CCH Celebrates 90 Years of Authoritative Tax Law Information, 40 Years of Accounting Software Innovation

Setting the Standard in Tax Research, Leading the Way in Integrated Workflow Tools

(RIVERWOODS, ILL., August 26, 2003) – In 1913, as the U.S. government was issuing the first-ever federal 1040 income tax return, CCH also was launching a first – the first loose-leaf tax reporting service to help accountants and attorneys make sense of the new law and keep current with regular updates as the law changed. Ninety years and 55,000 pages later, CCH INCORPORATED, a Wolters Kluwer company, continues to publish that guide known as the Standard Federal Tax Reporter.

Over the past nine decades, CCH has continued to innovate and lead, establishing itself as a company of firsts – from the first loose-leaf reporting service, to the first online tax research system, to the first context-sensitive integration between its tax compliance software and research products. The company now produces more than 100 print and electronic information products annually for tax and accounting professionals.

This year also marks the 40th anniversary for CCH Tax Compliance in developing technology-rich solutions for the tax and accounting industry.

Today, CCH Tax Compliance is a leading provider of professional tax, accounting, audit and practice management software and solutions, marketing the premier suite of integrated tools and services available: The ProSystem fx® Office.

“CCH was founded on the principles of integrating innovative technologies with authoritative content to create resources that help professionals do their jobs,” said CCH Tax and Accounting CEO Kevin Robert. “Now, those principles are more important to our customers than ever before.”

Robert noted that the recent announcement that Wolters Kluwer is aligning CCH, CCH Tax Compliance and Aspen Publishers tax and accounting products into a single unit will further advance the company’s ability to deliver innovative solutions through integrated content and workflow tools.

“The strategy of leveraging the strengths of CCH, Tax Compliance and Aspen by creating a single Tax and Accounting unit is a natural extension of how we are already working today to better serve tax and accounting professionals,” said Robert.

CCH recognized years ago the potential of integrating content and tools, and responded with the development of Tax.CCHGroup.com, an integrated destination site specifically for tax and accounting professionals in North America, and with CCH ClientRelate. ClientRelate combines the power of the CCH Internet Tax Research NetWork with the strength of CCH’s ProSystem fx Tax compliance system to identify and analyze tax law changes for professionals so they can determine those clients who may be affected and offer them potential solutions thereby increasing the customer’s need for additional professional services.

“As we look to the future, we are now poised to leverage fully all the expertise, content and technology across our unit to provide the next generation of integrated content and software solutions that support the workflows of CPAs, tax attorneys and corporate tax and accounting departments,” said Robert. “And, we will continue to deliver the premium content and services on which our customers rely and on which our reputation is built.”

Attached to this release is a timeline of CCH through the years.

About CCH

CCH INCORPORATED, headquartered in Riverwoods, Ill., was founded in 1913 and has served four generations of business professionals and their clients. The company produces more than 700 electronic and print products for the tax, legal, securities, insurance, human resources, health care and small business markets.

Headquartered in Torrance, Calif., CCH Tax Compliance is a leading supplier of software for tax and accounting professionals. It offers The ProSystem fx Office, a powerful, integrated suite that includes modules for tax compliance, tax planning, trial balance, fixed assets, practice management, paperless engagements and web site development.

CCH and CCH Tax Compliance are Wolters Kluwer companies. The CCH Federal and State Tax group, CCH Tax Compliance and Aspen Publishers Tax and Accounting group comprise the new CCH Tax and Accounting unit. The unit’s web site can be accessed at http://www.cch.com.

AUTHOR

Wolters Kluwer Tax and Accounting

Wolters Kluwer Tax and Accounting is a leading provider of software solutions and local expertise that helps tax, accounting, and audit professionals research and navigate complex regulations, comply with legislation, manage their businesses and advise clients with speed, accuracy and efficiency. Wolters Kluwer Tax and Accounting is part of Wolters Kluwer N.V. (AEX: WKL), a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services. Wolters Kluwer reported 2016 annual revenues of €4.3 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,000 people worldwide. Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).

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