CGT Worksheet System:
less time and effort by you – more value for your client
CGT Reporter: features | demo | order
Since 2002 we've been building software that takes the drudgery out of CGT and Superannuation compliance. The CGT Worksheet System is available as an optional add-on to the Basic C.G.T Reporter, or as part of the Deluxe Edition. We now have tools that automatically compile and compute the bulk of your clients' data and give you the information and reports you need for income tax, capital gains tax, portfolio valuation, and superannuation audit.
You enter just your client's purchases and sales. The system automatically builds their DRPs, dividends, share splits, consolidations, cash issues and more, eliminating most of your data entry. Each new year, the new dividends, DRPs and corporate actions are added into your client's database at the touch of a button.
You can even let the software build your client's history backwards from a sale of shares or units, including DRPs, cash issues, splits and consolidations, and go from there to a complete CGT Worksheet - all in under 10 minutes!
Dividend Worksheet / Distribution Worksheet - Income tax components in seconds
Having built a client's portfolio holdings it takes just seconds to generate the Dividend and Distribution worksheets for Income Tax. Updating subsequent years' data takes moments rather than hours for larger portfolios.
Superannuation Worksheet / Portfolio Valuation Worksheet
Annual Superannuation or Portfolio Valuation statements take just seconds to produce using imported Share Prices already in CGT Reporter — a quick & easy Superannuation AUDIT or Portfolio Valuation Statement, including cost bases adjusted for capital returns and for the actual cost of sales (not "averaged"). The data is presented against the previous year's results, and split between listed and unlisted assets, and further subdivided into shares, units, etc. Where cost base information is supplied, this report presents the cost base against market value at year end and the unrealised gain or loss at year end.
CGT Worksheet
Manually building a record of clients' DRP allotments or working out the Tax Deferred component of each quarterly distribution for the past 15 years takes hours. Our system does it in moments — we offer dramatic savings in time and effort.
The CGT Worksheet lays out all the transactions related to a sale of securities, making CGT calculation fast and easy. Tax Deferreds are calculated and presented for you. Going from a sale, including DRPs, corporate events such as share splits, tax deferreds and more, to a completed CGT calculation, can take as little as 5 minutes!
Other Powerful Features
Work backwards from a sale, automatically building a complete history of your client's holding through DRPs, capital returns and more, getting a CGT worksheet in a few minutes!
Each report can be printed, or it can be passed into Excel for further calculation (such as splitting a mom-and-dad holding between the two partners).
Use the CGT Worksheet to work out the new cost base in a demerger or a takeover - typically in under 5 minutes.
Use the CGT Worksheet to check if tax-deferreds have reduced your clients' cost base to zero, making the following tax-deferreds immediately assessible as income.
Use the Worksheet System to help you with pre-CGT holdings which can be diabolically complex.