New Tax Briefing from Wolters Kluwer, CCH Analyzes Latest Federal Budget Plan

(RIVERWOODS, ILL., March 13, 2014) – There are more than 160 tax proposals within President Obama’s new $3.9 billion federal budget proposal, with about 30 that are new or modified from last year’s plan. Central themes focus on renewed calls for expanding child, family and education tax credits as well as limiting tax preferences for higher income earners and businesses while emphasizing tax reform benefiting families and lower income individuals. CCH, a part of Wolters Kluwer and leading global provider of tax, accounting and audit information, software and services (CCHGroup.com) has issued a new Tax Briefing: Fiscal Year (FY) 2015 Budget Proposals providing clear explanation and analysis on potential tax impacts of specific measures.

“While some may argue the plan comes up short on tax breaks for businesses, there are specific proposals that may be appealing, such as a permanent research tax credit and an extension of the Work Opportunity Tax Credit (WOTC),” said CCH Principal Federal Tax Analyst, Mark Luscombe, JD, LLM, CPA. “The President’s plan also calls for reducing the corporate tax rate, if businesses are willing to give up some tax preferences they currently receive.”

For More Information

The new Tax Briefing is available at – Fiscal Year (FY) 2015 Budget Proposals or by visiting CCHGroup.com/Legislation where readers may access recent Tax Briefings from Wolters Kluwer, CCH on significant tax law developments.

Members of the press interested in speaking with tax experts on this and other topics should contact Eric Scott, 847-267-2179, eric.scott@wolterskluwer.com or Brenda Au at 847-267-2046, brenda.au@wolterskluwer.com.

About CCH, a part of Wolters Kluwer

CCH, a part of Wolters Kluwer (CCHGroup.com) is a leading global provider of tax, accounting and audit information, software and services. It has served tax, accounting and business professionals since 1913. Among its market-leading solutions are The ProSystem fx® Suite, CCH Axcess™, CCH® IntelliConnect®, Accounting Research Manager® and the U.S. Master Tax Guide®. CCH is based in Riverwoods, Ill. Follow us on Twitter @CCHMediaHelp. Wolters Kluwer (www.wolterskluwer.com) is a market-leading global information services company. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices

 

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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