- 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.
For further information please contact:
Jason Entwistle
Director Strategic Development
HUB24
jentwistle@investorfirst.com.au
02 – 8274 6028
About HUB24
HUB24 is a financial services company listed on the Australian Stock Exchange (ASX:HUB). The business is focused on the delivery of the HUB24 platform which supports the achievement of superior superannuation and investment outcomes for investors. HUB24 is a next‐generation service with state‐of-the‐art portfolio management, transaction, and reporting solutions for licensees, financial advisers, accountants, stockbrokers, and institutions.
HUB24 is not aligned to any major bank, manager or institution, nor does it operate its own financial advice channel. HUB24 is an independent organisation with award winning technology and a growing number of respected and high profile financial services companies as its customers.
Issued by HUB24 (ASX: HUB)