Definition
Commerce Clearing House (CCH) is a leading provider of tax and business law information. Established in 1913, CCH is known for producing reliable and comprehensive resources that cater to the needs of tax, accounting, legal, and business professionals. The company’s extensive product line includes interpretive reporting, electronic databases, research solutions, and workflow tools designed to support professionals in their operational and compliance tasks.
Examples
- CCH IntelliConnect: An online research platform offering a vast repository of tax, accounting, and legal resources.
- CCH ProSystem fx: A suite of software products designed for tax compliance, auditing, document management, and practice management.
- CCH Axcess: A cloud-based tax and accounting platform that integrates various modules such as tax preparation, document management, and practice management, providing an efficient workflow for professionals.
Frequently Asked Questions (FAQs)
What kind of publications does CCH offer?
CCH publishes a wide range of tax, legal, and business resources, including interpretive guides, statutory materials, case law, regulatory information, and practical workflow tools.
Who typically uses CCH products?
Tax professionals, accountants, legal professionals, and business consultants frequently use CCH products for research, compliance, and workflow management solutions.
How can CCH resources benefit a business?
CCH resources help businesses ensure compliance with current tax laws and business regulations, streamline workflow processes, and stay informed about regulatory changes, thus improving overall operational efficiency.
Is CCH part of a larger organization?
Yes, CCH is part of Wolters Kluwer, a global leader in professional information, software solutions, and services.
How do I access CCH products and services?
CCH products and services can be accessed through their online platforms such as CCH IntelliConnect, or purchased as individual software products and publications.
- IntelliConnect: An integrated online platform from CCH that provides access to a comprehensive library of tax and accounting resources.
- ProSystem fx: A suite of professional software tools from CCH designed to facilitate tax compliance, auditing, document management, and practice management.
- Axcess: A cloud-based platform from CCH that integrates various accounting and tax tools for streamlined practice management.
- Wolters Kluwer: The parent company of CCH, providing specialized information and services in legal, business, tax, and accounting sectors.
Online References
Suggested Books for Further Studies
- “CCH Federal Taxation: Comprehensive Topics” by Ephraim P. Smith, Ph.D., C.P.A.
- “U.S. Master Tax Guide (2023) by Wolters Kluwer Editorial Staff
- “CCH Accounting for Income Taxes” by Sean T. Maresh, C.P.A.
- “CCH’s Guide to Tax and Financial Planning for Tax Professionals” by Sidney Kess
Fundamentals of Commerce Clearing House: Business Publications Basics Quiz
### What type of resources is CCH best known for?
- [x] Tax and business law information
- [ ] Medical journals
- [ ] Engineering manuals
- [ ] Art and literature reviews
> **Explanation:** CCH is best known for its comprehensive collection of tax and business law information, designed to support professionals in these fields.
### Which of the following is an online research platform provided by CCH?
- [ ] TurboTax
- [x] IntelliConnect
- [ ] Canva
- [ ] Coursera
> **Explanation:** IntelliConnect is CCH's proprietary online research platform that provides a wide range of tax, accounting, and legal resources.
### What is CCH ProSystem fx primarily used for?
- [ ] Graphic design
- [x] Tax compliance and practice management
- [ ] Social media management
- [ ] Content writing
> **Explanation:** CCH ProSystem fx is a suite of tools designed for tax compliance, auditing, document management, and practice management.
### Who owns Commerce Clearing House (CCH)?
- [ ] Microsoft
- [ ] Adobe
- [ ] Thomson Reuters
- [x] Wolters Kluwer
> **Explanation:** CCH is a part of Wolters Kluwer, a global provider of professional information services.
### Which of the following is a cloud-based platform provided by CCH?
- [ ] QuickBooks Online
- [ ] Azure
- [x] Axcess
- [ ] Dropbox
> **Explanation:** Axcess is a cloud-based platform from CCH that integrates various tax and accounting tools for efficient practice management.
### Can CCH resources be used for legal research?
- [x] Yes, they provide comprehensive legal information.
- [ ] No, they are only for tax professionals.
- [ ] Only if you have a special license.
- [ ] No, CCH does not provide legal resources.
> **Explanation:** CCH offers a wide array of legal resources that can be used for comprehensive legal research.
### What is the primary industry served by CCH's publications and tools?
- [ ] Healthcare
- [ ] Hospitality
- [x] Tax, accounting, and legal sectors
- [ ] Education
> **Explanation:** CCH primarily serves the tax, accounting, and legal sectors, offering specialized tools and information for professionals in these industries.
### How does CCH help businesses?
- [ ] By offering marketing services
- [ ] By providing entertainment options
- [x] By ensuring compliance with tax laws and streamlining workflows
- [ ] By managing human resources
> **Explanation:** CCH helps businesses ensure compliance with tax laws, stay updated on regulations, and streamline workflow processes.
### How can someone access CCH products?
- [ ] Only in physical stores
- [x] Through online platforms and software products
- [ ] Through monthly mail subscriptions
- [ ] By attending special seminars
> **Explanation:** CCH products can be accessed via online platforms, digital tools, and software products, allowing users to benefit from their comprehensive resources.
### What guides CCH's creation of their tax publications?
- [x] Regulatory changes and interpretations
- [ ] Movie trends
- [ ] Sports statistics
- [ ] Music charts
> **Explanation:** CCH's creation of their tax publications is guided by regulatory changes, legal interpretations, and the need to provide accurate, actionable information for professionals.
Thank you for exploring the world of Commerce Clearing House and testing your knowledge with our quiz! Keep using premium resources to enhance your professional expertise!
