Wolters Kluwer launches CCH iFirm working papers in Australia to help accountants improve profitability

New solution developed by a team of CCH Master Tax Guide experts integrates with CCH iFirm to help accountants get their work done faster

SYDNEY–(BUSINESS WIRE)–Wolters Kluwer Tax & Accounting (TAA) Asia Pacific (APAC) today announced that its CCH iFirm Workpapers (Workpapers) product is now available in Australia. Already a leading solution in New Zealand, the software provides a comprehensive suite of 51 standard working papers and is designed to help accountants calculate and justify the documents required to support a client’s financial statements and tax returns.

The solution helps ensure compliance with the latest Australian tax and accounting regulations and enables accountants to complete tasks faster, reducing the risk of write-offs and therefore improving profitability.

“Wolters Kluwer is uniquely positioned to offer our clients expert knowledge solutions through CCH iKnowConnect, in addition to the software needed to run an efficient and profitable practice through CCH iFirm.” he said Megan Mulia, Managing Director, Wolters Kluwer, TAA APAC. “Our new CCH iFirm Workpapers solution brings together this unique expertise, enabling accounting firms to increase productivity, improve cooperationand improve the quality of your work.”

Developed and updated annually by the team of experts behind CCH’s trusted Australian tax guide, CCH iFirm Workpapers offers a range of innovative features and tools that streamline workpaper creation, management and compliance processes for accounting firms. The solution provides standardization, core calculators, general ledger software integration and automation features in a familiar Excel environment, reducing manual data entry and improving accuracy. These improvements save companies time and free up billable hours.

Designed with input from Wolters Kluwer clients, CCH iFirm Workpapers is designed to provide the rich functionality accounting teams need to manage massive and complex compliance tasks. Being a ledger-agnostic solution allows you to easily manage clients using different ledger systems, which is key to optimizing compliance workflow.

“Workpapers are the ‘glue’ in an accountant’s compliance workflow, and our newly released module helps streamline this process within the CCH iFirm platform,” said Mulia. “Our vision is to further deepen the integration of our expert research solutions with CCH iFirm software modules to provide a seamless workflow for our customers.”

Wolters Kluwer TAA enables tax and accounting professionals and businesses of all sizes to increase productivity, cope with change and deliver better results.

More information about Wolters Kluwer can be found at: www.wolterskluwer.com.

About Wolters Kluwer

Wolters Kluwer (EURONEXT: WKL) is a global leader in information, software solutions and services for healthcare professionals; taxes and accounting; financial and corporate compliance; legal and regulatory; corporate performance and ESG. We help our clients make critical decisions every day by providing expert solutions that combine deep domain knowledge with technology and services.

Wolters Kluwer reported annual revenues of €5.6 billion in 2023. The group serves customers in over 180 countries, has operations in over 40 countries and employs approximately 21,400 people worldwide. The company’s headquarters is located in Alphen aan den Rijn in the Netherlands.

More information can be found at www.wolterskluwer.com and on LinkedIn, Facebook, YouTube and Instagram.

For more information on the latest AI developments, please visit Wolters Kluwer’s corporate AI website or the TAA AI Hub website.

Communication

Shannon Wherry

Deputy director for external communications

Taxes and Accounting

Wolters Kluwer

Office: +1 972-209-2767

[email protected]