Wolters Kluwer issues news about its global professional information, software, and services business, represented in the U.S. by the WTKWY sponsored Level 1 ADR. Updates commonly cover healthcare, tax and accounting, financial and corporate compliance, legal and regulatory, and corporate performance and ESG solutions.
Recurring items include trading updates by business area, annual report and AGM materials, Supervisory Board and executive changes, dividend proposals, portfolio actions, and technology investments. Company announcements also track AI-enabled offerings and platforms such as FAB, Expert AI capabilities in CCH Axcess and UpToDate, legal technology products including Legisway and Kleos, and cloud automation tools such as CodaBox, ClearFacts, Kyte, and Flowin.
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Wolters Kluwer ELM Solutions highlights the accelerated adoption of contract lifecycle management (CLM) tools within corporate legal departments due to the COVID-19 pandemic. The latest episode of the Legal Leaders Exchange Podcast underscores the ongoing demand for CLM tools to enhance efficiency.
With tools like CLM Matrix leading the way, organizations are urged to adopt a robust change management strategy to maximize the benefits of technology in their contracting processes.
Wolters Kluwer Tax & Accounting has launched its cloud-based solution, CCH Axcess™ Validate, recognized by Accounting Today as a top new product in the Audit tools category for 2022. This blockchain-enabled tool simplifies and accelerates banking confirmations for auditors, reducing the time for the authorization process to under 5 minutes. It enables detailed transactional data retrieval directly from financial institutions, enhancing audit transparency and efficiency. Wolters Kluwer reported €4.8 billion in 2021 revenues, serving customers globally.
Wolters Kluwer has reported its full-year 2021 results, highlighting revenues of €4,771 million, reflecting a 6% organic growth. Adjusted operating profit rose to €1,205 million, up 11%, with a margin increase to 25.3%. Diluted adjusted EPS reached €3.38, marking a 17% increase. The company proposed a 15% increase in total dividend to €1.57 per share and completed share buybacks of €410 million, with plans for up to €600 million in 2022. The 2022 outlook anticipates good organic growth, although EPS growth may be dampened by a return to historical tax rates.
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Wolters Kluwer Tax & Accounting highlights the importance of filing tax returns for low-income taxpayers, even if not required. Since 2018, refundable tax credits have been introduced, allowing taxpayers to claim refunds exceeding their tax liabilities. Key credits include the Earned Income Tax Credit, Child Tax Credit, and Recovery Rebate Credit, with many recently enhanced for 2021. The firm emphasizes that claiming these credits can lead to significant refunds. However, certain enhancements may have expired post-2021, impacting future claims.
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Wolters Kluwer Tax & Accounting is advancing its TeamMate internal audit solutions in Greece through a partnership with PwC Greece. This collaboration aims to enhance value for internal audit professionals by leveraging TeamMate's expert solutions. Director Robert Pemble emphasized the importance of innovation in a dynamic business landscape. TeamMate's services include risk assessment, electronic working paper creation, and data analysis. PwC Greece brings extensive experience in governance and compliance, enhancing the service offering to clients in the region.
Wolters Kluwer CT Corporation will host a webinar titled “The 2022 Delaware Update” on February 16 at 1 PM ET, focusing on essential changes to franchise taxes and reporting obligations in Delaware, a key incorporation state for many businesses. Legal experts Alan Stachura and Lydia Duynstee will discuss upcoming legislation that impacts clients incorporated in Delaware, including key deadlines and IT initiatives. This initiative aligns with CT Corporation’s mission to help clients stay compliant with evolving laws.
Wolters Kluwer Tax & Accounting highlights variances in state sales taxes on popular Valentine’s Day gifts. The analysis underscores that tax treatment differs significantly across states, affecting items like candy, jewelry, and flowers. For instance, candy is taxable in 29 states but exempt in 16, while jewelry often faces general sales tax rates. Additionally, dining out is typically taxable, but definitions vary. This information could influence consumer spending, shedding light on unexpected costs associated with Valentine’s Day purchases.