ASX-listed Australian portfolio administration provider Præmium Limited has completed its largest deployment of tax reports to date with the release of E*TRADE's Tax Tool Standard service to its customers.

The service was deployed to all E*TRADE active retail clients.

Most of E*TRADE's retail customers are now able to access a free, integrated share trading tax reporting service at the click of a button.

This cuts the hours spent by investors collating their contract notes, dividend statements and other equity related documentation received throughout the year.

Arthur Naoumidis, group chief executive of Præmium said this project had required the preparation of hundreds of thousands of reports.

These reports involved the historic reconstruction of trading undertaken over the past 10 years.

Stuart Sayers, managing director of E*TRADE Australia, said there will be an additional subscription tax reporting service available later this year.