Managing Tax Returns and Computing Capital Gains for a UK Firm

Our client is a leading Certified Public Accountant (CPA) firm in the UK that provides a full range of tax, accounting, and business advisory services. Nexdigm was roped in to handle their UK tax returns and capital gains calculation for the firm’s clients. They wanted us to calculate capital gains for their clients with individually managed huge portfolios.

• Nexdigm developed a capital gains tax macro inhouse
• Nexdigm tested various capital gain tax scenarios on the macro to compute capital gains to ensure desired output is generated
• After several rounds of testing, it was concluded that the macro is a flexible solution to meet our client's unique requirements. It can also be used for all clients to compute the UK capital gains/losses.
• Nexdigm prepared a standard input template that served as input for the macro, the basic details had to be updated that is simple and self-explanatory, such as purchase date, sale date, cost, proceeds, and quantity

• The macro saved several processing hours
• Correct and error-free capital gain/loss is computed as there is no manual intervention
• Capital gain tax output template is generated in a standard format
• The above helped to deliver the output in an efficient and timely manner
• The macro can be used across functions