This is rather exciting.. actually it is very very exciting; I just got my first trend line alert from timetotrade!
This is a very important step, which marks the first phase in realising a new suite of charting, trading and accounting products that will be rolled out over the summer months. Very exciting.
It is strange how quickly time slips by. I was looking at the dates when I last posted and realised that almost 9 months had slipped by; when I last made a post, we had just launched the investment club accountancy product. Since then we have added a number of new features, such as the ability to attach documents and embed images in a private club forum, plus a suite of performance reporting and taxation products for private investors.
More recently we have introduced performance reporting features as part of an early stage beta trial. The performance reporting in its full glory will enable you to view your investment performance as a combined pool of assets, or drill down to view the performance of a specific portfolio or stock within the portfolio. You will then be able to compare the performance of the portfolios or stocks to market indices, specific stocks or your other portfolios. Which leads me to two other important changes since I last posted.
Two new developers have joined Sensatus, mainly Jason Cartwright, who has taken on the role of Systems Architect Director and Christine Ottaway who has joined us as a Software Engineer. Christine has been working around the clock on the Performance Reporting feature and promises to have it fully up and running by the end of December! There are fingers on the line here.. no we won’t chop off one of her fingers for missing the deadline… then again having recently completed a Wilderness First Aid course, which by the way was excellent, it would be good to get some practice in…
Jason on the other hand took on the pain staking task of developing a suite of tax products for private investors, which is now available on beta trial. After rolling out the investment club product that manages investments club accounts and generates their tax returns, we had a lot of UK private investors asking us to develop a product that would calculate their personal UK Capital Gains and Income tax.
As a result we have now introduced a new suite of taxation products that are available for beta testing when you log into timetotrade. The Capital Gains product calculates your UK tax liabilities based on the investment transactions that you have entered into your timetotrade ledgers. It works out realised gains and losses, disposal dates, based on the UK Inland Revenue Share Identification rules such as the Same Day rule, Bed & Breakfasting FIFO rules, LIFO matching from 1998 and Section 104 holdings. The Capital Gains product also calculates, Indexation for Section 104 holdings determines your Taper Rates for business and non-business assets and Allocates Losses from your current years losses and carried forward losses; the end result is statement of your taxable gain after taper relief and allocated losses.
Everything has been laid out in the format required to complete your Capital Gains Self Assessment tax return, SA108. Using the timetotrade Capital Gains product, you can now determine your tax liability at a glance and view your unused annual exemption and losses. You can then model disposals to determine your resulting tax liability to make best use of your annual exemption. Another nice feature of the Capital Gains product is that it will also let you know when you have to complete and return your SA108 tax return.
If you would like to have a look at the new timetotrade Capital Gains tax product, click on the following link to view a demo account: timetotrade Capital Gains demo
When prompted to enter an email and password, use the following details:
Email: demo@sensatus.com
Password: demo1
If you would like to start using the timetotrade Capital Gains tax product, then click on one of the following links to set up a timetotrade account:
The initial alpha version of timetotrade is now in the process of being upgraded to the new beta version. The main changes include:
* You can now create a FREE ‘Private Investor’ or FREE‘Investment Club’ account
* The introduction of an Investment Club package that can be used to manage member subscriptions, unit valuation and generate performance and UK Form 185(new) tax returns
* New navigation layout
* Ability to increase or decrease the size of charts
* Ability to increase the text size
* Re-designed Notes tab
* Unit fund valuation for Private Investors
* New Help Wiki and Education section
* Click here for an extensive list of the changes
Please note that not all of the Accounts features are fully developed and may contain some bugs. The Accounts feature is being made available at this interim stage, in order to get your feed back on the functionality you would like to see implemented. If there are any features, changes or bugs that you would like to see addressed please click here.
So development of the beta carries on. As a small pre-christmas treat I’ve just added a little bit of “AJAX” to the site.
Now when you click on the chart zoom in/out icons or choose different font sizes, the page should update without needing to reload. Hopefully that will make using the site quicker and easier.
For anyone who does browse with javascript turned off (that’s what the J in AJAX stands for) you’ll be glad to know that we made sure that everything still works as “normal”.
Don’t forget as we add new features we’ll keep a track of them on our wiki here.
