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February 2022

Celebrating 25 years of service

By BGL Update, CultureNo Comments

Today marks 25 years of service at BGL Corporate Solutions. That equates to 53% of my life being involved with a business, team and community that I love. Stop trying to guess how old I was when started. Ron Lesh says 15! I will take that.

As an individual, I am truly humbled and grateful to be able to be involved in and to serve in an organisation that is truly a remarkable success story.

From the greatest of moments to the darkest of times, central to all of this is people. And today it is the very people who have helped define me, believed in me, mentored me and stood by me that I want to celebrate.

The people that I have come to know, love and serve are the greatest part of the story.

BGL Corporate Solutions team, I thank and admire each and everyone one of you. Your relentless commitment to each other, our products, clients and community is amazing. You are the reason we are where we are today.

Matthew Crofts, Adriana Cavallo, Warren Renden, Jeevan Tokhi, Anthony Costa, S. Adrian Muscan , Ashley Avileli, James Luo + Dubi Laviati (so many more I could add) your friendship and support allows me to do what I do.

To the many great clients, prospects, partners and Ecosystem members that I have come to know and crossed paths with, it is an honor working with you and being of service to you. Your belief and support of BGL Corporate Solutions is an important part of who we are today. I applaud you.

One of the greatest joys has been, some of the friendships that have evolved. Friends that will be for life. You know who you are. Your constant check-ins, chats and trust are something I dearly value. Thank you!

Danni Tramontana my wife + friend, you are my rock.

Ron Lesh. I am grateful for your belief, loyalty, support, encouragement and friendship. You are an incredible #leader. You have been and continue to be an important figure and influence. You have helped define me, making me a better person and servant of the people. You have also positioned me for an exciting future that I look forward to stepping into knowing that I have had the best example and mentor.

And now, let’s bring on another 25 years! Yes, well past 65 years of age but with CAS 360 (Australia), Simple Fund 360 + Simple Invest 360, I will have most of my compliance matters automated so I can spend time doing that which I love and that is working at BGL Corporate Solutions.

Check out our video!

We had a lot of fun making this video and hope it makes you smile! Enjoy!

February 10, 2022
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BGL adds the Trust Tax Return to Simple Invest 360!

By BGL Update, Simple Invest 360No Comments

BGL is proud to announce the release of the 2021 Trust Income Tax Return in its investment portfolio software solution, Simple Invest 360.

“This is an industry first” said Ron Lesh, BGL’s Managing Director. “No other investment platform in Australia automatically prepares income tax returns. This is a fantastic achievement by the BGL product teams and I am incredibly proud of them”

The Trust Tax Return will be released in two parts to provide BGL Simple Invest 360 clients with the opportunity to provide feedback on the functionality of the initial features in Part 1 – the paper trust income tax return, while our team works hard to release Part 2 – Electronic lodgement.

“This release includes the 2021 Trust Income Tax Return populated from the Simple Invest 360 tax calculation engine, associated schedules including the CGT Schedule, Losses Schedule, Rental Schedule, Distribution Schedules and much more” added Lesh.

“Part 2 of the release will provide clients with the ability to electronically lodge the 2021 Trust Tax Return from within Simple Invest 360. This will be the same functionality as is provided for the SMSF Annual Return in Simple Fund 360” noted Lesh.

Simple Invest 360 was launched in June 2021 to automate the tedious process of CGT record-keeping and financial reporting no matter what the tax structure – trusts, companies, partnerships or individuals. Simple Invest 360 is fully integrated with CAS 360 and Simple Fund 360 as well as providing integrated accounting workpapers, digital signing, over 350 data feeds, registry integration and BGL SmartDocs – our industry leading paper to data solution.

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February 9, 2022
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BGL confirms it’s full-speed ahead for BGL REGTECH 2022

By In the Media, News, XU MagazineNo Comments

“This will be one of the first BIG in-person accounting conferences in almost two years and we cannot wait to reconnect with our clients and partners face-to-face” said Ron Lesh, BGL’s Managing Director. “We feel there really is no substitute for human interaction and have missed coming together with our community. So, we’re excited to get back to enjoying the small, special moments that only live events can offer.”

