Wolters Kluwer Tax & Accounting closes tax compliance software acquisition

Wolters Kluwer Tax & Accounting recently announced that it has completed the acquisition of the Tax Compliance Software (TCS) products: Tax Integrator, Fringe Benefits Tax Organizer, and Global Tax Integrator from Ernst & Young Australia.

The acquisition advances Wolters Kluwer's strategy to expand its presence in the global corporate market, serving tax and accounting professionals with best-of-breed solutions. Wolters Kluwer Tax & Accounting, a division of Wolters Kluwer, is a global provider of tax, accounting, and audit information, software, and solutions.

Plans to acquire TCS were announced on April 27. Terms of the acquisition were not disclosed.

The acquired products are market-leading software solutions that have been developed in close consultation with clients to help streamline the corporate tax compliance workflow process. The products will be marketed worldwide under the CCH brand.

The Tax Integrators are comprehensive solutions designed to streamline the corporate tax compliance workflow process through data gathering, analysis, provisioning, reporting, and, in some cases, filing. Integrators help corporations to manage their tax function more efficiently by focusing on reducing effort, reducing risk, and increasing integrity.

"The acquisition of these products is very exciting for Wolters Kluwer as they extend our ability to deliver leading global corporate tax and accounting solutions," said Wolters Kluwer Tax & Accounting CEO Kevin Robert. "We're confident that corporate tax professionals and their advisors around the world will quickly realize the value of these products to them, and their clients. In fact, the recent signing of an agreement that will see the Global Tax Integrator used in up to 140 countries is a great example of the global scope and value these solutions offer."