WOLTERS KLUWER S/ADR - WTKWY STOCK NEWS

Wolters Kluwer Compliance Solutions will host a webinar on December 7, 2021, from 3-4 PM EST, focusing on the new U.S. cryptocurrency tax reporting rules established by the Infrastructure Act. The legislation requires IRS Form 1099-B for digital asset transactions starting in 2024. Experts, including Stevie Conlon and Anna Vayser, will discuss the implications for brokers and financial institutions, emphasizing compliance with tax reporting protocols in the evolving financial landscape.

Wintrust Financial Corporation (NASDAQ: WTFC) and Armed Forces Bank received the 2021 Community Impact Award at the CRA & Fair Lending Colloquium held on November 16-17. This recognition is for their innovative programs aiding low- and moderate-income communities. Wintrust's PPP Resource Centers helped over 1,000 businesses secure $17 million in loans during the pandemic. Meanwhile, Armed Forces Bank's Access Loan Program has supported 4,300 military families with immediate financial needs, showcasing effective banking solutions that positively impact community welfare.

Wolters Kluwer Legal & Regulatory U.S. has announced enhancements to its Kluwer Arbitration Practice Plus (KAPP) platform, including an upgraded Arbitrator Tool and a new Relationship Assessment Tool. These features utilize AI and machine learning to provide arbitration professionals with comprehensive data on arbitrators, including appointment histories and potential conflicts of interest. David Bartolone emphasized the importance of choosing the right arbitrator, and Jan K. Schäfer welcomed the tools for enhancing transparency in international arbitration. The updates aim to empower users to make informed decisions and improve success rates.

Wolters Kluwer Tax & Accounting reviews the IRS 2022 inflation adjustments, highlighting significant increases in various tax provisions. Individual tax rates will see a notable rise, with the top 10% rate cap increasing to $10,275 and the top 37% bracket starting at $647,850. The standard deduction for singles rises to $12,950, while joint filers will benefit from a $25,900 deduction. Furthermore, the estate tax unified credit will increase to $12,060,000 and 401(k) contribution limits will rise to $20,500. Overall, these changes may result in lower taxes for many taxpayers in 2022.