Wolters Kluwer N V Stock Price, News & Analysis

Wolters Kluwer's Finance, Risk & Regulatory Reporting (FRR) has secured multiple prestigious awards in the APAC region, notably from Regulation Asia and APAC Insider, highlighting its leadership in regulatory reporting and compliance solutions. The OneSumX for FRR platform was recognized as the 'Best Solution in Regulatory Reporting' for the third time in four years. Additionally, Rainer Fuchsluger, the Managing Director for APAC, received an executive leadership award from CEO Monthly. This recognition underscores Wolters Kluwer's commitment to excellence in risk and compliance technology.

On December 15, 2021, Wolters Kluwer announced that 26 U.S. states will raise their minimum wage in 2022, with 22 states implementing increases on January 1. Key highlights include West Hollywood's $17.64 per hour for hotel workers and California's $15.00 rate. By 2023, states like Connecticut and Massachusetts aim for $15. Ten states have plans to reach this threshold in subsequent years. Federal contractors must comply with a $15 minimum wage starting January 30, 2022. The changes reflect trends toward a living wage amidst political and economic influences.

Wolters Kluwer ELM Solutions has launched the fourth episode of its podcast series, Legal Leaders Exchange, focusing on managing high-cost legal matters, particularly megamatters expected to exceed $1 million in lifetime expenses. The discussion features insights from Nathan Cemenska and Ron Denton, who highlight strategies for effective budget management. It addresses communication with leadership, factors driving costs, and methods for reducing expenses. Wolters Kluwer ELM Solutions is recognized as a leader in legal spend management.

Wolters Kluwer Compliance Solutions has won five awards at the 2021 Best in Biz Awards, including two Gold awards for OneSumX ProViso and CASH Suite. The company was recognized as the second most awarded company, showcasing significant competition against over 700 entries. The awards highlight the company's innovation in financial compliance solutions, leveraging AI to enhance regulatory management. Wolters Kluwer reported 2020 annual revenues of €4.6 billion and employs over 19,000 people globally, serving clients in more than 180 countries.

Wolters Kluwer Tax & Accounting highlights uncertainty surrounding Federal income tax provisions set to expire at the end of 2021. Key provisions include the employee retention credit and enhanced child tax credit, with discussions ongoing in US Congress regarding potential extensions. Taxpayers are advised to stay informed to leverage opportunities before the provisions lapse. The press release emphasizes various expiring credits related to COVID-19, charitable contributions, and regularly expiring provisions like mortgage insurance premium treatment.