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September 2024

BGL Education provides expert-led BGL Product Training

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

BGL is proud to announce the launch of its expert-led training series, BGL Education.

Starting 30 September 2024, BGL Education offers expert training to help clients unlock the full potential of their CAS 360, Simple Fund 360 and/or Simple Invest 360 investment.

“We’re thrilled to launch BGL Education as part of our ongoing commitment to client education and support” says BGL’s Founder and Director, Ron Lesh. “Our goal is to have every BGL client feel confident and equipped to make the most of our products. Our experts will lead a series of short webinar courses to ensure clients can learn directly from BGL professionals and unlock the value of the BGL Suite.”

Daniel Tramontana, Chief Executive Officer at BGL, added, “At BGL, we know that client success is based on knowledge and skills. Education is not simply a training program; it’s an opportunity to provide our clients with the tools they need to navigate confidently in an evolving industry.”

BGL Education will run from 30 September 2024 to 18 October 2024 and deliver specialised training across BGL’s software solutions. It will start with Simple Fund 360 covering topics such as Pensions, Superstream and SMSF Essentials. This will be followed by Simple Invest 360 covering topics such as income streaming and Division 7A loans. Finally, CAS 360 will wrap up with a week of company compliance training featuring webinars on Trust Management, Annual Reviews and more.

For more information and to register for each webinar individually, please visit bglcorp.com/education. 

September 30, 2024
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BGL and Registry Direct streamline compliance for public companies

By BGL Update, CAS 360No Comments

BGL is proud to announce integration with Registry Direct to streamline compliance requirements for listed and unlisted public companies.

The integration seamlessly connects BGL’s company, trust and ID verification management software, CAS 360 with Registry Direct—an advanced share and unit registry platform. This collaboration provides public companies with comprehensive tools to meet their complex legal obligations, including shareholder management, TFN and AIIR reporting and withholding tax calculations.

“We are excited to welcome Registry Direct to the BGL Ecosystem” said BGL’s CEO Daniel Tramontana. “This integration will help our clients simplify and centralise their compliance tasks, ensuring listed and unlisted public companies can efficiently meet their regulatory requirements. By combining the power of CAS 360 with Registry Direct’s extensive registry services, clients will experience a more streamlined, automated solution that reduces manual workloads and mitigates compliance risks.”

Steuart Roe, Managing Director at Registry Direct said: “We are thrilled to announce the launch of our integration with BGL’s CAS 360 product. This integration will simplify the process for accountants and advisers, helping them assist their listed and unlisted public company clients on the CAS 360 platform to meet their legal obligations. Specifically, Registry Direct’s platform facilitates the provision of TFN and AIIR reports to the Australian Tax Office, holding shareholder meetings and calculating resident and non-resident withholding tax for dividend payments—each a legal requirement for public companies. These and other great features on our platform perfectly complement CAS 360, creating a complete compliance and share registry solution. We are the perfect marriage.”

“With this integration, BGL clients managing listed and unlisted public companies can now seamlessly transfer data between CAS 360 and Registry Direct” added Tramontana. “This ensures synchronised data across both platforms, enabling automated ATO reporting, dividend payment calculations, and shareholder communication—all in one place.”

BGL’s API is used extensively across the industry with 400+ data feed and integration partners in the BGL Ecosystem, delivering a holistic experience to BGL clients. 

About Registry Direct

Registry Direct provides share and unit registry services and software to thousands of companies and trusts operating in Australia, from start-ups to multinationals. The platform is comprehensive, easy to use and proven by client use and demand. For more information, visit www.registrydirect.com.au. 

September 23, 2024
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CAS 360 Update – 19 September 2024

By BGL Update, CAS 360No Comments

What's New?

BGL SmartDocs 360 and ASIC Invoices
Leveraging the power of BGL SmartDocs, a multi-award winning innovative AI-powered document reader, CAS 360 now extracts debt due dates, dollar amounts and line items from ASIC invoices. ASIC debt due dates are now included in Company Debt Alerts in the Company Selection screen. Learn More

Daily Summary Emails
The daily summary email feature is now jurisdiction-specific. Summary emails will only include key actions in CAS 360 since the user’s last login, tailored to the user’s jurisdiction as needed. Learn More

Please reply to this email or contact your Account Manager if you need any further information.

