CCH releases Australia’s first complete and interactive Engagement Tax and Accounting Workpapers solution.
(Sydney, Australia, 1 June, 2011) CCH, a Wolters Kluwer business, the world’s largest provider of tax, accounting and audit information, software and services, today launched its CCH Engagement Tax and Accounting Workpapers, the next ‘module’ to be added to the company’s flagship solution, the world-leading CCH Engagement.
For this latest offering, CCH partnered with Knowledge Shop, a leader in knowledge management for professional practices, to create a unique solution. Combining a software platform developed by CCH with workpapers authored by Knowledge Shop, the solution delivers Australia’s first complete and interactive Engagement Tax and Accounting Workpapers.
The CCH Engagement Tax and Accounting Workpapers create an extremely powerful platform which enables tax and accounting professionals to work faster, more efficiently, more accurately and more seamlessly.
However, perhaps more importantly, it provides professionals with peace of mind knowing they are following the correct procedures in order to comply with the latest taxation and accounting legislation.
Previously, tax and accountancy professionals could only purchase content and software separately from different vendors. In doing so, this increased the risk of non-compliance with the latest legislation.
The CCH Engagement Tax and Accounting Workpapers provide seamless integration, thereby substantially reducing this risk.
Given the demands currently placed upon tax and accountancy firms to meet stringent new regulations and legislation, the CCH Engagement Tax and Accounting Workpapers will be a welcome addition to professionals everywhere, ensuring compliance is easier and more systematic, thereby reducing risk and the work hours required on each project.
The CCH Engagement Tax and Accounting Workpapers link directly to IntelliConnect™, CCH’s online Content Platform, to provide fast and easy access to the most up-to-date and vital references including industry ‘bibles’ such as The Australian Master Tax Guide.
The solution also features internal links to Guidance Notes plus direct links to external websites such as the Australian Taxation Office (ATO) and ComLaw.gov.au. These links ensure the user is always accessing the very latest information and / or legislation.
Staying abreast of ever-changing rules and regulations was one of the major and ongoing challenges for tax and accounting professionals. The CCH Engagement Tax and Accounting Workpapers solve this problem once and for all.
Russell Evans, President of Wolters Kluwer Tax & Accounting, Asia Pacific, said: “The CCH Engagement Tax and Accounting Workpapers are so powerful that Tax and Accounting professionals can approach the task with absolute confidence by simply following the Guide Notes and Flow Charts which are fully integrated into the offering.
“The CCH Engagement Tax and Accounting Workpapers are not just a content solution – or a software application solution – it’s a marriage of the two.
“It’s a unique platform which is both intuitive and seamless, integrating the way tax and accounting professionals currently organise their work, with the ever-changing external content and references they need for each specific project.
“Everything is easily accessed because it’s all housed and integrated together; reducing time, effort, and the risk of non-compliance.”
A huge and diverse range of firms already use CCH Engagement. This latest offering allows industry professionals to now utilise CCH Engagement for all their Tax and Accounting needs as well.
However, CCH is also offering those firms not currently using CCH Engagement the opportunity to purchase Tax and Accounting Workpapers as a stand-alone package and discover the numerous benefits associated with this unique solution, including time and cost savings and of course industry compliance.
Greg Hayes, Director of Knowledge Shop and accounting group Hayes Knight NSW, said: “This solution literally helps tax and accounting professionals ‘join the dots’ across client work with absolute confidence. It brings together all of the elements needed to vastly improve efficiency and compliance.
“The CCH Engagement Tax and Accounting Workpapers go way beyond notes, charts and checklists – It’s a complete job management methodology that seamlessly integrates with how professionals work in the real world.”
Knowledge Shop and CCH have created a truly integrated and holistic solution for tax and accounting professionals.
The solution lets tax and accounting professionals better structure their work and workflow, while also allowing them to link instantly and easily to other documents relevant to a particular project.
The CCH Engagement Tax and Accounting Workpapers are available now.
T: +61 2 9857 1886
M: 0408 290 412
About Knowledge Shop
Knowledge Shop, a leader in knowledge management for professional practices, is a wholly owned subsidiary of Hayes Knight Ltd.
Hayes Knight is an innovative Australasian accounting group with member firms in every major capital city of Australia and in Auckland, New Zealand.
For more information go to http://www.knowledgeshop.com.au
About CCH, a Wolters Kluwer business
CCH, a Wolters Kluwer business (www.cchgroup.com) is the leading global provider of tax, accounting and audit information, software and services. It has served tax, accounting and business professionals since 1913. Its market-leading workflow solutions help professionals use technology and information to improve their efficiency, productivity and profitability.
Wolters Kluwer (www.wolterskluwer.com) is a market-leading global information services company. Professionals in the areas of legal, business, tax, accounting, finance, audit, risk, compliance, and healthcare rely on Wolters Kluwer’s leading information-enabled tools and software solutions to manage their business efficiently, deliver results to their clients, and succeed in an ever more dynamic world.
Wolters Kluwer had 2010 annual revenues of €3.6 billion (US$5 billion/£3.1 billion), employs approximately 19,000 people worldwide, and maintains operations across Europe, North America, Asia Pacific, and Latin America, serving customers globally. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.
This press release contains forward-looking statements. These statements may be identified by words such as “expect,” “should,” “could,” “shall,” and similar expressions. Wolters Kluwer cautions that such forward-looking statements are qualified by certain risks and uncertainties that could cause actual results and events to differ materially from what is contemplated by the forward-looking statements. Factors which could cause actual results to differ from these forward-looking statements may include, without limitation, general economic conditions; conditions in the markets in which Wolters Kluwer is engaged; behaviour of customers, suppliers, and competitors; technological developments; the implementation and execution of new ICT systems or outsourcing; and legal, tax, and regulatory rules affecting Wolters Kluwer’s businesses, as well as risks related to mergers, acquisitions, and divestments. In addition, financial risks such as currency movements, interest rate fluctuations, liquidity, and credit risks could influence future results. The foregoing list of factors should not be construed as exhaustive. Wolters Kluwer disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.