“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.”
“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.
“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.”
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 >>>
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:
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!
SuperStream Improvements: A number of improvements have been made the help streamline SuperStream Rollovers including the ability to:
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 >>>
”You can tell from the moment you interview with BGL that there is love and care that radiates out of this business
In my first week at BGL Corporate Solutions, I could already tell that I had found myself a hidden gem.
Free food, glorious perks and welcoming staff aside, you can tell from the moment you interview with BGL that there is love and care that radiates out of this business.
My first introduction with BGL was intimidating to say the least – I was interviewed by none other than the ‘L’ in BGL Ron Lesh (MD) and his right-hand man, Daniel Tramontana (COO). But very quickly I felt comforted when they began talking about the BGL Culture.
There was a quote that has stuck with me from that day where Daniel said, “you can be the best marketer in the world, but if you don’t fit in with the culture then it is not going to work out”. That’s when I knew, this was more than what skills I can bring to the table but what do I bring as an individual.
I’d be lying if I told you that a large FinTech company was the top of my dream workplace list, but then again, I couldn’t tell you what was. At the end of the day, a company that values you, invests in you and makes you feel right at home (even within the first few weeks) … that’s very rare. That’s at the top of the list. That’s what I have found at BGL.
More to come…
Written by Chloe Chadwick, Marketing Manager at BGL Corporate Solutions.
We would like to provide you with an important update on BGL’s live software support services.
Due to the current COVID-19 outbreak, the BGL Support Team is currently experiencing staff shortages. As a result, you may experience some unavoidable delays in the delivery of BGL’s live software support including telephone, email and live chat services. We sincerely apologise for any inconvenience this may cause you and your business.
Rest assured the team is working hard and will endeavour to respond to your support tickets as soon as possible.
BGL provides our cloud software users with a myriad of resources and services which can be used to self-resolve software issues including:
For BGL desktop software users, the BGL Wiki is available for you as usual.
We appreciate your patience and understanding during this difficult time and thank you for your continued support.
We are excited to announce the last Simple Fund 360 and Simple Invest 360 updates for 2021!
You can learn what’s new at our New Features Webinar on Tuesday 14 December 2021 from 11:00 – 11:45 AEDT. Register Now >>>
And the full release notes can be found on the BGL Community >>>
Corporate Actions: Simple Fund and Simple Invest 360 now support 14 new corporate actions.
New Data Feed: A new broker data feed has been added to the BGL Share Data Pack for AustAsia Financial Planning.
Director ID: The Australian Director ID field (added to the software last month) can now be exported using the new Contact List CSV export function.
Report Improvements: Several improvements have been made to the Reports screen. The Reports Index will now exclude failed reports as part of a report pack. Plus, a new binding/non-binding field has been added to the Binding Death Benefit Nomination Form.
SuperStream Improvements: The product team continue to improve SuperStream Rollovers validations including improved Members names, Receiving Fund / Transferring Fund names and Death Benefit details. Plus, a new warning to notify clients if the new BGLSF360 ESA has been added to the Fund Details screen without first being registered.
Report Improvements: The General Ledger Audit View reporting setting can now be filtered by Account Type. Plus, the Statement of Financial Position Net Assets section will now display when Net Assets is zero.
Company Tax Reconciliation: 3 new tax labels have been added to Company Tax Reconciliation Report:
Plus, many more features and improvements. Don’t forget to check out the full release notes on the BGL Community >>>
Previous release notes can be found below:
We provide Simple Fund 360 and Simple Invest 360 users with a myriad of resources and services which can be found in the Resources Hub. The Resources Hub provides practical stuff to help you in your Simple Fund 360 and Simple Invest 360 journey.
Visit Resources Hub >>>
Published by Accountants Daily, powered by MOMENTUM MEDIA
Written by Miranda Brownlee on 9 December 2021
Click here to read on Accountants Daily website
Software firm BGL Corporate Solutions is set to launch its corporate compliance solution, CAS 360, in Hong Kong in the second quarter of next year.
While the desktop version of CAS has been available in Hong Kong since 2000, BGL’s managing director, Ron Lesh, said BGL’s clients have been waiting to see when CAS 360 will be available in Hong Kong.
