startGetting Started with CCH Equity
How To

Getting Started with CCH Equity

CCH Equity
Last update: Reading time 2 minutes
Getting Started

    CCH Equity is a specialist software product from Wolters Kluwer designed to assist with Capital Gains Tax (CGT) and Dividend Scheduling. It is typically used by accountants and tax professionals to manage equity-related data for clients efficiently.

    Key Features

    • Dividend Scheduling: Automates the calculation and scheduling of dividends for clients.
    • Capital Gains Tax Calculations: Supports CGT computations, including share disposals and corporate actions.
    • Integration: Links with other CCH products such as CCH Personal Tax and CCH Central for seamless data flow.
    • Client Portfolio Management: Allows tracking of client shareholdings and investment history.

    How to Use CCH Equity

    1. Accessing the Software

    • CCH Equity is typically accessed via the CCH Central Suite.
    • Ensure you have the correct permissions and licensing to use the module.

    2. Setting Up a Client Portfolio

    • Navigate to the Client section in CCH Central.
    • Select the client and open the Equity tab.
    • Add shareholdings manually or import them via supported formats.

    3. Recording Transactions

    • Use the Transaction Entry screen to record purchases, sales, dividends, and corporate actions.
    • Ensure accurate dates and values are entered to maintain correct CGT calculations.

    4. Running CGT Calculations

    • Go to the Capital Gains section.
    • Select the relevant tax year and run the calculation.
    • Review the output and make adjustments if necessary (e.g., for exemptions or reliefs).

    5. Generating Reports

    • Use built-in reporting tools to produce:
      • Dividend summaries
      • CGT computation reports
      • Portfolio valuations
    • Reports can be exported to PDF or Excel for client review.

    6. Integration with CCH Personal Tax

    • If using CCH Personal Tax, CGT results from CCH Equity can be pushed directly into the tax return.
    • This reduces duplication and improves accuracy.

    Useful Resources

    Related documents

    CCH Equity - Known Issues
    The document outlines known issues related to CCH Equity, including specific problems and their descriptions, most of which were raised between 2014 and 2016. Issues include processing errors with acquisition stocks, client processor crashes during report generation, and discrepancies in transaction reporting and indexation. Several issues have suggested workarounds, while others indicate an "information only" status. Users are encouraged to join the CCH Tax Group for updates. The last update was recorded on August 9, 2017.
    CCH Equity 3.4.1.5
    The document outlines the release highlights for the CCH Equity software version 3.4.1.5, featuring enhancements like indexation computation adjustments due to the freezing of the RPI factor as of December 2017, and increased table sizes for improved computation speed. It details changes to how indexation is processed for corporate funds and provides SQL maintenance tips for optimizing performance. Basic upgrade instructions are included, emphasizing the necessity of backups before installation. Users are encouraged to contact support for assistance or to download the upgrade file.