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[imtoken钱包靠谱吗imtoken官网地址是什么]Wolters Kluwer Financial Servic

admin 区块链交易所 2022年04月28日

  WALTHAM, Mass., Sept. 27 /PRNewswire/ -- Wolters Kluwer Financial Services today announced the release of its GainsKeeper? FundTax Pro, a Web-based tool that helps automate the complex tax calculations that apply to straddles.

A straddle is an advanced trading strategy that involves holding long and short positions (such as buying both a put and call option) that essentially offset one another. It is typically used to help limit risk when there is speculation that a security will move significantly, but the direction is unclear.

Straddles are subject to certain tax rules that determine the character and timing of gains and losses realized, which can be a concern for mutual funds and hedge funds. These complex tax rules make manual tracking of straddles and their deferred losses tedious and time consuming for fund tax managers, who often spend days making calculations in order to prepare financial statements and tax returns. With its automated straddle tracking functionality, FundTax Pro greatly simplifies this manual effort into a fast, automated process by applying both of the two distinct loss deferral rules and then tracking positions in future periods.

Fund accountants have an added challenge of completing the computations twice a year because loss deferrals are determined on both an excise tax and filing tax year cycle-and the numbers need to be precise. Miscalculations can lead to inaccurate distributions for the fund, as well as penalties from the Internal Revenue Service.

"Straddle rules represent some of the most complex tax rules that apply to investments, and their computations can easily become overwhelming," said Stevie Conlon, tax director for GainsKeeper. "FundTax Pro saves time and resources, while helping eliminate the potential reconciliation errors that can result from manual calculations."

"One of the main reasons GainsKeeper is so widely relied upon by the financial community is that we are constantly working with our clients to determine new ways to make their jobs easier," said Chuck Ross, GainsKeeper''s general manager. "Fund companies and administrators have identified straddles as one of their biggest challenges. FundTax Pro is yet another example of how GainsKeeper is easing the burdens created by complicated tax rules."

FundTax Pro also includes the same functionality offered by FundTax, a GainsKeeper tool that completes tracking of wash sale deferrals and reversals, holding period carry-overs and basis adjustments.

About GainsKeeper

GainsKeeper?, a part of Wolters Kluwer Financial Services, provides automated tax-based financial tools and services to the investment community. GainsKeeper''s solutions enable financial institutions to offer sophisticated tax lot accounting services to their customers, ranging from back-office outsourcing to fully integrated, web-based tools and services utilized by the brokerage, mutual fund, and fund administration industries. In addition, GainsKeeper offers products designed specifically for individual investors and accountants to meet their complex tax reporting and portfolio analysis needs. For more information, visit

About Wolters Kluwer Financial Services

Wolters Kluwer Financial Services provides best-in-class compliance, content, and technology solutions and services that help financial organizations manage risk and improve efficiency and effectiveness across their enterprise. The organization''s prominent brands include Bankers Systems, VMP? Mortgage Solutions, PCi, GulfPak, Desert Document Services, AppOne?, GainsKeeper?, CCH? Capital Changes, NILS INSource?, AuthenticWeb(TM) and CCH Wall Street?.

Wolters Kluwer Financial Services'' solutions include integrated and stand-alone compliance and work flow tools, documentation, analytics, authoritative information, and professional services. Customers include banks, credit unions, mortgage lenders, and securities and insurance organizations of all sizes throughout the United States. For more information on Wolters Kluwer Financial Services, visit

Wolters Kluwer is a leading global information services and publishing company. The company provides products and services for professionals in the health, tax, accounting, corporate, financial services, legal and regulatory sectors. Wolters Kluwer has annual revenues (2006) of 3.4 billion euro, employs approximately 18,450 people worldwide, and maintains operations across Europe, North America, and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. For more information, visit

Source: Wolters Kluwer Financial Services

  

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