Tim Feldman, Vice President and General Manager of Healthcare Compliance
In an ever-evolving tax industry, the tax law continues to change. To that end, one needs an experienced partner that can support their tax business, offer advanced time-saving functionalities to boost ROI and help to move the business forward. Wolters Kluwer’s TaxWise enables tax and accounting professionals and businesses of all sizes drive productivity, navigate change, and deliver better outcomes. With workflows optimized by technology and guided by deep domain expertise, the company help organizations grow, manage, and protect their client’s businesses. Further, TaxWise offers the largest variety of bank product programs, ranging from low-cost options to traditional offerings.
TaxWise has something to fit almost every business. Tim Feldman, VP and GM at Wolters Kluwer, responsible for the Healthcare Compliance & Reimbursement (HC&R) business unit focused on meeting the compliance needs of healthcare providers, payors, device and pharma manufacturers, and others in the healthcare arena, say, “we provide SaaS solutions that range from current awareness, like Health Law Daily™, to complete workflow solutions.
By providing these insightful solutions, we help customers build a strong culture of compliance to manage and mitigate risks associated with protected health information (PHI).” With the help of Wolters Kluwer, the company’s clients can prepare and file U.S. tax returns faster — maximizing their productivity and revenue. Whether one prepares individual 1040 or business tax returns, they can always select from a range of options and packages to meet their specific needs and focus on its clients and grow their business. TaxWise offers a wide selection of fee payment options — ranging from traditional refund transfer products (bank products) to low-cost possibilities that help collect fees at no cost to the taxpayer.
We offer the perfect marriage of workflow tools with regulatory and compliance content to deliver a comprehensive and integrated solution
Refund transfers (bank products) give tax preparers the ability to deduct tax preparation fees from a tax refund, limiting taxpayers’ upfront expenses — and allowing one to attract and retain clients while benefitting from fee-based revenues. Wolters Kluwer lets clients choose from a selection of fee payment options, ranging from traditional refund transfer products (bank products or settlement solutions) to low-cost options that help accumulate tax prep fees at no cost to the taxpayer. Also, Refund Transfer products help clients access their wealth, with the opportunity to receive their tax refund via direct deposit, check or prepaid card. Likewise, alternative fee collection programs include refund advance products (Pre- Ack Loans), Fee Collect™ and 3Fund™.
As an example of how Wolters Kluwer assists organizations in enhancing the effectiveness of their business operations, Sunrise Community, a private, not-for-profit healthcare organization, adopted ComplyTrack—another novel solution for Wolters Kluwer’s—for record creation, investigation, and data gathering/reporting. ComplyTrack markedly simplified record creation and reporting by automating labour-intensive, multi-step processes while enabling automatic investigation tracking. “Our solution enabled Sunrise to build and maintain a culture of compliance across a multi-state organization,” remarks Feldman.
Powered by TaxWise Online, the Virtual Tax Office provides tax preparers with the ability to access their tax returns and source documents anytime, anywhere — using their laptop, tablet, or smartphone. This way, Wolters Kluwer addresses the challenge of supporting a culture of compliance by providing a wide range of applications to support all aspects of the compliance workflow in combination with some of the fastest implementation and best support in the tax and accounting industry. “We offer integrated workf low tools with regulatory and compliance content to deliver a comprehensive and powerful solution,” concludes Feldman.