Mr Lesh explained that CAS 360 will prepare all the forms, minutes/resolutions, registers and other documents required for the annual return and common changes made by Hong Kong companies.
CAS 360 is already available in New Zealand, and in BETA in Singapore.
“I’m excited we can bring this sensational software to Hong Kong in mid-2022. CAS 360 will streamline our client’s processes with innovative and unique technology,” said Mr Lesh.
“CAS 360 is the complete package and will provide the same incredible efficiencies for our Hong Kong clients as it does for [over] 600,000 companies in other jurisdictions.”
“BGL has had a presence with our CAS Desktop software in Hong Kong since 2000,” said Ron Lesh, BGL’s Managing Director. “Our clients have been hanging out for information on when CAS 360 will be available to them in Hong Kong so I’m proud that we can today announce this will be Quarter 2, 2022.”
Published by SMSF Adviser, powered by MOMENTUM MEDIA
Written by Miranda Brownlee on 8 December 2021
Click here to read on SMSF Adviser website
The small number of SMSF messaging providers currently offering rollover services is creating challenges for SMSFs in some instances as funds attempt to comply with the new SuperStream standards.
Speaking in a recent podcast, BGL head of Simple Fund 360 product Matt Crofts explained that while the latest SuperStream measures for rollovers and release authorities will result in a more standardised and streamlined system, one of the challenges being encountered by some SMSFs is the fact that many institutions are no longer SuperStream providers.
Under the new standards, SMSFs are required to get an electronic service address (ESA) from an SMSF messaging provider or SMSF intermediary in order to receive SuperStream data.
Mr Crofts explained that SMSFs need to ensure that the ESA provider can support rollovers for SMSFs.
With the newest SuperStream standards requiring an 18-month software build for BGL, this latest version of SuperStream, he said, has seen many institutions drop out as SuperStream providers.
“When SuperStream first started, which is going back around five or six years ago, there were close to almost 40 SuperStream providers and slowly they’ve realised its a tough game to be in terms of compliance and keeping up to date [with everything] and there’s very little way to charge for that,” Mr Crofts explained.
“I think around half the providers that were in there dropped out … and this latest round of SuperStream requirements were huge so it may have halved again.
“[In some cases], people are not aware of them dropping out or they’re not receiving correspondence because some of that correspondence might be going to the trustee and not the accountant who are really the ones initiating a lot of the rollovers.”
Speaking in the same podcast, Smarter SMSF chief executive Aaron Dunn said becoming a SuperStream provider was initially a more enticing business model because it was mainly dealing with inflows into an industry in the form of contributions.
“So, financial institutions were more than accommodating to be able to put these things in place because it meant they were getting cash flows into their cash accounts,” said Mr Dunn.
The landscape is now very different, however, said Mr Dunn, especially given the level of development required for the latest version of SuperStream.
“I’ve seen discussions on the notion of people going to look for an ESA and trying to find a free ESA so they can do things [but] those days are arguably over,” he said.
This leaves the major SMSF software companies such as BGL, Class and SuperMate as the only ESA messaging providers on the ATO register that can currently provide SuperStream rollover services for SMSFs, with Australia Post still working on finalising its offer.
DBA Lawyers director Daniel Butler said this poses an issue for SMSFs that are not on these software platforms, as they are unable to undertake a rollover that is compliant with SuperStream.
“The ATO’s position is that unless the SuperStream rollover process is followed, a significant administrative penalty (currently $4,400 per trustee) may be imposed, the fund may be rendered non-complying and auditors are encouraged to lodge an auditor contravention report to the ATO, which may give rise to costs and inconvenience,” explained Mr Butler.
“In short, there is currently no workaround to the SuperStream system and significant penalties and risks for those funds that seek to bypass the system.”
This is creating a “very difficult situation” for numerous SMSFs who have pressing needs to complete SMSF to SMSF rollovers, said Mr Butler.
“I am aware of several SMSFs, for instance, that need to settle on property and investment acquisitions who stand to lose considerable sums and costs for failing to settle on time. Some of these funds are now having to consider other alternatives like limited recourse borrowing arrangements to make sure they are not at risk,” he explained.
Mr Butler noted that the ATO may however look to take a practical approach and not enforce compliance until there are more ESA providers.
© 2024 BGL Corporate Solutions Pty Ltd.
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