Wolters Kluwer CCH

Wolters Kluwer CCH

January 15, 2014 09:00 ET

Wolters Kluwer CCH Streamlines T1 Tax Return Preparation with TaxprepConnect

TORONTO, ONTARIO--(Marketwired - Jan. 15, 2014) - Wolters Kluwer CCH, a leading provider of tax and accounting information, software and services, announces the launch of TaxprepConnect to streamline T1 tax preparation. TaxprepConnect enables downloads of client information directly from the Client Summary page of the CRA's Represent a Client web site, reducing time spent by tax preparers manually searching for and verifying client information, and enabling more accurate and compliant tax returns to be delivered faster.

TaxprepConnect allows tax preparers to securely access and download clients' tax data available online from the Canada Revenue Agency (CRA) and Revenue Québec, and automatically populate relevant fields in the returns they are preparing. TaxprepConnect integrates with CCH's Personal Taxprep software and enables preparers to use their existing CRA Represent a Client profile to download all information from the Client Summary page into T1 returns.

"Our tax preparer customers have been asking us for a tool that helps make tax return preparation easier, faster and more accurate, and we are thrilled to deliver with TaxprepConnect," says Philippe Pichette, VP of Product Management, Wolters Kluwer CCH. "This exciting new service features the TaxprepConnect Download Form that makes tax return preparers more productive with the click of a mouse, and enables them to deliver more accurate and compliant returns which benefits their clients as well as the CRA."

The TaxprepConnect Download Form enables tax preparers to:

  • Review all of data downloaded with TaxprepConnect before updating tax returns; and,
  • Compare carryover amounts rolled forward into returns (e.g. amounts relating to RRSP) with those from the Represent a Client service, with diagnostics advising of the differences between the CRA and the Taxprep amounts.

"Given the volume of T1 returns we prepare, Wolters Kluwer CCH's new 'autofill' service is a major enhancement. As good as the CRA's service is, browsing the website does take time as it requires a lot of small manual steps; for example, finding the SIN for the account, entering it on screen, then accessing the required tabs and sections of the web pages," says Grant D. Stange, B. Comm., CA, Partner, Collins Barrow Red Deer LLP. "Having TaxprepConnect access the Client Summary information for the current taxpayer, and then pulling the data from the web pages into the tax return, eliminates several time-consuming steps."

For TP1 return preparation, TaxprepConnect allows tax preparers to download tax data, including RL slips and additional info (installments, interest paid and personal information). Downloaded Québec RL slips can be used to automatically populate both the federal and provincial fields in Taxprep, where applicable.

Always Up-to-Date and Secure

TaxprepConnect is always up-to-date. A single click updates the tax return to match the CRA records. If changes are made to the CRA Represent a Client service, the service will self-update as quickly as possible to adjust to these changes. There is no need to wait for the next version of Personal Taxprep.

TaxprepConnect is secure. To use the service, the tax preparer logs onto the CRA Represent a Client service in the very same way they do with their Web browser. Preparers are able only to open the taxpayer accounts they can access with their CRA username. Communication is performed via the same secure connection (https) as when using this service from a Web browser.

For More Information

For more information about TaxprepConnect please visit www.taxprep.com/connect/en or call 1-800-268-4522.

About Wolters Kluwer CCH

Wolters Kluwer CCH is Canada's premier provider, and the leading global provider of authoritative tax, accounting and audit compliance tools. Since 1946, Wolters Kluwer CCH has produced information and software products that help customers take command of complex regulatory issues in tax, accounting, law, financial planning and human resources. Among its market-leading solutions are Taxprep®, Cantax®, Practice Management, Engagement, Document, Global Integrator and the CCH Online research platform.

Wolters Kluwer (www.wolterskluwer.com) is a market-leading global information services company. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.

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