Wealth Management LLP (Tanager) – a wealth management firm helping transatlantic families and US-connected persons with their financial planning and investment needs – has announced a new agreement with Financial Software Ltd (FSL) to provide enhanced tax reporting services through FSL’s market-leading investment tax management solution, CGiX.
Under the agreement, Tanager will have access to CGiX’s full suite of functionalities, including capital gains tax reporting, excess reportable income (ERI) reporting and ‘what-if modelling.
Through CGiX, the company will be able to import financial data from multiple international custodians to produce detailed and accurate tax reporting. This will allow the accountants of Tanager clients to easily translate income and gains for UK tax purposes and reliably report their clients’ UK tax liabilities to HMRC.
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US-connected individuals often have unique and complex needs, meaning the importance of accurate and tailored tax reports cannot be overlooked. Tanager understands the complexity transatlantic households can face with their wealth and has employed FSL’s award-winning solutions and thirty years of investment tax expertise to give their clients peace of mind.
Kristopher Heck, Managing Partner & Chief Investment Officer of Tanager, commented: “We are delighted to work with a market leader to ensure we can provide data in the best format possible. We are really pleased to be working with CGiX for the benefit of Tanager clients.”
Michael Edwards, Managing Director of FSL, added: “We are proud to welcome Tanager as our newest CGiX customer. The comprehensive nature of our software will provide a simple and transparent way for them to ensure clients receive high-quality tax reporting using the industry’s most accurate capital gains calculator.”
FSL provides specialist investment tax solutions that simplify the process of management, analysis, and reporting. The firm has a proven track record for developing market-leading products since 1994, including CGiX, the industry’s award-winning capital gains calculator.
FSL is part of Industrial Thought Ltd, the parent company for a group of companies in the field of investment taxation, financial data, and related consultancy services.
Tanager is a leading wealth management firm that empowers British-American families to achieve their financial goals. It specializes in helping transatlantic families and US-connected persons with diverse financial planning and investment needs.
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