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Accountax acquired by Abbey Protection plc

Accountax, an accountancy, tax and employment law consultancy, has been bought by Abbey Protection plc, a supplier of legal and professional fee insurance products and services. An initial £4.4 million in cash is due on completion, and if Accountax meets operating targets a further £1.85 million will be paid at the end of next year.

Milton Keynes-based Accountax has a team of 40 people operating through Accountax Consulting, Accountax UK and Accountax Law. Its services include advising businesses involved in IR35 and tax status disputes with HM Revenue & Customs, marketing for audit practices and promoting employment law franchises to accountants and other organisations.

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