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Most of us leave our taxes to accountants without a second thought. The accountants, on the other hand, are usually scrambling till the last minute to collect missing data from their clients. Furthermore, are we even aware of whether our tax liabilities were calculated based on accurate and up-to-date data? Did we miss out on any opportunities to save on tax by creative planning? Did our accountant inadvertently overpay or underpay taxes on our behalf? All of these scenarios occur routinely, and we only discover them post facto.
The root cause of these problems is that our investment analytics software data is fragmented across paperwork and is manually consolidated using spreadsheets, Personal accounting software and online tools, leading to a lack of actionable, real-time insights. This not only creates last-minute pressure to take tax decisions but also rarely allows for proper planning.
Asset Vantage was created to address the needs of a family office, experiencing exactly such pains during tax time. Asset Vantage is a powerful and comprehensive software solution for managing your family assets, maintaining your books of accounts, and creating a virtual document vault. A single intuitive platform with performance reporting & general ledger on demand makes it easy for you, your accountants, and your wealth advisors to always stay on the same page. By leveraging automation for family asset management, you can now invest your time in increasing tax efficiency and optimizing returns.
With the following features, the Asset Vantage platform can help you save more on tax:
- Gains Loss Report: Lower your tax liabilities with a granular view of lot-wise breakup on short-term and long-term gains/losses.
- Capital Gains with Indexation: A system-generated report simplifies tax planning across all entities.
- Automated Accounting: Auto-updates ledgers for transactions uploaded on investments, income, and expenses.
- One Platform, Unlimited Users: Secure access to family members, accountants, and finance tracking software teams, helps keep everyone on the same page.
Request a demo to learn more about the Asset Vantage software platform.
