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WK Debuts Reporting Products

 Wolters Kluwer has introduced an application for businesses impacted by the beneficial ownership reporting rule under the Corporate Transparency Act. The rule took effect on January 1.

The products include the  Beneficial Ownership Platform from the company’s Financial & Corporate Compliance unit for small businesses, law firms and corporations with qualifying entities. This offers a five-step workflow for filing and compliance for both single entity and multiple entity filers.

The Platform offers what the company describes as “a secure hosting environment for uploading, storing, and updating beneficial ownership information.”

WK’s Tax & Accounting division launched CCH Axcess Beneficial Ownership for automating the beneficial ownership information filing process for accounting firms that need to file large volumes of reports.

“The dashboard provides an overview of all the firm’s BOI reports, with the ability to create custom groups to organize data, track status from creation through completion and make edits directly within the platform,” according to Cathy Rowe, SVP and segment leader, U.S. Professional Market, in a prepared statement.

Rowe said the software utilizes a small form for walking users through the BOI report step-by-step and validating that required fields are complete.

Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
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