BGLCorp

Published by Australian Fintech on 10 August 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, has announced it now has over 700,000 companies managed by over 2,700 firms on its company compliance solution, CAS 360.

“This is another huge milestone for BGL, and I’m extremely proud of the teams’ efforts,” said Ron Lesh, BGL’s Managing Director. “These results are only achieved thanks to the continued innovation, perseverance and passion of every individual at BGL.”

CAS 360 now supports over 700,000 companies and 117,000 trusts across Australia, New Zealand and Singapore, with plans to release CAS 360 in Hong Kong and the United Kingdom in the not-too-distant future. “CAS 360 is only in its infancy. With Hong Kong and the United Kingdom coming in the near future, 1,000,000+ companies are next on our charts,” noted Lesh.

“It has been a big month for BGL,” added Lesh. Simple Fund 360 now has more than 250,000 SMSFs and CAS 360 more than 700,000 companies – what a great effort by the team,” Lesh added.

Released in 2017, CAS 360 is cloud-based company compliance, trust and AML management solution with sensational automation providing incredible efficiencies for clients. CAS 360 streamlines the Annual Review process with automated tracking, downloads, database comparison review and delivery of the annual statement pack to clients. Automated alerts help users manage Annual Review dates, document deadlines and company debt. BGL suite and external practice management integration save heaps of time. Plus, set and forget email and SMS reminders make following up with clients a breeze! CAS 360 is the complete company compliance solution.

“We have come so far with CAS 360, and this is just the beginning,” says Lesh. “The future is very bright indeed.”

Published by Australian Fintech on 01 August 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, announce the electronic lodgment of pay-as-you-go (PAYG) payment summaries to the Australian Taxation Office (ATO) is now available in its SMSF administration software, Simple Fund 360.

“It’s fantastic to release another highly requested feature. I am extremely proud of the efforts of the BGL team,” said Ron Lesh, BGL’s Managing Director. “This feature will go a long way to make our clients’ lives easier.”

“Generally, the trustee of an SMSF will be required to withhold tax for superannuation benefit payments if the member receiving the payment is under 60 and is taking their benefit in the form of an income stream (pension) or a lump sum,” said Lesh. “There are also circumstances around defined benefit income streams and death benefits.”

“When an SMSF withholds an amount from a payment, it is required to pay that same amount to the ATO using an approved form,” continued Lesh. “Traditionally, this has been done manually, requiring the completion of paper forms to be submitted to the ATO. With this release, BGL clients can electronically submit the PAYG payment summaries to the ATO via Simple Fund 360, making the process paperless and saving SMSF professionals hours.”

“This is just one of many features we plan to release to make SMSF administration paperless,” added Lesh. “Watch this space!”
BGL now has over 250,000 funds administered on Simple Fund 360, representing 41% of the estimated 605,000 SMSFs in Australia, cementing its position as the most widely used SMSF administration software solution.

Published by Australian Fintech on 28 June 2022
Click here to read on the Australian Fintech website

BGL Corporate Solutions has been recognised as an accredited Mental Health First Aid Skilled Workplace.

BGL is 1 of 165 organisations across Australia recognised as part of the Mental Health First Aid Australia Skilled Workplace Program, which was first introduced in 2018. The program aims to inspire positive change and celebrates organisations driving mental health literacy and competency skills.

“This is a great achievement” said Ron Lesh, BGL’s Managing Director. “Our people work tirelessly to provide award-winning software solutions and customer service for our clients. Supporting our team members’ mental health and wellbeing has never been more important. To have mental health and wellbeing deeply embedded in our culture is something I am so very proud of.”

“BGL has always been focused on the mental health and wellbeing of our team and we have implemented many initiatives to support our team members. One of which was to have all BGL leaders trained in mental health first aid,” added Lesh. “With the help of Joel Clapham, Founder and Chief Mental Health Champ at Hearten Up, BGL had all our leaders trained as Mental Health First Aiders. This equates to 1 trained Mental Health First Aider for every 7 BGL team members.”

“This initiative alone has had an enormous positive impact on our leaders and our team members,” continued Lesh. “It has also positioned us to be recognised as a Great Place to Work.”

“Creating and sustaining a mentally healthy workplace requires constant and consistent effort,” said Lesh. “We will continue to invest in new and better ways to educate our team, raise awareness and reduce the stigma related to mental health. It is just so important.”

Published by Australian Fintech on 25 July 2022
Click here to read on the Australian Fintech website

BGL Corporate Solutions, Australia’s leading provider of SMSF, investment portfolio and company compliance management software, have announced it now accepts Bitcoin for payment of its CAS 360, Simple Fund 360 and Simple Invest 360 annual software subscriptions.

“We are very excited to offer our clients the option to pay their annual software subscriptions with Bitcoin,” said Ron Lesh, BGL’s Managing Director.

“From today, BGL clients will be able to pay into our Crypto Wallet thanks to our partnership with Australia’s own cryptocurrency exchange, Cointree. Clients will simply click a link on our invoices and complete the transfer.”

Cointree provides an outstanding cryptocurrency exchange experience and is a go-to for many Australians buying, selling or trading cryptocurrency – especially first-time traders.

“With cryptocurrency continuing to grow in popularity, our partnership with Cointree provides an easy way for BGL to offer subscription payments in cryptocurrency,” added Lesh.

Cointree is the first exchange to join the BGL Ecosystem providing Simple Fund 360 and Simple Invest 360 clients an easy way to process cryptocurrency transactions, value and keep track of their portfolio and help with the calculation of CGT events for SMSFs, trusts, companies and individuals.

Cointree’s CEO, Jess Renden said, “We’ve been helping Australians access crypto since launching in 2013 and are proud to partner with a forward thinking organisation like BGL.”

“Consumers have embraced cryptocurrency in recent years and it’s becoming more common for people to use it as a means to pay bills, so when BGL wanted to offer its customers a way to pay bills our team were ready to help find a solution,” added Renden.

BGL and Cointree also co-developed NBOC; an Australian-based solution providing a daily price feed for hundreds of cryptocurrencies. NBOC’s exclusive daily automated data feed provides BGL’s Simple Fund 360 and Simple Invest 360 clients with up-to-date prices for cryptocurrency for SMSFs, companies, trusts and individuals. The cryptocurrency valuation is used for calculating values for financial reports and member balances.