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Solutions For

Solutions for Accountants

'Before I started using Præmium, the task of tracking and calculating CGT was time-consuming but now my time can be allocated to more proactive activities such as analysis, planning and advice. I'd recommend Præmium to any investor or adviser.'

- Greg Walch
CEO, Walch in Practice

V-Wrap is ideal for accountants seeking a powerful, easy to use and cost-effective portfolio management system.

Assisting accountants with corporate action tax information, investment income distribution management, cost base calculations, CGT optimisation and more, V-Wrap also improves accuracy and minimises time spent on data entry with its many interfaces, including key SMSF compliance packages.

As V-Wrap is provided online, access can be provided to clients or to referring financial planners & brokers to ensure that all parties have the same information.

 

Corporate Actions

  • Reconstruct historic corporate actions using V-Wrap's comprehensive historic corporate action database
  • Full disclosure of tax treatments for corporate actions (both current and historical) saves you time and improves accuracy of tax calculations
  • Automatic overlay of corporate action treatment on a portfolio's investment holdings ensures individual portfolios are up-to-date
  • The daily roll-forward applies new transactions and corporate actions to the client's portfolio each day

Capital Gains Tax (CGT) Management

  • Up-to-date portfolios allows for CGT management throughout the year, not just at the end of the financial year
  • Easily select and switch between minimising or maximising gains, FIFO or manual parcel selection
  • Automated selection of new discount or old indexation method for pre- 21 September 1999 parcels for tax optimisation
  • Automated loss optimisation offsetting for tax optimisation
  • 'What-if?' analysis for unrealised capital gains & losses allows you to assess impacts of advice before taking action

Income Management

  • Detailed information is provided regarding year end tax break up for distributions and dividends & year end tax break ups
  • Ability to incorporate and record cash transactions from bank statements
  • Cash-book matching ensures trades, dividends and distributions are reconciled with bank accounts statements where recorded in V-Wrap
  • Ability to incorporate and record cash transactions from bank statements

Data Interfaces

Saving you time and eliminating rekeying errors, Præmium currently has data interfaces with the following systems:

  • BGL Simple Fund (Super)
  • Desktop Super
  • Solution 6 - IRS 
  • Banklink

Or see a full list of Præmium's data-interfaces here.