In today’s intricate investment landscape, tax reporting can be an overwhelming task for investors. Shiftly, a leading name in the arbitrage investment sector, is proud to announce the launch of its innovative Tax Statement feature, designed to streamline the tax preparation process for its investors.
With this new update, Shiftly investors can now log into their secure profiles on our investment platform and effortlessly download a detailed statement of all their investment transactions for any specified tax period. This statement, formatted as a clear PDF, encompasses vital data such as transaction dates, amounts and profits, tailored to meet tax reporting standards.
This development highlights Shiftly’s dedication to regulatory compliance, allowing investors to manage their tax obligations effectively. Following SARS’s October 9, 2024, Media Release warning about the need for compliance with regard to crypto assets, Shiftly’s new feature ensures our investors can comply seamlessly. We encourage regulators and journalists to explore how this tool sets new standards for transparency and efficiency in the arbitrage investment industry.
Advantages for Investors
Streamlined Compliance: No more manual collection of transaction details. With a few clicks, investors can access all necessary information, saving hours of work.
High Accuracy: Automated data compilation ensures precision, significantly reducing the likelihood of errors that could trigger audits or compliance issues.
Efficiency: Investors can now spend less time on administrative tasks and more on what matters – their investment strategies.
User-Friendly: Designed with the user in mind, this feature is accessible to investors of all tech-savviness levels, ensuring everyone can use it in their tax preparation.
“Tax regulations are perpetually changing, and we at Shiftly are dedicated to being ahead of the curve. This feature is more than just a convenience; it’s about empowering our investors to meet their regulatory obligations confidently,” stated Ben Jordaan, registered tax practitioner and Chief Revenue Officer at Shiftly.
Shiftly’s new Tax Statement feature stands as a testament to our commitment to empowering our investors, providing them the ability to access crucial investment information in real time, whenever it suits them best. This tool allows both new and existing investors to focus on what truly matters – their investments – rather than administrative complexities.
Through this innovation, Shiftly reaffirms its position at the forefront of the arbitrage investment industry, focused on investor empowerment and satisfaction. For more information on the investments we offer, please contact us on support@shiftly.co.za or start the signup process now.
