominent U.K.-based research and development (R&D) tax credit consulting firm.

With a focus on tax incentives, cost recovery, and energy management, Source Advisors has become a trusted industry leader in tax consulting for over 40 years. The company has delivered outstanding results for clients across a wide range of industries and has established itself as a steadfast and innovative firm.

As part of its global expansion strategy, Source Advisors has acquired GovGrant, a premier R&D tax relief consulting firm in the United Kingdom. GovGrant is renowned for its comprehensive R&D tax relief services and Intellectual Property consultancy and has earned an excellent reputation in the industry. Its proven track record and extensive experience make it an ideal partner for Source Advisors.

“We are excited to enter this new chapter of our growth story,” said Chris Henderson, CEO of Source Advisors. “We remain committed to providing unparalleled service and support to our clients worldwide. The acquisition of GovGrant enhances our ability to offer solutions to businesses globally, strengthening our position as the leader in specialty tax consulting.”

Luke Hamm, CEO of GovGrant, said, “This acquisition with Source Advisors will provide GovGrant the platform for exponential growth and allow us to accelerate both our organic and inorganic strategy. The U.K. is seen as a key territory, and we are fully aligned with Source Advisors in our commitment to quality, ambition, and culture. We are delighted to be
joining the team.

Together, Source Advisors and GovGrant will continue to provide unique expertise, tailored solutions, and stellar client service. They will work closely to ensure a smooth transition for their clients and employees as they expand their reach worldwide.

BOSTON, April 6, 2022 – BV Investment Partners (BV), a middle-market private equity firm focused on the tech-enabled business services, software and IT services sectors, announced today that it has made a majority investment in Source Advisors, a market leading specialty tax consulting firm focused on the SMB market.

Founded in 1983, Source Advisors is a market leading specialized tax consulting firm providing R&D Tax Credits, Cost Segregation, §179D, §45L, and LIFO inventory solutions to clients across a range of industries and geographies. The company provides a comprehensive solution suite to its customers through a combination of highly technical consulting and proprietary software tools. The company is headquartered in Fort Worth and has over 150 employees.

FORT WORTH, TX – Source Advisors, a market leading tax consulting firm providing R&D Tax Credit, Cost Segregation, §179D, §45L, ERC and LIFO inventory solutions nationwide for more than 38 years, has launched GOAT.tax, an automated research & development tax credit SaaS platform to service clients across a variety of industries.

With over 50 dedicated R&D tax credit professionals ready to provide support, GOAT.tax takes all the guesswork out of a complex tax incentive by offering an easy-to-use, self-guided experience along with payroll system integration. Their SmartCreditEngine crunches the numbers to make sure each company gets their maximum tax benefit.

“We are thrilled to be able to bring this automated software to the market. Launching GOAT.tax gives smaller businesses and start-ups the opportunity to learn about their eligibility for the R&D tax credit. GOAT.tax will service industries and companies that previously overlooked the possibility of claiming the R&D tax credit due to more limited research expenses. The SaaS platform compliments our current Source Advisors R&D tax credit practice, which will continue to provide best in class service to larger clients that want a more consultative approach,” said Chris Henderson, President of Source Advisors.

For more information on GOAT.tax visit www.goat.tax or email info@goat.tax.

FORT WORTH, TX – Source Advisors, a leading specialized tax consulting firm providing R&D Tax Credit , Cost Segregation, LIFO inventory, §179D and §45L solutions nationwide for more than 38 years, has joined forces with Bedford Cost Segregation, an independent professional services firm specializing in cost segregation and innovative tax and energy solutions for the commercial real estate industry.

“Bedford’s exceptional client focus and reputation in the industry align perfectly with our core values of trust, integrity, and client service,” said Chris Henderson, President of Source Advisors. “We are excited to further extend our national presence and unparalleled technical leadership with this combination.”

Greg Bryant, Managing Partner of Bedford said, “this merger amplifies and accelerates our strategic goals for growth, in direct response to our clients’ needs. Since the leadership at Source has been well known to Bedford, we could not think of a better firm with whom to partner.  Our respective approaches to business and client satisfaction are closely matched.”