What Is CCH Used for in Tax and Accounting?

CCH provides information, software, and services for tax, accounting, and legal professionals. Its solutions help them navigate industry complexities. CCH delivers tools supporting compliance, research, and workflow management, enhancing user efficiency and accuracy.

Understanding CCH

CCH, formerly Commerce Clearing House, is a brand under Wolters Kluwer. Founded in 1892, it has been a Wolters Kluwer subsidiary since 1995.

CCH delivers solutions that help professionals manage complex regulatory environments. These solutions assist users in maintaining compliance, making informed decisions, and streamlining operational processes. Its expertise spans various domains, supporting a diverse client base.

Key Offerings and Solutions

CCH offers products and services for professional needs. For tax professionals, CCH provides solutions for tax research and compliance. These include databases of tax laws, regulations, and case law, plus analytical tools for tax planning, preparation, and compliance. CCH provides thousands of automatically calculating forms and schedules for federal, state, county, and city entities.

For accounting and audit professionals, CCH delivers software and resources for financial reporting, audit management, and general accounting practices. Solutions like CCH Axcess Audit and CCH ProSystem fx Audit streamline engagements, improve audit quality, and ensure adherence to accounting standards. These tools integrate risk-based auditing methodologies and provide structured guidance.

CCH also provides legal and regulatory information, offering resources for compliance, corporate governance, and industry-specific regulations. This includes coverage of federal and state laws, regulations, and court cases. CCH also offers workflow and practice management tools that help firms manage clients, projects, time, and operations. These tools automate tasks, track progress, and improve firm productivity.

How CCH Supports Professionals

CCH’s offerings support tax professionals by helping them navigate the evolving tax landscape. Tools provide access to updated tax laws, IRS guidance, and forms, ensuring accuracy in tax preparation and planning. This helps reduce compliance risks, improves efficiency in processing tax returns, and manage work volume.

Accountants and auditors benefit from CCH solutions that facilitate financial statement preparation and audit execution. Integrated audit platforms assist in ensuring adherence to generally accepted accounting principles (GAAP) and other accounting standards. These tools provide risk-based methodologies and real-time data insights, which enhance audit quality and streamline the entire engagement process.

For legal and compliance teams, CCH resources aid in regulatory research and risk management. Professionals access legal information for compliance with federal and industry-specific regulations, aiding corporate governance and mitigating legal exposures. Information helps teams stay current with legislative changes, such as those impacting securities laws or corporate reporting requirements. CCH solutions contribute to increased productivity, accuracy, and improved decision-making, fostering operational efficiency and client service.