News/Media
Below are some news and media articles about ACB Tracking.
March, 2009 -- Investment Executive
Solving return-of-capital puzzles at tax time
"...it really becomes a challenge for the accountant, advisor or the individual... to come up with an accurate ACB. ACB Tracking Inc., offers a Web-based service that allows clients to determine the adjusted cost base of any Canadian income trust, closed-end fund, split -share corporation or exchange-traded fund.....tax preparation professionals are saved the work of calculating the figures themselves at their hourly rates."
March, 2008 -- The Bottom Line
Adjusted Cost Base Service Can Save Time, Money
“ The service is quick, accurate, and not expensive. It avoids the need for a detailed cost buildup schedule. This is a valuable tool for any size firm that is responsible for client write-up and tax return preparation. ACB Tracking is a unique service that can save accounting and financial advisory firms both time and money.”
March/April 2008 -- The Canadian MoneySaver
“The 2007 taxation year was very unique for income trusts due to the number of takeovers that did not provide the election of a tax-deferred rollover. Nearly 50 income trusts were bought out for cash, with the result that each one will require ACB calculations. Some of the more widely held issues affected are……..”
March 31, 2007 -- The Victoria Times Colonist
"A Victoria company is starting a revolution in the number-addled and often complicated world of accounting. ACB Tracking Inc. has come up with a web-based, adjusted cost base calculator intended to save accountants and investment advisor's time and aggravation when preparing tax returns. The man behind it is still wondering how he's the first to market..."
