Automating compliance

With compliance work still at the core of every practice, we take a look at some of the key technology in the compliance arena.

Growing through uncertainty – the power of practice insight

Business intelligence is a key part of managing your practice through uncertainty and remaining both profitable and relevant. Both are linked to the operational effectiveness for compliance and the value you add to your clients.

Making the most of the software to enable data-centric, insight-rich business decisions will not only see you through uncertain times but future-proof your processes for opportunities to come.

Often, with a long-term BI project, the potential value that can be achieved is linked to the creativity of the minds involved in the analysis. Asking “wouldn’t it be great if we could see this…?” may well unearth the next big discovery in your data, and it becomes easier to act on those ideas when you have a strong toolset that’s able to quickly assemble the answers.

Automating a gold mine of data

At Wolters Kluwer, our priority is providing timely, actionable insights in an end-to-end digital environment that empowers you and your clients to make informed decisions and deliver impact when it matters most. We have developed a bespoke set of Power BI dashboards using the data housed in CCH Central. Our teams will work with you to create a single intuitive set of dashboards from the data already in your CCH Central database today. These dashboards aggregate data from CCH Central visually into one place and can refresh each hour without the need for manual intervention.

Strategic BI dashboards like these are delivered in an interactive manner, enabling you to ‘slice and dice’ your view of the data in several different ways to become a data-driven, growth-orientated practice.

Reach out to your account manager or email to learn more what we are doing around advanced reporting at Wolters Kluwer.

Taxfiler is a cloud solution for preparing and filing accounts, tax and MTD VAT returns.

Did you know that more than 8,000 practices trust Taxfiler to prepare and file their statutory accounts and tax returns to Companies House and HMRC? The reason is our award-winning cloud suite delivers complete compliance, for any size of practice, that is flexible and affordable. Our customers love the fact that our online platform is easy to use and works on all modern web browsers, thereby making it simpler than ever to work from home.

Taxfiler was the winner of the Accounting Excellence Accounts Production software of the year 2018 and the Institute of Certified Bookkeepers (ICB) Accounts and Tax Software of the year 2018 and 2019.

Taxfiler has a simple, transparent monthly pricing policy, which enables filing for companies, partnerships, individuals and trusts. Moreover, all compliance modules are included in every pricing plan.

Our software delivers everything needed to run a successful practice:

- Accounts production - Partnerships, trusts & estates - Corporation Tax - VAT - Self-assessment - Practice Management

How CaseWare ensures accounting compliance

Producing statutory accounts can be time-consuming and labour-intensive, but one way you can help negotiate the myriad of accounting regulations is to let your software take the strain. That is what hundreds of major corporations and most of the large accounting firms do!

CaseWare provides a wide range of financial reporting templates, which all ensure the highest level of accuracy and compliance by streamlining and simplifying your reporting processes. All templates are compliant with the latest accounting standards – and regularly updated by our in-house compliance experts, taking the worry away from you.

With CaseWare, you can automate the iXBRL tagging process, produce compliant financial statements across a wide range of entity types, access powerful analysis tools and submit accounts to HMRC or Companies House. As well as CaseWare’s accounting software, the disclosure checklist provides a quality assurance process to those engaged in financial reporting to ensure everything is completed correctly and done so in as efficient a way as possible.

Accounting accuracy and compliance is key for good financial reporting. CaseWare can take the strain of financial year-end reporting and streamline the process for you.

Simple, practical and innovative solutions for practices and individuals.

Automating your compliance processes with TaxCalc is incredibly simple. And in these unprecedented times - when you need to find alternative ways to communicate with staff and clients, access your systems remotely and manage workflow more efficiently - it’s never been more necessary.

We’re an established provider of compliance software, catering for a wide range of compliance requirements including Accounts Production, Tax Return Production, Company Secretarial and VAT Filing. Our products work seamlessly together, exchanging data between applications, increasing speed and reducing errors.

Here are just some ways TaxCalc can transform your productivity

Automate workflow across your practice using TaxCalc Practice Manager Plus. See each stage of a job, which members of staff are assigned to which tasks and respective due dates.

Work remotely and connect to your client data fast and securely with TaxCalc CloudConnect.

Store, share and manage firm and client documents online with TaxCalc Document Manager, powered by SmartVault. Digitise and speed up your signing process with TaxCalc eSign Centre.

Track working hours in TaxCalc Time.

Maintain legal obligations to keep anti-money laundering records without meeting face-to-face with TaxCalc AML Identity Checking and TaxCalc AML Centre.

Award winning cloud practice software

During a period with so many compliance changes occurring so rapidly, the life of an accountant is a real challenge! As a software provider, we’re certainly helping you tackle that problem.

Through our secure cloud suite, recognised by HMRC & Companies House, our clients are safe in the knowledge of

knowing, their software provider is keeping them updated automatically behind the scene.

Navigate through the comfort of knowing your VAT, PAYE, Final Accounts and tax preparation tools are supported with all the latest compliance updates, now and in the future.

Get a free trial of our platform by visiting

Read next article

Books & Podcasts with Carl Reader