Wolters Kluwer unveils the new Return Dashboard – an addition to CCH Axcess™ Tax

Rhea-AI Summary

Wolters Kluwer announces the launch of its new CCH Axcess Tax Return Dashboard, designed to enhance tax professionals’ efficiency by providing real-time status updates, year-over-year insights, and critical diagnostics. Set for release in July 2022, the dashboard consolidates key details such as due dates, refund amounts, and complexity scores into a single interface. The update aims to streamline the tax return process and is available at no extra charge to existing users of CCH Axcess Tax. Wolters Kluwer reported €4.8 billion in revenues for 2021.

Positive

• Launch of CCH Axcess Tax Return Dashboard enhances efficiency for tax professionals.
• Real-time updates and diagnostics improve client service and decision-making.
• Dashboard features such as Complexity Scores and Two-Year Comparison provide valuable insights.
• No additional cost for current CCH Axcess Tax users to access the new feature.

Negative

• None.

New CCH Axcess Tax Return Dashboard feature provides up-to-the-minute status updates, year-over-year analysis, and important diagnostic information to facilitate the review process.

NEW YORK--(BUSINESS WIRE)-- As tax professionals strain to balance growing workloads, regulatory complexity, and staffing challenges, the need for efficient access to project statuses and diagnostics is critical to meeting deadlines and maintaining profitability. To help improve visibility into the status of tax returns and the latest eFile status, Wolters Kluwer is releasing a new Return Dashboard feature for CCH Axcess™ Tax in July, 2022. This new dashboard will provide quick, at-a-glance information about returns, including key dates, return status, amount due, refund amount, and deeper diagnostics to help tax preparers find the information they need and resolve problems quickly.

With the CCH Axcess Tax Return Dashboard, tax preparers will have a wealth of information about each return available to them in a single view:

Complexity Scores: A proprietary algorithm has a quick-reference panel that shows the complex characteristics of each clients’ returns, highlighting areas that are most likely to require special attention or expertise, including the number of K-1s, foreign income, at-risk limitation, depreciation, and more.

Return Overview: The Return Overview provides an itemized list of federal and state returns for each client, including due dates, status, extension information, and amount due or refunded.

Two-Year Return Comparison: The most important information and changes year-over-year are highlighted automatically, including changes in total income, adjusted gross income, taxable income, total tax, and balance due.

Diagnostic Overview: Refer to an overview of meaningful diagnostics, including warning areas and cautions flagged for review, informational alerts, and sign-off status, with a quick-access link to complete diagnostic breakdowns.

The information captured in the Return Dashboard is updated nearly in real-time facilitating collaboration, removing delays between sources and systems, and providing more responsive client service. The new enhancement to the CCH Axcess Tax Return Dashboard will be added to CCH Axcess Tax at no additional charge.

“The new CCH Axcess Tax Return Dashboard helps firms solve many of the problems commonly experienced in the 1040 tax return process, all on one screen,” said Cathy Rowe, CPA, CA and Vice President of Product Management, US Professional Market, at Wolters Kluwer Tax & Accounting North America. “Key return indicators like return complexity help reviewers know where to focus, and near real-time status of e-file return progress lets you move on to your next task faster. We’re also excited to roll out micro-learning that is integrated into the dashboard and available on-demand exactly when and where it’s needed.”

About Wolters Kluwer

Wolters Kluwer (WKL) is a global leader in professional information, software solutions, and services fro the health, tax & accounting, governance, risk & compliance, and legal & regulatory sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized 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 approximately 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 Twitter, Facebook, LinkedIn, and YouTube.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220607005916/en/

KELLY DE CASTRO

Wolters Kluwer Tax & Accounting

+1 614-288-5640

kelly.decastro@wolterskluwer.com

Source: Wolters Kluwer Tax & Accounting

FAQ

What is the CCH Axcess Tax Return Dashboard by Wolters Kluwer?

The CCH Axcess Tax Return Dashboard is a new feature providing real-time updates and diagnostics for tax professionals, set to launch in July 2022.

How does the CCH Axcess Tax Return Dashboard improve efficiency?

It consolidates key information such as return status and complexity scores into a single view, facilitating quicker decision-making.

When will the CCH Axcess Tax Return Dashboard be available?

The dashboard will be available starting July 2022.

Is there an additional charge for the CCH Axcess Tax Return Dashboard?

No, the dashboard will be available at no additional charge for existing CCH Axcess Tax users.

What revenue did Wolters Kluwer report for 2021?

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

What key features does the CCH Axcess Tax Return Dashboard include?

It includes features like Complexity Scores, Diagnostic Overview, and a Two-Year Return Comparison.