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Wolters Kluwer reports increase in CCH iFirm® Tax e-filings as adoption of cloud-based solution accelerates

Business Wire
·2-min read

63% more T1 returns were e-filed by tax practitioners using the company’s CCH iFirm Tax solution than prior tax year

TORONTO, June 06, 2023--(BUSINESS WIRE)--Wolters Kluwer Tax & Accounting (TAA) Canada, today 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. "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 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.

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"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."

"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."

About Wolters Kluwer

Wolters Kluwer (EURONEXT AMSTERDAM: WKL) is a global leader in information, software, and services for professionals in Health, Tax and Accounting, Financial Corporate Compliance, Legal & Regulatory, and Corporate Performance & ESG. 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 2022 annual revenues of €5.5 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 20,000 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.

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/20230606005782/en/

Contacts

Angela Coenen
VP, Communications and Branding
Wolters Kluwer Tax & Accounting
Angela.coenen@wolterskluwer.com
952-270-0522