Category - CGiX
Wealth managers need an easier way to report on multi and joint accounts. Learn how CGiX can help you do just that. Increasing numbers of middle earners paying tax There are many complexities when it comes to creating accurate client tax reports. And the reporting burden will only get heavier as regulations continue to evolve. […]
Tax Talk is a regular series written by FSL’s tax expert, Alex Ranahan. Alex has nearly ten years’ experience as a tax adviser and analyst. He is accredited by The Association of Taxation Technicians and was recently elected co-chair of the Tax Committee for The Investing and Saving Alliance. Alex’s Tax Talks are on general topics and […]
We noted on our website in early April that in an update to agents HMRC had quietly buried an announcement that the tax return for 2022-23 would contain new boxes for reporting gains on disposals of Excluded Indexed Securities. FSL promised to respond to this new regulatory requirement and provide our clients with new functionality […]
The 2023 Spring Budget included capital gains tax (CGT) allowance changes that will likely affect tax reporting and planning for many wealth managers. We had expected some potential relief to offset the halving of annual CGT allowance from April (from £12,300 to £6,000) but this didn’t happen. As it stands, an estimated quarter of a […]
On 22 March HMRC published Agent Update 106, for agents such as accountants who act on behalf of taxpayers. Agent Update 106 states that SA108 – the individual self-assessment return form for capital gains – will be amended to include gains arising on the disposal of excluded indexed securities. This update was announced under the […]
Unlock the potential of FSL’s market-leading CGT software The complexities of capital gains tax can be a real challenge for the wealth management and private banking sectors. Yet, accurate CGT calculation is crucial to advise clients on the most efficient investment outcomes. CGiX has everything you need to transform the process and provide an efficient […]
For some clients, FSL provides secure access to CGiX, our tax calcualtion software, through an internet browser. This enables the centrally managed upgrades and enhancements to be implemented more frequently and easily. During 2020, we have seen more clients opt for this type of ‘hosted’ service and have been monitoring the flow of transactions on […]
Last year, FSL conducted research amongst its customers to understand client needs and identify key areas for development. One of these areas was the What-If module. The CGiX What-If module offers a Front Office solution for direct access to clients’ tax reports and future liability analysis. The analysis tool enables investment managers to consider accurate […]
The foundation of FSL was laid in the front room of a small terrace house in Greenwich in September 1993 by David Pirrie. Initially started as a home project, this fledgling Microsoft Access development progressed toward a full Capital Gains Tax management product. The new software was named ‘CGiX’ by compressing the words ‘CGT’ and […]
