Keeping on top of your investments can be time consuming. Technology solutions can help investors stay informed about their portfolio.
Investment income such as interest, dividends, rent from an investment property, managed investment funds, and capital gains, must be reported to the Australian Taxation Office.
This can be a complex task, so Reporting and Tax solutions are typically software solutions that help investors to:
Some examples of solutions available for keeping your reporting and tax up to scratch are as follows.
Sharesight is a portfolio management software system that enables individual investors to collate and streamline their investment reporting.
Sharesight launched in the Australian market in 2008 and according to Sharesight, more than 20,000 portfolios utilise its service.
The Australian Taxation Office also has solutions available for investors and SMSF Trustees to help keep up with their reporting and tax obligations.
You can review Reporting and Tax solution options via WealthBricks, here.
Written by: TJ Ryan