Regards,

Warren Renden
General Manager – CAS 360, Ecosystem and UK
E: [email protected] | P: 1300 654 401
Connect with me on LinkedIn

September 19, 2024
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CAS 360 Update – 18 September 2024

By CAS 360No Comments

What's New?

BGLiD – Identity Expiry Report
An Identity Expiry Report is now available, providing a list of all individual contacts, their corresponding IDs, and expiry dates. Learn More

 

Automated Debt Reminders
The global automated debt reminder email will now always CC the Partner and Manager contacts. Learn More

Company and Trust Documents
The document screens now allow exporting filtered lists to CSV. Learn More

Documents
In several document templates, the term ‘A/C’ for shares/units has been changed to ‘Beneficially Held by’. Learn More

Company Listing Report
The Company Listing Report now displays company labels in the same order as the Company Selection screen. A Billing Contact merge field has also been added to the Company Listing Report and Report Setting screen. Learn More

RA62 Company Import
The RA62 Review Date Report model now lets users select the incorporation date or current date for shareholder balance transactions. Learn More

Contacts
Contacts with only a Guarantor relationship will no longer appear in the Not In Use filter in the Contacts screen. Additionally, Passport updates in the Passport History model will now be simultaneously reflected in the Contacts screen. Learn More

Document Production
The Dividends Paid Listing report can now be exported to Excel. Learn More

Email Templates
The Document Deadline Reminder template now supports an “Original Subject” merge field, returning the original email subject when the documents were prepared. Learn More

Please reply to this email or contact your Account Manager for further information.

Regards,

Warren Renden
General Manager – CAS 360, Ecosystem and UK
E: [email protected] | P: 1300 654 401
Connect with me on LinkedIn

September 18, 2024
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BGL integrates with AuditCover for hassle-free SMSF audit insurance

By BGL Update, Simple Fund 360No Comments

BGL is proud to announce its integration with AuditCover, a leading provider of hassle-free tax audit insurance for SMSF clients.

The integration seamlessly connects BGL’s market-leading SMSF administration software, Simple Fund 360, to AuditCover—an InsurTech solution that provides comprehensive tax audit insurance to protect SMSFs, businesses and individuals from unforeseen professional fees arising from tax audits.

“We are excited to welcome AuditCover to the BGL Ecosystem” said BGL’s CEO Daniel Tramontana. “This integration empowers BGL clients to offer their SMSF clients reliable protection against unexpected accounting fees associated with tax audits. Accountants now have the ability to share insurance options with their clients effortlessly, helping them add value to their services.”

The integration simplifies the quoting process for BGL clients. It automates campaign setup, policy renewals and client communications ensuring a hassle-free experience for accountants and their clients. With flexible options, accountants can send personalised quotes to their entire client base or onboard new clients with tailored coverage.

“AuditCover’s seamless integration with Simple Fund 360 ensures accountants can protect their clients while keeping administrative workloads to a minimum” continued Tramontana. “The ease of use, combined with cost-free practice integration, makes this partnership a valuable addition to the BGL Ecosystem.”

Gil Snir, CEO at AuditCover commented on the integration: “We’re thrilled to be partnering with BGL to bring tax audit insurance to over 300,000 SMSFs on their platform. With ATO scrutiny on SMSF compliance at an all-time high, this integration is incredibly well suited for the current landscape. BGL clients can now provide access to insurance solutions for their SMSF clients in just seconds, adding value and simplifying the entire process.”

Brad Wilkinson, Head of Ecosystem at BGL, said: “Our clients value solutions that simplify complex processes and this integration with AuditCover offers just that—an easy, efficient way to ensure their clients are protected. With access directly from Simple Fund 360, setting up and managing audit insurance has never been easier.”

BGL’s API is used extensively across the industry with 400+ data feed and integration partners in the BGL Ecosystem, delivering a holistic experience to BGL clients. 

For more information, visit www.auditcover.com/bgl. 

