HUB24 announces that client tax statements have all been completed & released
The group’s new Tax Statement Estimator matches up expected data from fund managers and share registries to better forecast release times for tax statements
Use of SMA’s are ‘making a difference’ in completing tax statements
HUB24 announced that all of their client’s tax statements have been finalised with the final batch released on 14 October.
“We’ve made operational improvements, including further automation of processing functionality to get tax statements out as quickly as possible. The new tax statement estimator tool has assisted with managing client expectations around receiving final and accurate information.
“The operational challenge has always been receiving final tax data, particularly from some managed funds. Given the growing use of Separately Managed Accounts on the HUB24 platform, where we have full control over the processing of the tax data, , we are pleased that we have been able to reduce the time it takes to finalise tax statements for many of our clients,” said Jason Entwistle, HUB24.
