We are excited to announce part 2 of the Tax Time 2023 update for Simple Fund 360 and Simple Invest 360!
- Click here to check out the full release notes.
- Click here to join the conversation in the BGL Community.
Learn what’s new at our New Features Webinar on Tuesday, 11 July 2023, at 11:00 AEST. Register Now!
Important SuperStream Reminder: From 30 June 2023, BGL will only support the BGLSF360 Electronic Service Address (ESA) through MessageXchange (MXC) for SuperStream contributions and rollovers. From this date, you will no longer receive data through the Australia Post AUSPOSTSMSF ESA. Please click here for more information.
Important Update for SMSFs: From 1 July 2023, all SMSFs must report quarterly regardless of the member’s total super balance (TSB). To account for this change, Simple Fund 360 will accurately display the due dates of all events on the Transfer Balance Dashboard and TBAR Management screens. Please click here for more information.
What's new in Simple Invest 360
BGL's complete accounting, investment and tax software
Trust Tax Return: The 2023 Trust Tax Return, CGT, and Losses Schedules are now available in Simple Invest 360! Electronic Lodgment will be available soon. Learn More
Company Tax Return: The 2023 Company Tax Return, CGT, and Losses Schedules are now available in Simple Invest 360! Electronic Lodgment will be available soon. Learn More
Distribute Profit Screen: Withholding tax on dividends, interest and royalties is now calculated for non-resident beneficiaries and will be shown in the Tax Components section of the Distribute Profit screen for Trusts. Learn More
What's new in Simple Fund 360
BGL's complete SMSF administration software
2023 Fact Finder Report: The new Fact Finder report for SMSFs is available in Simple Fund 360 to assist in reviewing fund data and super changes for your clients. The 2023 Fact Finder Report includes new sections regarding quarterly reporting of TBAR events and new downsizer contribution requirements. Learn More
What's new in both!
BGL SmartDocs: You can now include the Financial Year in the email subject line when emailing files using the BGL SmartDocs Email feature. If the date is included, the software automatically tags these files with the Financial Year in the BGL Documents screen. Learn More
Documents: You can now use any bank statement already uploaded to an entity (either via the BGL SmartDocs Email feature, UI or the Engage by BGL mobile app) to create transactions. These transactions will be imported into the Smart Matching screen for processing. Simply locate the bank statement in the Documents screen to get started. Learn More
Additionally, you can now perform bulk updates for tags, financial year, folders and permissions for selected documents via the Documents screen. Learn More
Pension Dashboard: The minimum pension payment factors for the 2024 financial year have been updated.
Reports: The Projected Pension Calculation Report and Pension Payment Declaration Report have been updated for the 2024 financial year.
Corporate Actions: The following mergers have been added to the Corporate Actions dashboard:
- HHI.AX – 18 May 2023
- PPH.AX – 19 May 2023
- OZL.AX – 03 May 2023
- NWE.AX – 12 May 2023
- NCZ.AX – 11 May 2023
- IHR.AX – 11 May 2023
Plus, many more new features and improvements. Remember to check out the full release notes on the Simple Fund 360 Online Help and join the conversation in the BGL Community. Links to previous update release notes are below:
