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PRESS RELEASE: May, 15th 2006
Exchange Data International Launches EDI UK Tax for
Tax Professionals and Individual Investor Tax Returns
(London. May 15, 2006) – Exchange Data International (EDI), the premier
provider of high-quality, accurate international securities data, has launched
EDI UK Tax, a cost-effective data feed designed to complement tax return
software. Using EDI’s UK Tax, accountants and other tax professionals will save
time, reduce errors and ultimately decrease the cost of preparing individual
investor tax returns.
Accountants, legal professionals and stockbrokers need to
collect a variety of vital information for tax-reporting purposes. Without
up-to-date information on dividends, capital changes, name changes and so on,
filings may be incorrect.
To date, gathering all the necessary data from a myriad of
sources has been enormously time-consuming. Often, they rely on their clients
to provide information related to their share portfolio, or they purchase a
book service, which is expensive and cumbersome. In either case, data has to be
entered into the system manually, which introduces potential for error. A more
practical way is to subscribe to an automatic data feed, but most products on
the market are too expensive for many users.
EDI UK Tax resolves this issue by making all the data
available from a single, easily accessible, affordable source. Data
items on all UK quoted stocks, including those listed on the Alternative
Investment Market, UK authorized Unit Trusts and Open Ended Investment
Companies are delivered directly to your system via a secure Internet
connection. Coverage extends to more than 13,000 securities and 2,000 funds run
by around 130 management companies.
There is no need to make time-consuming calls to check on
gross and net dividend rates, tax credits, ex-dividend and payable dates
because all of these are provided automatically. Users can obtain Group 1, 2
and equalization figures for Unit Trusts and Open Ended Investment Companies.
In addition, they can search by industry standard security identifiers such as
SEDOL or ISIN. What’s more, update frequencies can be monthly, quarterly or
year-end annual delivery.
"There is no doubt that users will benefit from the vast
amount of information delivered directly to the desktop through a browser
connection or data feed," says Jonathan Bloch, CEO of Exchange Data
International. "EDI’s new UK Tax product will increase back-office productivity
by providing quality data in a timely manner through a user-friendly Internet
application."
About Exchange Data International (www.exchange-data.com)
Established in 1994, Exchange Data International is the
premier provider of quality and accurate international securities
administration reference data. The company provides back office solutions and
securities data to most of the major brokerage houses, custodians, and data
vendors internationally. In the decade since it was founded, EDI has garnered a
worldwide reputation for high quality and accuracy of its international
securities administration data. EDI has won acclaim for its innovations and
rapid deployment of state-of-the-art technologies. This has allowed the company
to expand both its product range and its geographic coverage, while retaining
its original advantages as a lean company with low overheads that listens to
its clients and responds to their needs and concerns in a flexible, innovative
and cost- effective manner. EDI is a wholly owned subsidiary of Information
Publishing Plc.
Press Contact:
Jennifer Massing
MassingPR, LLC
Tel: +917-293-2405
E:jenm@massingpr.com
Please contact us if you have any questions or
wish to discuss your data needs.
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