BGL is proud to be part of a Global Victoria technology trade mission to Asia’s most exciting big data, analytics and artificial intelligence event Big Data & AI World, Singapore.
Published by Australian Fintech on 11 October 2022
Click here to read on the Australian Fintech website
BGL Corporate Solutions, Australia’s leading provider of self-managed superannuation fund (SMSF), investment portfolio and company compliance management software, have announced they are to be part of a Global Victoria technology trade mission to Asia’s most exciting big data, analytics and artificial intelligence event Big Data & AI World, Singapore.
“We were honoured to be invited by Global Victoria, the Victorian Government’s trade facilitation agency, to join this trade mission and attend the Big Data & AI World event in Singapore,” said Ron Lesh, BGL’s Managing Director. “Being selected to exhibit at the Global Victoria pavilion with 15 other illustrious Victorian companies offering cutting-edge technological solutions is a remarkable achievement for BGL.”
The award-winning Big Data & AI World event in Singapore, held on 12-13 October 2022, convenes and connects data and AI innovators, technologists and business leaders to help make data-driven decisions and intelligently shape their businesses.
“This event is a fantastic opportunity for BGL to showcase our latest product in development, Smart Docs 360,” continued Lesh. “BGL’s Chief Operating Officer, Daniel Tramontana, and Head of Development, James Luo, will be at the Global Victoria Pavilion S10 to demonstrate this incredible technology in person.”
Smart Docs 360, currently in closed beta, is an all-in-one, artificial intelligence (AI) powered cloud software solution that helps businesses unlock their full potential by transforming their unstructured data into smart digital data.
“We initially developed BGL Smart Docs to be part of our existing compliance offerings,” said Lesh. “As a module in Simple Fund 360 and Simple Invest 360, BGL Smart Docs reads PDF or image files, extracts the information and converts it into useful digital data using artificial intelligence. Document types include invoices, bank statements, dividend or distribution statements, broker buy and sell notes and many others. BGL Smart Docs is currently reading two million pages per month and loading the data extracted from those documents into Simple Fund 360 and Simple Invest 360, saving our clients a huge amount of time and money while dramatically reducing errors and improving efficiency.”
“As the Smart Docs technology evolved, we realised it could be used across many industries, leading to the creation of BGL Smart Docs 360, which will be available as a retail and developer (no-code AI) solution.”
If you’re attending the Big Data & AI World event in Singapore, visit BGL’s Chief Operating Officer, Daniel Tramontana and Head of Development, James Luo, at the Global Victoria Pavilion S10.
To register your interest in BGL Smart Docs 360, visit www.bglcorp.com/smart-docs-360.
We are excited to announce another sensational update for CAS 360! Including the major feature Automated Document Reminders!
With two months to the deadline, most company directors have yet to apply for their identifier and many remain confused about the system.
Directors have been warned that requirements to obtain a director ID also apply to resigned or deceased directors in some cases as the November deadline draws closer.
We are excited to announce another sensational Simple Fund 360 and Simple Invest 360 update! Check out the full release notes and join the conversation in the BGL Community.
Written by Josh Needs
Published by Accountants Daily on 27 September 2022
Click here to read on Accountants Daily website
BGL Corporate Solutions is offering a free online company secretary course for accountants and others unfamiliar with the role.
Managing director of BGL, Ron Lesh, said he was pleased the firm was able to supply the education tool.
“We’re excited to offer this free live training course to help those new to a company secretary role find their feet in a complex and ever-changing compliance landscape,” said Mr Lesh.
“BGL has over 30 years of experience in the corporate compliance space and has developed this course to share its knowledge and expertise with the community and help pave the way for the next generation of company secretaries and administrators.”
The firm said that the course — Company Secretary 101: A Beginner’s Guide — would be useful for new ASIC registered agents, accountants, and administrators or those wanting to refresh their skills.
The course aimed to provide participants with an understanding of the core duties, legal responsibilities, tasks and activities of a company secretary and will provide attendees with two CPD hours.
Head of CAS 360 at BGL, Warren Renden, said the course could also help participants better understand the software.
“We developed CAS 360 to be the complete tool for managing company compliance requirements,” he said.
“This new training course will give participants an overview of company secretary duties, so they may better grasp their roles and responsibilities.”
BGL said the role of a company secretary was essential in monitoring and governing how a business operated and ensuring it remained compliant with corporate law.