About AuditCover

AuditCover is the technology-driven tax audit insurance provider serving thousands of taxpayers, accountants, and small businesses across Australia. As a trusted partner to leading accounting firms, AuditCover makes tax audit fee protection faster, more secure, and delivered directly to the taxpayer.

Integrated with leading accounting software, including Xero, MYOB, and BGL, AuditCover transforms audit insurance into a seamless process for everyone, eliminating painful paperwork, lengthy setup times, and ensuring data security. AuditCover is changing tax audit insurance for good, offering firms and their clients more choice and freedom when it comes to tax audit fee protection.

For more information, visit www.auditcover.com. 

September 18, 2024
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Simple Fund 360 and Simple Invest 360 Product Update – 12 September 2024

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

What's New?

AuditCover Integration
The integration with tax audit insurance provider AuditCover allows Simple Fund 360 clients to offer their SMSF clients an option for cover against unexpected accounting fees when responding to tax audits. With AuditCover, your clients hold their own policy so that admin is minimal and renewals are automated. Learn More

This feature is exclusively available in Simple Fund 360.

Macquarie Account
The Open New Macquarie Account feature initiates the account opening process at Macquarie with prefilled information, making it more streamlined and efficient. Learn More

Wind Up Wizard
The new Wind Up Wizard provides a step-by-step process for winding up a fund and managing SuperStream payments. Learn More

This feature is exclusively available in Simple Fund 360.

Trust Income Schedule
A new CSV import feature enables the bulk import of schedules without modifying transactions. Learn More

Investment Income Generation
The new Investment Income Generation feature assists in capturing income for all entity types where a bank feed is not available. Learn More

Feed Management
A new Registry HIN/SRN Report feature provides an export of HIN/SRN and postcode information for investments across all entities. Learn More

BGL SmartDocs – Unmatched Transactions
BGL SmartDocs now extracts data from ASIC invoices and council rates. When an ASIC or Council Rates transaction has a relevant document attached, BGL SmartDocs will now automatically locate the document and display it in the Smart Matching screen. Learn More

BGL SmartDocs – Coded Transactions
As BGL SmartDocs now extracts data from ASIC Invoices and Council Rates notices, when a document is uploaded after a transaction has been coded, BGL SmartDocs automatically attaches the document to the transaction. These files will also seamlessly flow into the Accounting Workpapers. Learn More

Corporate Actions
4 new mergers have been added to Corporate Actions:

  • SIH: 14/08/2024

  • PGL: 02/08/2024

  • ALU: 02/08/2024

  • AWC: 02/08/2024

Plus, many more new features and improvements.

Stay tuned for future releases!

Jeevan Tokhi
General Manager of Product – Simple Fund 360, Simple Invest 360 and BGL SmartDocs 360
E: [email protected] | P: 1300 654 401
Connect with me on LinkedIn

September 12, 2024
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CAS 360 Update – 9 September 2024

By CAS 360No Comments

What's New?

Director and Secretary Appointment
The ability to appoint a person as Director and Secretary in a single officer transaction has been added. To complete the transactions for both roles, simply select the new ‘Director & Secretary’ option during the officer appointment process. Learn More

Trusts Selection Screen
A new ‘All Trusts’ filter has been added to the Trusts selection screen. Learn More

Post-Incorp Documents
The Notice of Beneficial Ownership is now included in the post-incorporation document set on the document production screen. Learn More

Company Report
Advanced options have been added to Show Company Addresses in Company Report settings. Learn More

Form RA71: After Form 362 is accepted, there will be a 60-second delay before the automated lodgement of Form RA71. This ensures ASIC has time to acknowledge Form 362. Learn More

General Details: The General Details screen now includes an optional financial year-end date field. Learn More

Company Deregistration: The Company Deregistration Members Consent templates now include a field for the member’s signing date. Learn More

Company Registrations: When purchasing a Smarter SMSF Company Constitution, the Company Name and ACN fields will be automatically populated using the information entered in the Company Registration screen. Learn More

Plus, many more new features and improvements.

Stay tuned for future releases!

Warren Renden
General Manager – CAS 360, Ecosystem and UK
E: [email protected] | P: 1300 654 401
Connect with me on LinkedIn

September 9, 2024
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