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Wolters Kluwer (WTKWY) is a global leader in digital knowledge solutions and cloud software for tax, finance, accounting, and legal professionals. With offerings like the SAP Document and Reporting Compliance solution integrated with the CCH SureTax solution, Wolters Kluwer helps multinational companies manage U.S. tax filing obligations efficiently. The company serves customers in over 180 countries and reported 2022 annual revenues of €5.5 billion.
Wolters Kluwer Tax & Accounting discusses state tax deduction limits stemming from the Tax Cuts and Jobs Act of 2017, highlighting attempts by various states to help residents maximize state and local tax benefits.
The article emphasizes Connecticut's pioneering legislation allowing pass-through entity taxation while detailing challenges in other states regarding planning and compliance. The IRS has indicated support for such measures, but varying state laws create complexity for businesses. Legislative changes may affect these workarounds, particularly with a potential expiration of the federal deduction limit after 2025.
Wolters Kluwer will host the TeamMate Live 2021 virtual conference from September 20-22, focusing on agile audit practices. The event will connect audit professionals globally to discuss the transformation of internal audit through digital and analytical strategies. Keynote speaker Tom Wujec will address building high-performing teams. The conference includes over 40 sessions covering industry trends and best practices, emphasizing the need for internal audit teams to deliver greater value amidst emerging risks.
Wolters Kluwer Tax & Accounting has launched a library of Audit Data Analytics Resources to assist CPA firms in transitioning from traditional audit methods to real-time transaction analysis. This initiative aims to enhance audit quality and efficiency, offering resources developed by auditors for auditors, including blogs and video testimonials. The TeamMate® Analytics solution simplifies audit automation, reportedly reducing audit test times by up to 90%. Wolters Kluwer, a global leader in professional services, recorded €4.6 billion in revenue in 2020.
Wolters Kluwer highlights recent CDC recommendations for additional COVID-19 vaccine doses for immunocompromised individuals and the White House's suggestion for a booster shot eight months after the second dose. Kristen Nichols, a pharmacist, emphasizes the distinction between booster shots, meant to enhance waning immunity in healthy individuals, and additional doses for those who may not have responded adequately to initial vaccinations. This initiative aims to improve immune responses and provide critical protection against COVID-19.
Wolters Kluwer Compliance Solutions has integrated its ClosingCenter with ICE Mortgage Technology to enhance the digital lending process. This integration allows seamless transfer of loan information, creating a compliant and secure digital workflow from origination to market delivery. The ClosingCenter offers a complete digital solution including eSignature, eNote generation, and integration with the MERS eRegistry, aimed at improving capital velocity in mortgage transactions. This move reflects a response to the growing demand for fully digital mortgage transactions.
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