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
“With the accelerating pace of regulatory change, keeping up with evolving tax codes can feel like a full-time job,” said Nate Brown, Vice President, Firm Management, Wolters Kluwer Tax & Accounting North America. 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.”
Professionals 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.