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February 7, 2022
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BGL confirms it’s full-speed ahead for BGL REGTECH 2022

By BGL UpdateNo Comments

BGL is proud to announce the return of BGL REGTECH 2022 as live and in-person event in March 2022!

“This will be one of the first BIG in-person accounting conferences in almost two years and we cannot wait to reconnect with our clients and partners face-to-face” said Ron Lesh, BGL’s Managing Director. “We feel there really is no substitute for human interaction and have missed coming together with our community. So, we’re excited to get back to enjoying the small, special moments that only live events can offer.”

BGL has invited industry experts David Boyar FCA – CEO of ChangeGPS, Aly Garrett FCA – Founder and Principal of All In Advisory and Rebecca Mihalic – Director of Business Depot as well as its own gurus to add their expertise to the program exploring the evolution of the accounting industry.

“This year we will explore the evolution – how we are turning big ideas into action; unveiling the challenges of the practice of the future and learning how to supercharge practices with digital transformation for better customer experiences. We also have a huge surprise in store for delegates” added Lesh. 

Aly Garrett, Founder + Principal of All In Advisory and BGL REGTECH 2022 presenter, said: “I am super excited to be joining the BGL REGTECH roadshow. I will be working through how our businesses and clients have evolved over the past couple of years, looking at the implementation of technology, our role in the evolution and how we can circumnavigate it in a COVID-19 environment, with the focus on how we need to evolve in the future to not only survive but thrive.”

BGL REGTECH 2022 will be held in Sydney (1 March), Brisbane (2 March), Adelaide (9 March) and Melbourne (16 March), followed by virtual BGL MASTERCLASSES for our cloud software solutions CAS 360 (22 March), Simple Fund 360 (24 March) and Simple Invest 360 (31 March). 

Registrations are now open! Learn more and register now at www.bglregtech.com. 

BUY TICKETS!
February 7, 2022
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BGL confirms it’s full-speed ahead for BGL REGTECH 2022

By Australian FinTech, In the Media, NewsNo Comments

“This will be one of the first BIG in-person accounting conferences in almost two years and we cannot wait to reconnect with our clients and partners face-to-face,” said Ron Lesh, BGL’s Managing Director. “We feel there really is no substitute for human interaction and have missed
coming together with our community. So, we’re excited to get back to enjoying the small, special moments that only live events can offer.”

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February 6, 2022
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Simple Fund 360 and Simple Invest 360 Product Update Release – February 2022

By BGL Update, Simple Fund 360, Simple Invest 360No Comments

We are excited to announce the first major Simple Fund 360 and Simple Invest 360 updates for 2022! You can learn what’s new at our New Features Webinar on Tuesday 8 February 2022 from 14:00 – 15:00 AEDT. Register Now >>>  

The full release notes can be found on the BGL Community >>>

Simple Invest 360 New Features

Part 1 of the Trust Tax Return is now available in Simple Invest 360!

We are thrilled to announce the release of the most highly requested feature for Simple Invest 360 – the Trust Tax Return!

The Trust Tax Return will be released in two parts to provide clients with the opportunity to provide feedback on the functionality of the initial features in Part 1 – the paper tax return, while our team works hard to release Part 2 – Electronic lodgement!

Today’s release includes:

  • A brand new Trust Tax Return populated from the Simple Invest 360 tax calculation engine.
  • Support for the 2021 Trust Tax Return (paper/printed copy ONLY).
  • Associated schedules (CGT Schedule, Losses Schedule, Rental Schedule and Attachment Schedule).
  • Dynamic link to ATO help.
  • Invalid field navigation to help speed up validation.

Electronic lodgement coming soon!

Stay tuned for the release of Part 2, which will provide clients with the ability to electronically lodge the 2021 Trust Tax Return from within Simple Invest 360!

Simple Fund 360 New Features

SuperStream Improvements: A number of improvements have been made the help streamline SuperStream Rollovers including the ability to:

  • Validate the Unique Superannuation Identifier (USI) entered via the Fund Validation Service (FVS).
  • Automatically populate APRA Fund Name and ABN on entering USI.
  • Capture the receiving fund’s ABN and USI for use in Rollover Benefit Statement (RBS).
  • Receive an error message where an APRA fund does not have Rollover v3 enabled.
  • Check if a contact already exists before creating a new one – preventing duplicate data.

