Aimbridge Hospitality has partnered with Ryan, a global tax services and software provider, for a transaction tax compliance outsourcing solution for its sales, use and hotel occupancy tax function. The partnership ensures access to Ryan as a strategic global tax services firm, while providing Aimbridge with support for complex hotel occupancy tax (HOT) compliance needs.
Ryan delivers an integrated solution utilizing a proprietary technology platform and leveraging compliance expertise across a multitude of taxing jurisdictions, according to the company. With a dedicated team, Ryan will support Aimbridge’s hotel operations across the U.S. and increase efficiency in ensuring compliance with evolving regulatory updates by taxing authorities while helping provide data transparency to its hoteliers.
“Ryan prides itself on tackling complex tax issues in a variety of sectors, utilizing our deep bench strength of local experts and technology capabilities to ensure our clients pay only the tax owed,” said Damon Chronis, president, U.S. operations, Ryan. “In today’s challenging hospitality climate, maintaining compliance as a taxpayer in good standing is paramount. We are dedicated to going above and beyond to serve as a valuable extension of the Aimbridge tax function team.”
The two companies are collaborating to develop a solution that iincludes filing and remittance of tax payments generated through use of automation that Ryan developed and tailored to Aimbridge’s operations. Data aggregation, transformation and preparation of transaction tax returns are all performed in an efficient manner, with additional services like notice management, audit support and data visualization incorporated as part of the HOT return compliance solution.
“As Aimbridge continues to raise the bar on our commitment to service excellence, we expect Ryan will accelerate our efforts based on their expertise,” said Drew Leavitt, chief accounting officer, Aimbridge Hospitality. “Every day we strive to become the most trusted operator in the industry; our partnership with Ryan is another way we’re proving that promise out as it allows us to leverage a team of highly capable tax professionals at scale for critical compliance work, just one of the many comprehensive services we provide to owners to drive performance at each and every hotel we manage.”
