Wolters Kluwer Tax & Accounting (TAA) has reported a significant increase in the number of tax returns electronically filed by practitioners using the CCH iFirm^® Tax solution, the only cloud-based tax compliance solution available in Canada. At the same time the company is celebrating a milestone for its industry-leading CCH Axcess expert solution.

In the 2022 tax-filing season, Wolters Kluwer TAA reported an increase of 63% in the number of T1 returns e-filed by tax practitioners using CCH iFirm Tax, compared to the previous year. This increase in filings continues a trend started in the pandemic. In 2022, 50% of tax firms expressed they were more enthusiastic about cloud-based technology, and 71% of medium to large firms expressed they were more comfortable with the technological shift toward the cloud than they were in previous tax seasons, according to the 2022 Wolters Kluwer Tax Season Report.  “The increased adoption of our browser-based tax solution reflects a broader shift towards cloud technology usage in the accounting industry,” noted Dean Sonderegger, Senior Vice President and General Manager for Wolters Kluwer Tax & Accounting Canada in a company statement.

“As technology shifts, firms are looking at how their tools drive efficiency and outcomes,” added Sonderegger. “The investment in cloud technology through CCH iFirm Tax is part of Wolters Kluwer’s continued commitment to invest between 8% and 10% of revenues back into innovation that enables our customers to better service their clients.” 

“Transitioning to the cloud is just the starting point for us,” said Dustin Mansfield, Tax Innovation and Change Leader, at BDO Canada. “We continue to push to provide more value for our clients. The migration to CCH iFirm Tax over the last year has allowed us to use embedded features as well as start building processes and integrations around the platform to work on automating repetitive tasks freeing up time for accountants to spend time on tax strategy and advisory services in support of clients.”  

Wolters Kluwer Tax & Accounting is one of five divisions of Wolters Kluwer, a global information services leader. The division enables tax and accounting professionals and businesses of all sizes to drive productivity, navigate change, and deliver better outcomes.

Wolters Kluwer Tax & Accounting is also currently celebrating the ten-year anniversary of Wolters Kluwer CCH Axcess™, the first modular, cloud-based software solution for the tax and accounting profession in North America. CCH Axcess has grown from five to more than 14 core modules over the past decade, “offering firms comprehensive and flexible solutions to increase productivity, enhance client collaboration, and increase employee engagement.”

An integrated cloud-based platform, CCH Axcess empowers firms of all sizes with streamlined operational workflow, intelligent data integrations and automations, and real-time visibility into firm performance, leading to better outcomes for clients and driving firm growth. Today, the award-winning platform is trusted by tens of thousands of U.S. professional firms, including 94 of Accounting Today’s Top 100 Firms, serving more than 380,000 users.

“CCH Axcess launched 10 years ago as the first cloud platform for the profession, sparking a transformation in how accounting firm serve clients and operate their businesses. Our unwavering focus on innovation continues to help professionals improve how they work, make critical business decisions, and plan for the future of their businesses,” said Jason Marx, CEO of Wolters Kluwer Tax & Accounting. “This major milestone is only possible because of the continued dedication and contribution from every member of our Tax and Accounting team as well as the trust and partnership of our customers. I am invigorated by the forward-thinking embrace of technological innovations that is occurring in the profession. Every day across the globe, Wolters Kluwer continues to drive the profession forward by incorporating industry-leading technologies into better service and helping our clients navigate through the everchanging industry landscapes,” Marx added.

As previously reported Marx, formerly head of North America Tax & Accounting, became CEO of Wolters Kluwer Tax & Accounting in March this year. The appointments followed Wolters Kluwer’s strategic decision, announced in February of this year ,to create a 5th division, Corporate Performance & ESG (CP & ESG). CP & ESG has been established to meet the growing demand from corporations and banks for integrated financial, operational, and ESG performance management and reporting solutions. Karen Abramson, formerly CEO of Tax & Accounting, became CEO of the new CP & ESG division.