Wolters Kluwer Empowers Tax Returns with AI-Driven Assistant

Wolters Kluwer Introduces New AI Features for Tax Software

Wolters Kluwer Tax & Accounting (TAA) Germany has recently revealed innovative GenAI capabilities within its highly regarded tax solution, SteuerSparErklärung. This significant update includes the introduction of an AI-powered digital assistant named 'Alma'. With over 45 years of expertise incorporated into its design, Alma is equipped to interpret users' questions in a natural language, ensuring responses are both swift and precise.

Enhancements in User Experience

Alongside Alma, this version of SteuerSparErklärung boasts a revamped user interface that focuses on simplified navigation. Users can easily go through their tax returns with greater confidence and security. Whether you are a novice or have experience with tax returns, this platform is tailored to optimize the user experience.

Key Features of SteuerSparErklärung

Wolters Kluwer has included several advanced features aimed at assisting users throughout the tax preparation process. Here are some notable enhancements:

• Simplified Navigation: Efficient guidance provided during the tax return process, allowing for faster completions.
• Data Importation: Users benefit from time-saving data transfers from the previous year's submissions, including pre-filled tax return options.
• Cryptocurrency Reporting: Effortless integration of cryptocurrency profits into the tax declaration with the help of a partner service, CoinTracking.
• Plain Communication: A straightforward question-and-answer style ensures clarity and ease for users as they progress through their tax returns.
• Automatic Checks: The software conducts plausibility tests and optimizes potential refunds, making it accessible even for those with no prior tax knowledge.
• Digital Submission Options: Options for electronic submission of tax returns are available for users without an ELSTER certificate, specifically through SteuerSparErklärung Flex and Plus.
• Support for Protests: Users receive help in drafting objections in case the tax refunds issued by the tax office do not meet expectations.
• Data Security: All user information is securely stored on individual systems, ensuring privacy and protection.

Commitment to Responsible AI

Wolters Kluwer is dedicated to maintaining ethical standards in the development of AI systems. The company prioritizes responsible practices throughout the design, implementation, and post-launch phases. Conducting ongoing risk assessments allows them to address potential issues efficiently and effectively.

AI Principles for Secure Solutions

In 2023, Wolters Kluwer established its AI Principles, aimed at fostering the creation of secure and transparent AI. The company emphasizes high-quality, expertly curated content to enhance the functionality of Alma. However, it is important to remember that the information provided by Alma should not substitute for professional tax advice; users are encouraged to seek guidance from qualified experts as necessary.

About Wolters Kluwer

Wolters Kluwer (EURONEXT: WKL) is a prominent player in offering information and software solutions across various sectors, including healthcare, tax and accounting, corporate compliance, legal, and more. With an annual revenue of €5.6 billion reported recently, the company services clients in over 180 countries and employs around 21,400 professionals globally. Based in Alphen aan den Rijn, the Netherlands, Wolters Kluwer is committed to aiding its customers in making informed decisions every day through comprehensive expert solutions.

Frequently Asked Questions

What is SteuerSparErklärung?

SteuerSparErklärung is a tax software from Wolters Kluwer designed to assist users in filing their personal income tax returns.

How does Alma enhance the user experience?

Alma, the AI digital assistant, provides users with quick and accurate answers to their tax-related questions, simplifying the filing process.

What are the new features in SteuerSparErklärung?

The latest version includes features such as simplified navigation, automatic checks for plausibility, and support for cryptocurrency reporting.

Is my tax data secure using Wolters Kluwer software?

Yes, Wolters Kluwer ensures that all user data is securely stored on their systems, protecting user privacy.

Does Wolters Kluwer offer professional tax advice?

While Wolters Kluwer provides valuable tools and information, Alma does not replace professional advice. Users should consult tax professionals when needed.

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