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.
Wolters Kluwer Tax & Accounting highlights tax implications for athletes and fans during Super Bowl LVI on February 13 in Inglewood, California.
Players may owe state taxes in California and their home states, with California's top tax rate at 13.3%. This year, players also face withholding on bonuses and endorsement income. Federal tax rates reach 37%. With the rise of sports betting, states may impose additional fees and taxes on these activities.
Wolters Kluwer, Health has introduced its Digital Health Architect, a clinical content platform aimed at enhancing telehealth experiences for providers and patients. The platform integrates trusted clinical information from UpToDate, Emmi, and Lexicomp, facilitating seamless access to evidence-based content. Key features include support for new virtual care workflows and analytics to track engagement. This innovative platform promises to reduce the maintenance burden on healthcare organizations while optimizing care delivery and improving health outcomes.
The latest episode of the EDRM podcast features insights from Wolters Kluwer ELM Solutions’ Nathan Cemenska, discussing the impact of megamatters—legal cases with over $1 million in spend—on corporate law department budgets. Notably, megamatters account for 61% of total legal spending, with a mere $1 increase in these matters raising the likelihood of increased total outside counsel spend by 89%. The insights stem from ELM's extensive LegalVIEW database, valued at over $150 billion in invoices, which aids legal teams in analyzing spending data for better cost management.
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Wolters Kluwer and Floify have announced a partnership to integrate Wolters Kluwer's eOriginal digital mortgage promissory eNote technology into Floify's system. This integration aims to streamline the mortgage e-closing process by allowing digital signatures, enhancing efficiency and reducing costs. The partnership also leverages Wolters Kluwer's eVault technology, ensuring legal enforceability of digital documents. This collaboration positions Floify to drive innovation in the mortgage sector, addressing the need for digitization in a traditionally paper-heavy industry.
Wolters Kluwer announces the appointment of Ann Ziegler as the new Chair and Jack de Kreij as Vice-Chair of the Supervisory Board, effective April 21, 2022. Ann Ziegler, previously Vice-Chair, has experience with international companies since her appointment in 2017. Jack de Kreij, on the Board since 2020, is currently the Chair of the Audit Committee. The changes support the company’s commitment to strong leadership and diversity at senior management levels. Shareholders will vote on the nomination of Heleen Kersten for the Supervisory Board during the Annual General Meeting.
Wolters Kluwer Tax & Accounting outlines crucial taxpayer considerations as the IRS prepares for the 2022 tax season starting January 24, 2022. Taxpayers face a three-day delay in the filing deadline, which is now April 18, 2022. The IRS warns of potential difficulties due to a larger backlog from 2021, slower processing times, and delayed refunds. Moreover, changes in tax credits and deductions, including the Child Tax Credit and Earned Income Tax Credit, may further complicate filings. Experts recommend early electronic filing to mitigate issues.
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Wolters Kluwer ELM Solutions highlights the increasing necessity for corporate legal departments to adopt technology strategies amid hiring freezes and rising counsel costs. In the latest episode of the Legal Leaders Exchange Podcast, experts emphasize the importance of a coherent technology adoption plan to improve efficiency and stakeholder relationships. They caution against rapid onboarding without needs assessment, advocating instead for a measured approach to refine adoption strategies. Failure to engage stakeholders can result in wasted investments, while a strong roadmap can enhance collaboration with outside counsel.