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CCH Axcess Tax from Wolters Kluwer
Professional tax planning software with tax projections, scenario modeling, compliance tools, automatic form population, and integration with other financial planning and accounting systems.
Product analysis by function
Tax Planning Software for Financial Planning
Applications that help advisors identify tax-efficient investment strategies, tax-loss harvesting opportunities, and integration of investment decisions with clients' overall tax situation.
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Tax-Loss Harvesting
(3 Yes /4 Known /10 Possible features)
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Automated Tax-Loss Harvesting Automatically identifies and suggests trades to realize losses for tax benefits. |
Not as far as we are aware.* No public documentation or reviews indicate automated tax-loss harvesting in CCH Axcess Tax; focus is on tax preparation and compliance, not automated portfolio trading. | |
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Frequency of Harvesting How often the software scans and implements tax-loss harvesting opportunities. |
No information available | |
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Wash Sale Detection Detects potential wash sales and provides alerts or recommendations. |
No information available | |
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Harvesting Threshold Customization Advisors can set minimum loss thresholds for triggering tax-loss harvesting actions. |
No information available | |
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Cross-Account Harvesting Ability to identify tax-loss harvesting opportunities across multiple client accounts. |
No information available | |
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User Override of Harvesting Suggestions Allows advisors to override or approve tax-loss harvesting recommendations. |
No information available | |
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Reporting of Harvested Losses Provides detailed reports of realized losses for compliance and strategy review. |
CCH Axcess Tax includes robust tax compliance reporting for realized gains and losses, supporting compliance and strategy review. | |
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Real-Time Opportunity Alerts Notifies users immediately when new tax-loss harvesting opportunities arise. |
No information available | |
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Integration with Portfolio Management Seamlessly integrates with existing portfolio management tools and workflows. |
The product integrates with CCH Axcess Practice, Workstream, Document, and external accounting systems, confirming seamless workflow integration. | |
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Tax Impact Simulation Simulates the projected tax impact of harvesting specific losses. |
Scenario modeling in CCH Axcess Tax allows projected tax impacts based on different strategies, including harvest-related what-if analysis. |
Tax-Efficient Investment Strategies
(4 Yes /5 Known /10 Possible features)
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Asset Location Optimization Optimizes asset placement across taxable and tax-advantaged accounts. |
No information available | |
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Tax Drag Analysis Quantifies the annual tax impact (drag) of different portfolios. |
CCH Axcess Tax provides tax drag or annual impact analysis through custom report creation and multiyear tax projections. | |
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Tax-Efficient Withdrawal Sequencing Advises on withdrawal order from different account types to minimize taxes. |
No information available | |
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Projection of After-Tax Returns Shows expected net returns after incorporating anticipated taxes. |
The software provides after-tax projections for estimated client liabilities, per product documentation. | |
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Roth Conversion Analysis Models the tax consequences of Roth IRA conversions. |
No information available | |
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Capital Gains Minimization Tools Identifies trades and strategies to minimize realized capital gains. |
Not as far as we are aware.* CCH Axcess Tax does not provide portfolio trading tools for capital gains minimization; focus is on tax compliance and reporting. | |
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Automated Rebalancing Tax Analysis Assesses tax costs associated with portfolio rebalancing. |
No information available | |
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Short-term vs Long-term Gain Recognition Distinguishes and tracks gains for relevant tax treatment. |
No information available | |
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Customized Strategy Recommendations Provides tailored, client-specific tax strategy advice. |
The system offers customizable, client-specific tax strategy recommendations and projections. | |
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Multi-year Tax Projection Projects multi-year tax liabilities under proposed strategies. |
Enables multi-year tax projections as noted in CCH Axcess Tax feature summaries. |
Tax Scenario Modeling & Forecasting
(7 Yes /7 Known /10 Possible features)
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What-if Scenario Analysis Allows users to test tax results under different scenarios and plan changes. |
Scenario modeling allows what-if and sensitivity analysis of client tax outcomes. | |
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Multi-Year Tax Forecasts Provides forecasts of tax liabilities over multiple future years. |
Multi-year tax forecasts are a standard feature highlighted in the platform's marketing materials. | |
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Customizable Tax Rates Supports entry and adjustment of custom federal, state, and local tax rates. |
Custom federal and state tax rates supported per documentation for accurate scenario planning. | |
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Estate & Gift Tax Simulation Models estate and gift tax exposure based on current and hypothetical portfolios. |
Models for estate, gift, and other federal taxes are included in the product suite. | |
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Legislation Impact Modeling Analyzes tax impact of proposed or potential legislative changes. |
Platforms like CCH Axcess Tax maintain updates and scenario tools for legislative and regulatory change impact. | |
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Monte Carlo Tax Simulations Uses stochastic modeling for tax forecasting under uncertainty. |
No information available | |
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Goal-Based Forecasting Integrates tax effects into financial plan goal projections. |
No information available | |
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Collaborative Scenario Sharing Enables sharing modeled tax scenarios with clients or team members. |
CCH Axcess Tax enables scenario file exports and secure document sharing for collaborative review. | |
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Historical Scenario Review Allows comparison of past plan recommendations with current scenarios. |
Historical scenario and return review supported, e.g., prior year(s) comparison. | |
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Sensitivity Analysis Assesses how sensitive outcomes are to changes in tax assumptions. |
No information available |
Integration & Data Management
(7 Yes /7 Known /10 Possible features)
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Account Aggregation Aggregates data from multiple financial accounts (brokerage, retirement, bank, etc.). |
Aggregates data across tax, accounting, and portfolio systems; integrations noted on product site. | |
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API Integration Offers programmable interfaces for connecting to other software systems. |
API integration with accounting practice software and third-party applications is supported by CCH Axcess. | |
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Direct Custodian Connectivity Connects directly to custodians for real-time client data. |
No information available | |
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CRM Integration Integrates with advisor CRM systems for seamless workflow. |
CRM integrations are available through the Axcess suite, according to vendor documentation. | |
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File Import/Export Capabilities Supports importing and exporting of client and investment data files. |
Supports import/export of client, document, and tax data in multiple file formats. | |
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Data Refresh Frequency How often external account or position data are refreshed. |
No information available | |
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Custom Data Mapping Allows mapping of external data fields to internal software fields. |
No information available | |
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Audit Trail of Data Changes Maintains records of data updates for compliance. |
Audit trail for document and data changes is a key compliance feature in CCH Axcess Tax. | |
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Cloud Data Storage Stores data in the cloud for remote access and backup. |
CCH Axcess operates as a cloud-native solution with cloud data storage. | |
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Real-Time Syncing Data synchronizes in real time with other platform elements. |
Real-time syncing is supported within Axcess product suite. |
Tax Compliance & Reporting
(10 Yes /10 Known /10 Possible features)
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Automated Tax Form Generation Creates electronic or printable versions of required tax forms (e.g., 1099, Schedule D). |
CCH Axcess Tax generates all required tax forms (1099, Schedule D, etc.) automatically based on input data. | |
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Capital Gains and Income Reporting Summarizes annual capital gains, losses, and income by account or tax lot. |
Provides comprehensive capital gains/loss/income reporting per account and tax lot. | |
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Compliance Rule Updates Automatically updates for new federal and state tax law changes. |
Regular software updates accommodate compliance rule changes at the federal and state level. | |
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Error Checking & Reconciliation Provides automated checks for inconsistencies or compliance errors. |
System includes automated error detection, reconciliation, and review functionality. | |
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Tax Filing Export Exports data for use with tax filing software or professionals. |
Exports in formats suitable for e-filing or third-party tax software are supported. | |
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Document Retention Management Supports secure storage and retention of tax documents per regulations. |
Document retention and secure file storage are incorporated to meet compliance obligations. | |
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Client Tax Summary Reports Generates summary reports of client tax positions for review. |
Tax summary and client review reports are standard functionality. | |
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State and Local Tax Calculations Supports compliance for all relevant state and local tax rules. |
CCH Axcess supports all U.S. federal, state, and local income tax calculations. | |
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Amended Returns Support Supports creation of amendments to prior-year tax returns. |
Software allows preparation and e-filing of amended returns for prior tax years. | |
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Regulatory Change Alerts Notifies users of significant changes in tax law or filing requirements. |
Product includes user-configurable alerts and notifications on federal/state rule changes. |
User Interface & Usability
(8 Yes /8 Known /10 Possible features)
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Dashboard Customization Users can configure dashboards to suit their workflow and preferences. |
Customizable user dashboards are supported in Axcess suite. | |
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Mobile Access Accessible via mobile devices or dedicated mobile apps. |
Browser-based and mobile access supported. | |
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Guided Workflows Step-by-step walkthroughs for common tax planning processes. |
Product documentation highlights guided workflows and checklists for preparers. | |
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Multi-language Support User interface available in multiple languages. |
No information available | |
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Accessibility Features Tools for visually impaired or other accessibility needs. |
No information available | |
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Search and Filter Functions Easily search for and filter clients, accounts, or transactions. |
Client and transaction search/filter featured as productivity enhancements. | |
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Customizable Reports Users can build and customize their own reports. |
Custom report builder for bespoke and regulatory reports is available. | |
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Bulk Edit and Batch Actions Ability to apply changes across multiple clients or portfolios at once. |
Bulk edit and mass actions over client lists, e.g., engagement letters or notifications. | |
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Real-time Help and Guidance Integrated documentation or chat support for immediate assistance. |
Help and support are available in-platform, including contextual documentation. | |
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Client Portal Dedicated portal for clients to view their tax planning results and reports. |
Client portals for tax returns and secure review are part of CCH Axcess suite. |
Client Communication & Collaboration
(7 Yes /7 Known /10 Possible features)
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Secure Document Sharing Share sensitive files securely between advisor and client. |
Supports secure document sharing between firm and client. | |
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Commenting and Annotations Leave comments and notes directly on reports or scenarios. |
Commenting and sticky note capability present in document management modules. | |
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E-signature Integration Collect required signatures within the platform. |
E-signature integration via CCH Sign (and integration with DocuSign). | |
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Meeting Scheduler Built-in tools for scheduling tax review meetings. |
