Wolters Kluwer N V Stock Price, News & Analysis

Wolters Kluwer Finance, Risk & Regulatory Reporting (FRR) is hosting a webinar titled “GDR 101: Most Frequently Asked Questions Now Answered” on November 23, 2021, at 2 PM SGT. The session will feature experts discussing the Granular Data Reporting (GDR) mandates in the Asia Pacific region. Key topics include challenges for banks in achieving GDR compliance, lessons from Europe, and predictions for 2022. The webinar aims to address the rising expectations of financial institutions in maintaining transparent and integrated data amidst regulatory changes.

Wolters Kluwer announced the appointments of Greg Samios as President & CEO of Clinical Effectiveness and Dr. Peter Bonis as Chief Medical Officer, effective December 1, 2021. These changes aim to enhance the company's focus on healthcare technology and expert solutions. Samios has extensive experience in healthcare and legal sectors, previously leading Wolters Kluwer Legal & Regulatory U.S. and Health Learning, Research & Practice. Dr. Bonis expands his role to oversee industry partnerships and R&D initiatives, continuing his contributions to the Clinical Effectiveness division.

On November 10, 2021, Ken Crutchfield, VP & General Manager at Wolters Kluwer Legal & Regulatory U.S., participated in the dLaw Life Sciences Summit. The panel titled "Building and Enhancing Relationships Between 'Future Ready' Legal Departments and Law Firms" focused on best practices for legal professionals in the life sciences sector, emphasizing the importance of digital transformation accelerated by the COVID-19 pandemic. Crutchfield discussed leveraging digital tools for profitability alongside industry leaders. Wolters Kluwer reported annual revenues of €4.6 billion in 2020 and trades on OTC market as WTKWY.

On November 9, 2021, Wolters Kluwer Legal & Regulatory U.S. launched the Market Definitions Locator, an enhancement to its Kluwer Competition Law platform. This tool provides expert summaries of European Commission merger decisions, improving efficiency for competition professionals. Initially covering approximately 600 decisions from 2014 onward, the locator will expand with additional entries. This upgrade aims to streamline the merger control workflow by offering searchable insights on geographic and product markets.

Wolters Kluwer Tax & Accounting discusses the tax provisions of the Infrastructure Investment and Jobs Act, which has an estimated cost of $1.2 trillion. Passed by the US Senate in August and the House of Representatives on November 5, 2021, the act includes expanded cryptocurrency reporting requirements and the elimination of the Employee Retention Credit for wages post-September 30, 2021. Notably, it also extends some excise taxes and disaster relief deadlines, adding complexity to tax compliance.

Wolters Kluwer Tax & Accounting emphasizes the importance of engaging tax professionals throughout the year, not just during tax season. The recent pandemic highlighted how taxpayers must consider various payments like the Recovery Rebate Credit and advance Child Tax Credit when filing returns. Ignoring these can lead to missed opportunities for tax savings. Tax professionals can help navigate changing laws, deadlines, and personal tax situations like home ownership and business operations, ensuring taxpayers are informed and compliant.

Wolters Kluwer Tax & Accounting has launched the CCH Axcess™ Workflow, integrating features from XCMworkflow® to enhance productivity for tax and accounting firms. This cloud-based platform enables firms to automate processes, improve accountability, and meet regulatory demands. The solution is designed for accessibility on various devices and integrates with existing CCH Axcess™ services. It includes a scheduler and project signoff capabilities for better workload management and real-time analytics to monitor performance.