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Leslie Bonacum
847-267-7153
mediahelp@cch.com
Neil Allen
847-267-2179
neil.allen@wolterskluwer.com

CCH Tax and Accounting Forms Exclusive Partnership with PayCycle to Provide Easy, Profitable Payroll to Accountants

Integration with New ProSystem fx Write-Up Enhances Productivity

(RIVERWOODS, ILL., September 22, 2004) - CCH Tax and Accounting (CCH), a leading provider of tax, accounting and productivity software and services, has selected award-winning PayCycle® as the exclusive payroll provider for the new ProSystem fx Write-Up module (tax.cchgroup.com). PayCycle is an online, self-service payroll service designed to help accountants quickly, easily and profitably manage small business client payroll.

"We are very excited about our partnership with PayCycle," said Ernest Zoumot, director of Product Management for CCH Tax and Accounting. "The PayCycle service is easy to use, has very high customer satisfaction ratings and offers tremendous value to our ProSystem fx Write-Up customers."

PayCycle’s Internet-based approach provides step-by-step guidance through the entire payroll process — including setting up, creating paychecks, making federal and state payments and filings, and even generating W-2s — for as low as $9.99 per client per month.

"Accountants are most interested in client payroll if it can be handled quickly and inexpensively, and is backed by great support," noted Zoumot. "PayCycle now delivers all of this directly to ProSystem fx Write-Up users for unparalleled service and ease of use."

The PayCycle service integrates directly into ProSystem fx Write-Up, and all Write-Up users qualify for PayCycle’s Wholesale Program for Accounting Professionals, which offers the PayCycle service for a flat $14.99 per client, per month fee for the first five clients. The cost decreases to $9.99 per month for each additional client. There are no extra charges for number of employees, direct deposit, electronic tax payments and filings, accounting software integration, reports or W-2s.

In addition to the online payroll service, PayCycle’s Wholesale Program for Accounting Professionals offers special accountant features such as dual accountant-client access and a client overview dashboard. The program also features rich marketing resources to help build a substantial client base, and unlimited, toll-free customer service with payroll experts. Both companies also announced the launch with three-month free promotions.

For More Information

ProSystem fx Write-Up, launched in September 2004, was developed from the ground up using the latest technology including .NET and MSDE, in addition to the latest in grid controls to allow greater flexibility in viewing and mining data. Integrated with ProSystem fx® Tax, Write-Up’s ease-of-use functionalities leverage Dynalink and Quiklink’s proven technology, while integration with ProSystem fx® Engagement and Trial Balance, plus a variety of payroll options, take users from transactions to tax returns in no time. For more information about ProSystem fx Write-Up or The ProSystem fx Office, call 1-800-739-9998.

About PayCycle

PayCycle, Inc. offers small businesses and accounting professionals the easiest and lowest cost option to manage and control their payroll. The company’s unique, self-service, Internet-based solution walks users through the entire payroll process from paychecks to W-2s. It includes step-by-step guidance, email reminders and To Do lists. The service integrates with QuickBooks®, QuickBooks Online Edition, Microsoft® Money and Quicken® 2004 or earlier, so users never have to enter paycheck data twice. On the Net: paycycle.com

Headquartered in Palo Alto, Calif., PayCycle is well-known as a payroll industry technology leader. The company was the first to partner with the IRS and several states to develop e-filing standards for small businesses. It is also the first and only self-service payroll solution to offer complete support for federal and state tax deposit and filings.

About CCH Tax and Accounting

CCH Tax and Accounting (www.tax.cchgroup.com), based in Riverwoods, Ill., is a leading provider of tax, audit, and accounting information, software and services. It has served tax, accounting and business professionals and their clients since 1913. Among its market leading products are The ProSystem fx® Office, CCH® Tax Research NetWork™, Accounting Research Manager™ and the U.S. Master Tax Guide®. CCH Tax and Accounting is a Wolters Kluwer company (www.wolterskluwer.com). Wolters Kluwer is a leading multinational publisher and information services company. Wolters Kluwer has annual revenues (2003) of €3.4 billion, employs approximately 18,750 people worldwide and maintains operations across Europe, North America and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands.

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