Wolters Kluwer Introduces State Legislative Information to CCH Axcess iQ, Helping Firms Capitalize on Evolving Tax Landscape

Rhea-AI Summary

Wolters Kluwer has unveiled the latest version of CCH Axcess™ iQ at the CCH Connections: User Conference in Tampa, Florida. This innovative tool helps tax and accounting firms navigate evolving federal and state legislation, addressing a key challenge highlighted by industry professionals. The new functionality allows users to identify affected clients, automate communications, and provide strategic advice, enhancing client relationships and driving revenue. Wolters Kluwer reported annual revenues of €4.8 billion in 2021 and serves clients in over 180 countries.

Positive

• Introduction of CCH Axcess iQ aids firms in addressing evolving tax legislation, a significant industry challenge.
• The tool enhances client engagement by automating notifications of legislative impacts to specific clients.
• Potential for increased revenue through the provision of higher-value advisory services.

Negative

• None.

Automated, client-specific, federal and state legislative information at your fingertips: Wolters Kluwer leverages predictive intelligence to turn one of the biggest challenges facing tax and accounting firms into an opportunity to strengthen client relationships and drive revenue growth

TAMPA, Fla.--(BUSINESS WIRE)-- During this week’s CCH Connections: User Conference in Tampa, Florida, Wolters Kluwer Tax & Accounting announced that with its newest release of CCH Axcess™ iQ, users can now quickly identify and notify clients when they are impacted by evolving federal and state legislative changes, explain how those changes will impact their tax returns and their tax savings, and provide strategic advice and recommend next steps.

Tax Pros Say Responding to Evolving Legislation Is a Top Challenge: CCH Axcess iQ Can Help

Tax and accounting firm professionals who participated in the Wolters Kluwer annual industry trends survey indicated that responding to constantly evolving federal and state legislative changes was among the top three challenges they faced in the last year. Respondents also reported that expanding revenue and adding advisory services are among their top goals. The new functionality available in CCH Axcess iQ directly addresses each of those challenges and opportunities:

• The knowledge provided through CCH Axcess iQ predictive intelligence helps firms create opportunities to drive additional revenue through the delivery of higher-value advisory services
• With a quick glance at the CCH Axcess iQ dashboard, users can identify specific CCH Axcess™ Tax clients who are affected by hundreds of federal and state legislation changes
• Users can then leverage automatically generated communications to engage and strengthen relationships with clients by offering strategic advice and recommended next steps

Nate Brown, Vice President, Firm Management, Wolters Kluwer Tax & Accounting North America, said:

“With the accelerating pace of regulatory change, keeping up with evolving tax codes can feel like a full-time job. For firms that serve clients in multiple states, it can feel impossible to stay current. CCH Axcess iQ turns that challenge into an opportunity by proactively notifying firms when specific clients have been impacted by a state or federal tax change. Tax professionals can then focus their time and expertise on strengthening client relationships and expanding revenue – by advising clients how to best address the evolving tax code changes that are most likely to impact them.”

Current or prospective customers who want to learn more about CCH Axcess iQ can register for a live demonstration and sign up to receive the latest news about CCH Axcess iQ.

About Wolters Kluwer

Wolters Kluwer (WKL) is a global leader in professional information, software solutions, and services for the healthcare; tax and accounting; governance, risk and compliance; and legal and regulatory sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with advanced technology and services.

Wolters Kluwer reported 2021 annual revenues of €4.8 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs around 19,800 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.

Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt (ADR) program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).

For more information, visit www.wolterskluwer.com, follow us on LinkedIn, Twitter, Facebook, and YouTube.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221109005009/en/

KELLY DE CASTRO

Wolters Kluwer Tax & Accounting

+1 614-288-5640

kelly.decastro@wolterskluwer.com

Source: Wolters Kluwer Tax & Accounting US.

FAQ

What is CCH Axcess iQ by Wolters Kluwer?

CCH Axcess iQ is a software tool designed to help tax and accounting firms manage evolving federal and state legislative changes and enhance client relationships.

How does CCH Axcess iQ assist tax professionals?

It enables tax professionals to identify clients affected by legislative changes, automate communications, and provide strategic advice.

What challenges do tax and accounting firms face according to the Wolters Kluwer survey?

The survey revealed that responding to constantly changing legislation is among the top three challenges for tax and accounting firms.

What were Wolters Kluwer's 2021 revenues?

Wolters Kluwer reported annual revenues of €4.8 billion in 2021.

Where can I trade Wolters Kluwer ADRs?

Wolters Kluwer's ADRs are traded on the over-the-counter market in the U.S. under the symbol WTKWY.