CCH Axcess Practice includes built-in meeting scheduling tools. | |
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Customizable Email Templates Create templates for standardized client communications. |
Customizable email templates available for standardized communications. | |
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Alerts & Notifications Configurable email or in-app tax deadline reminders. |
Tax deadline, filing reminders, and alerts can be set at client or firm level. | |
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Interactive Plan Visualizations Tools for interactive presentation of tax planning outcomes. |
No information available | |
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Shared To-do Lists Collaborative task lists between advisor and client |
No information available | |
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Document Upload by Clients Clients can upload documents securely to the advisor platform. |
Clients can upload supporting documents securely to the firm's portal. | |
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Client Feedback Mechanism Enable clients to provide feedback within the portal. |
No information available |
Security & Compliance
(9 Yes /9 Known /10 Possible features)
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Multi-factor Authentication Requires multiple authentication methods for system access. |
CCH Axcess requires multi-factor authentication for cloud access. | |
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End-to-End Encryption Encrypts data at rest and in transit across the system. |
Industry-standard end-to-end encryption is included as per security materials. | |
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User Access Controls Granular permissions for managing roles and privileges. |
Granular user roles and permissions configurable at firm and team level. | |
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Regular Security Audits Platform is audited for security vulnerabilities on a regular basis. |
Wolters Kluwer conducts regular security audits for all cloud products. | |
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SOC 2 or Similar Certifications Holds third-party security and data handling certifications. |
CCH Axcess Tax and vendor Wolters Kluwer are SOC 2 certified. | |
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Data Residency/Localization Support for storing data in required jurisdictions. |
No information available | |
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Data Retention Settings Customizable retention periods for sensitive client data. |
Admin can specify data/document retention rules per practice guidelines. | |
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Automatic Session Timeouts Automatically logs out users after inactivity. |
Session timeouts enforced for inactive sessions per security FAQ. | |
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Audit Logging Monitors access and action history for compliance purposes. |
System captures and logs all user access and changes for compliance. | |
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Incident Response Plan Comprehensive documented plan for responding to security incidents. |
CCH Axcess has a formal, documented incident response plan as part of its SOC 2 compliance. |
Analytics & Reporting
(9 Yes /9 Known /10 Possible features)
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Custom Report Builder Allows users to build bespoke reports with selected fields and filters. |
Custom report builder available for analytics and compliance use cases. | |
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Scheduled Report Delivery Supports automated generation and delivery of reports on a schedule. |
Scheduled report generation and notifications possible within Axcess suite. | |
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Benchmark Comparison Tools Compares client portfolios and tax outcomes to relevant benchmarks. |
Benchmarking available via analytics and report module. | |
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Aggregation of Analytics Across Clients View tax metrics and performance in aggregate across client base. |
Aggregate analytics possible for large firms across all clients. | |
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Export to PDF/CSV/XLS Export all reports and analytics to common file formats. |
All reports exportable in PDF, CSV, XLS formats. | |
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Drill-down Analysis View detailed analytics down to transaction or tax lot level. |
Detailed drill-down to tax items and transaction level supported. | |
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Historic Reporting Archive Maintains an archive of past analytics and reports. |
Historic reporting archive part of document retention and reporting modules. | |
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Tax-Efficiency Metrics Specific metrics measuring portfolio tax efficiency over time. |
No information available | |
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Custom KPI Dashboards Key performance indicators dashboards are configurable per user. |
Custom KPI dashboards advertised as part of the Axcess suite. | |
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Visualizations & Charts Suite of charting tools for tax and portfolio analytics. |
Visualization and charting tools are provided for tax analysis. |
Support & Training
(9 Yes /9 Known /10 Possible features)
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Onboarding Assistance Personalized onboarding for new users and firms. |
Onboarding support and staff training provided as part of implementation. | |
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Knowledge Base Access Comprehensive online documentation and FAQs. |
Comprehensive knowledge base and documentation provided online. | |
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Live Chat Support Immediate in-platform chat for tech and strategic support. |
Live chat and real-time support are available to firm users. | |
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Phone and Email Support Multiple support channels including phone and email. |
Phone and email support are standard for all subscribers. | |
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Webinars and Training Resources Regular online events and resources for training. |
Webinars and robust training resources available to users. | |
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Dedicated Customer Success Manager Assigns a point of contact for account success and troubleshooting. |
Large firms assigned a dedicated customer success manager. | |
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Community Forums Access to online discussion boards or peer support. |
Community user discussion forums offered for knowledge sharing. | |
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Feature Request Feedback Loop Clients can request new features and track implementation. |
Clients are able to submit feature requests and track product updates. | |
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Context-Sensitive Help In-software help that adapts to current screen/function. |
Context-sensitive help and explanations built into user interface. | |
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Training Certification Programs Offers formal certification for product proficiency. |
No information available |
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