TURN COST BASIS INTO AN OPPORTUNITY
Beginning Jan. 1, 2011, cost basis reporting becomes mandatory for all brokers executing transactions that involve publicly traded securities.
You must address technology and data issues now if you are to ensure future compliance with the regulations. Firms that do not assess and modify their current systems risk both customer service disruptions and significant tax penalties.
Cost basis is not just about tax systems or even compliance. Rather than seeing cost basis compliance solely as fulfilling an obligation, firms can use it as an opportunity to actually help increase efficiency, strengthen customer service, and foster transparency.
Find out more – and discover useful advice on how to review your existing operations and infrastructure in light of the new cost basis rules. Click here to download our latest white paper, Cost Basis – Turning Compliance Into an Opportunity to Improve Your Business.
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If you would like further advice or details of how SunGard has helped its customers manage this challenge, contact us by clicking here.