Plus, further improvements have been made to the Fund Validation Service (FVS) responses.

New Member Reports and Wishlists: New alternate Member’s Statement and Consolidated Member’s Statement reports have been added to Simple Fund 360 based on client feedback. The new reports have additional sub-headings, a summary account balance section, a detailed member section and a new graph design.

New Trustee Minute / Resolutions: The Trustee Minute / Resolutions have been improved and now provides clients with the ability to add custom text paragraphs.

Plus, many more features and improvements. Don’t forget to check out the full release notes on the BGL Community >>>

February 4, 2022
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Scare, scare, scare…

By BGL UpdateNo Comments

I am really concerned.

Australia has become a hostile place where our governments and the media – especially the left wing media like the ABC  – are trying to divide us.

Be it stupid vaccine mandates, identity politics or even having a beer after you win a grand slam, people are out to get you. When did we become like this ?

During one of the lockdowns in Melbourne I as out walking with my wife and god forbid I was not wearing a mask. Some d**khead told me that by walking around without a mask, I was going to kill his children as they rode their bikes around outside his house. Yesterday I came down in a lift and a woman refused to get in. I should say she was wearing a cloth mask that provides little protection and I am of course double vaccinated and had to test negative to get into Queensland (thank god that stupidity is behind us). She was scared and paranoid – what have we done to people ? We are divided.

But it is the language of our so called leaders and the talking heads in the media that really concerns me. Their language is killing Australia. Theirr language is dividing Australia.

Even people who I thought were more sensible, like Neil Mitchell on 3AW, concern me. I listed to him on Tuesday morning and within the first hour he repeated the COVID numbers at least 3 times, seemed to bask in reports some schools had COVID cases and continued to talk like it was the end of the world. I was really disappointed. He is perpetuating the scare.

If it was not for COVID, the media seems to think it has nothing to talk about. How about one of these talking heads analyse where Albanese’s 600,000 climate policy jobs are going to come from ? I can’t see how going from Shorten’s 45% to Albanese’s 43% is going to create 6000,000 jobs. Maybe they can ? Maybe they can tell me ?

Yet the press was more interested in private texts between the ex NSW premier and an unnamed minister, who don’t like Morrison. Honestly, who cares. This from a lefty reported from Channel 10 who himself is the subject of a claim he “humiliated” a female colleague, in a claim filed against the network in the Federal Court. This is the level of in depth reporting by our media.

When is he media going to actually focus on the things that are important to Australian’s rather than the crap that is important to them ?

The scare, scare, scare is killing business. The lack of leadership from our politicians on both sides of all the house is breath-taking, When are our state premiers going to tell their public servants to go back in the office ? When are the hopeless woke CEO’s at our major companies going to do the same ?

I am also glad to see I not the only one who thinks the language of our so called leader is dreadful. It was great to hear Chris Lucus of Chin Chin fame say the same thing on 3AW last week – Grave fears held for Melbourne’s iconic hospitality scene https://www.3aw.com.au/grave-fears-held-for-melbournes-iconic-hospitality-scene/

Our leaders have spent 2 years scaring everyone about – a virus. Melbourne is depressed. If you don’t believe me come up to Queensland and feel the difference. While Brisbane is still slow, the attitude of people is just so different.
I remember being told last year – get vaccinated – when we get to 90%, life will go back to normal. Well when ? When are the bedwetters going to get out of our lives ?When are ALL the restrictions going to be lifted ? When do we start to live with COVID ? When do we get back control over our own lives and our own health ?

I know it is hard to get into the city in Melbourne now because of the ridiculous bike lines installed by Sally Crap – sorry Capp – and her human unfriendly council. Large numbers will not return to the city until this is fixed and the Council is living in fairyland if they think 750 electric scooters will fix the problem.

But, this scare, scare, scare has to stop. We need leaders that are NOT interested in daily COVID numbers – but are interested in rebuilding Melbourne and instilling confidence back into people,

At BGL, we encourage our team to come into the office. As we all know culture and mental health is just as important as physical health. You cannot teach culture over Zoom. I encourage all of you to get your people back in the office. They need it – and so do you!

February 3, 2022
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