26 May 2004
TaxManager from CCH, scooped the top award in the Best Tax Software category of the prestigious LexisNexis UK Tax Awards held at the Park Lane Hilton in London last night (25 May).
TaxManager was praised by the judges for 'the breadth of its reporting facilities and its risk assessment capabilities', and was congratulated for 'continuing to develop over the years, offering a reliable platform to tax advisers'.
The proof of the appeal of TaxManager to accountants was born out in 2003, when sales of the product grew 616% thanks to the introduction of a wider range of reports, enhanced customisation options and full compatibility with all the main tax return software packages.
Speaking about the award, Val Murrell, CCH's director of software, said: "We are extremely proud to have won this very competitive award. Following extensive consultation with our clients, we have invested a great deal of time and expertise in enhancing TaxManager to better serve accountants' day-to-day needs. It is very gratifying that those efforts have been publicly recognised."
TaxManager includes three reports designed to simplify the tax adviser's work.
| • | 'Review' checks current tax return information against the previous year's return highlighting the differences between the two. This allows the practice to minimise the risk of errors and significantly reduce the amount of time spent reviewing the return so helping to increase margins. | |
| • | 'Tax planning' is a fully customisable, client-specific tax planning tool. The software looks for potential tax planning opportunities, based on income and outgoings, and a letter to the client can be automatically generated detailing all the relevant options. | |
| • | 'Risk' comprises two elements. | |
| – | 'Risk Assessment' reviews a return in the same way as an Inland Revenue inspector would, enabling the accountant to question any risk areas with clients and reduce the chance of an investigation. The report also has links to two of the most comprehensive investigations services available - CCH British Tax Library and CCH Tax Investigation Reporter - enabling detailed assessment of particular risk points. | |
| – | 'Business Consultancy' allows the accountant to look at a business's performance against trade norms. Quick links into CCH Business Focus allows the user to see whether a client might benefit from additional consultancy services so helping to increase the revenue stream into the practice. | |
Notes to Editors
CCH is a leading provider of information and solutions
to the accounting profession. CCH is unique in integrating its content within
its products using Internet technology, to maximise efficiencies for its customers
and revolutionise the way the accounting profession works. CCH is an operating
division of Wolters Kluwer (UK) Limited, which has been one of the UK's leading
information providers in the fields of tax, company and commercial law, finance,
employment law, health and safety, education management, export and transport
for over 50 years.
CCH is owned by the Wolters Kluwer Group, the leading international publisher specialising in tax, business and law publishing throughout Europe, North America and the Asia Pacific region.
About Wolters Kluwer (UK) Limited
Wolters Kluwer UK is one of the UK's leading information and
consultancy providers. The group produced a wide range of information tools,
solutions and advice services in a variety of industries. All aspects of the
Wolters Kluwer UK business are designed to give reliable, comprehensive guidance
that reflects the needs of our customers. Our areas of expertise include:
• Human Resources
• Health and Safety
• Accountancy and Tax
• Education and Healthcare
• Manufacturing and Construction
For further information, please contact:
Julia Banks at Robson Brown on 0191 244 6656, juliab@robson-brown.co.uk
or Nicola Green on 0191 244 6637, nicolag@robson-brown.co.uk.
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