The position involves maintaining a registered office and reporting any changes for the company to ASIC and because of its critical nature a company’s secretary could be subject to several legal obligations and duties.
Founded in 1983, BGL Corporate Solutions started with only two employees and has grown to become one of the largest developers of compliance software in the world, with more than 180 employees globally.
BGL provides cloud-based company compliance management, SMSF and portfolio administration software to over 8,000 businesses in 15 countries.
BGL’s clients range from major accounting and law firms to financial planners, as well as individual SMSF trustees.
Earlier this month, BGL advised its clients that the end of life for Simple Fund Desktop will be on 31 December 2022.
Launched in 1997, Simple Fund Desktop changed the game when it came to SMSF administration, offering an alternative to completing calculations in Excel and very manual and cumbersome processing and report generation through general ledger software.
However, with a number of significant changes to superannuation law in 2021, BGL made the difficult decision not to implement these changes in Simple Fund Desktop. Instead, focusing its resources and development on its award-winning cloud solution, Simple Fund 360.
Continue to blog post >>>
Simple Fund 360 is the natural progression for Simple Fund Desktop clients. Migration is easy with our dedicated onboarding specialists and extensive resources and services available to help clients with their journey:
Click here to watch our webinar recording: Migrating from Simple Fund Desktop to Simple Fund 360.
To learn how easy it is to migrate from Simple Fund Desktop or if you would like to discuss these changes, please reach out to your Account Manager today.
Published by Australian Fintech on 19 September 2022
Click here to read on the Australian Fintech website
BGL Corporate Solutions now offers free corporate compliance training for ASIC registered agents, accountants and administrators.
“We’re excited to offer this free live training course to help those new to a company secretary role find their feet in a complex and ever-changing compliance landscape,” said Ron Lesh, BGL’s Managing Director. “BGL has over 30 years of experience in the corporate compliance space and has developed this course to share its knowledge and expertise with the community and help pave the way for the next generation of company secretaries and administrators.”
Warren Renden, Head of CAS 360 at BGL, said, “We developed CAS 360 to be the complete tool for managing company compliance requirements. This new training course will give participants an overview of company secretary duties, so they may better grasp their roles and responsibilities.”
BGL’s Company Secretary 101: A Beginner’s Guide live online training course is ideal for new ASIC registered agents, accountants and administrators or those wanting to refresh their skills and will provide attendees with an understanding of the core duties, legal responsibilities, tasks and activities of a company secretary. The course is complimentary for all and provides attendees with 2 CPD hours.
A company secretary has an essential role in governing and monitoring how a company operates to ensure the company is compliant with Australian corporate law. It involves maintaining a registered office and reporting any changes for the company to ASIC. Because of this critical role, a company secretary is subject to several legal obligations and duties.
To learn more about BGL’s Company Secretary 101: A Beginner’s Guide live online training course or to register, visit www.bglcorp.com/company-secretary-course
An ATO Crypto Tax update, a BGL – XPM update, and one small change that can save your client from ASIC fines.
Crypto Accountants felt the adrenaline pumping through them on Monday morning as the ATO provided further guidance on airdrops and how these should be handled from a tax perspective.
Airdrops are used as a way for adoption of a token to increase through a group of users by providing them with ‘free’ tokens. Think of it as a form of marketing. If the token is part of an existing project then the recipient needs to consider the token as income and declare it using the market value at that time.
The change now is that for brand new tokens, or “initial allocations”, these airdrops do not need to be considered as income at the time they are received and are to be recorded with a zero dollar cost base. The rationalisation being that since it is an initial allocation, there is no ‘market value’ that can be attributed.
I’m not an accountant and don’t pretend to play one on the internet, so make sure you speak to your local professional before making any crazy tax decisions!
Another three week cycle, another release for the combined Simple Fund 360 / Simple Invest 360 teams with the headline item being the new integration feature.
The new “Practice Management Version 2.0” gives you a huge amount of flexibility when it comes to connecting integration between Simple Fund 360, Simple Invest 360, CAS360 and your chosen Practice Management solution. Hate duplicates? So do we! You can now choose if you want to sync your data one-way, two-way or for the control freaks detail oriented: manual sync.
Probably no surprise that this hint relates to integration: Turn on your Simple Fund 360 integration with CAS 360 to sync any changes made to corporate trustees. This will generate a notification for you in CAS 360 to then prepare the associated ASIC form – never be caught off guard ever again and help your client to avoid ASIC fines!
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