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Simple Fund 360 Trustee Edition Software Subscription Renewal Fee Increase – 1 October 2023

By BGL Update, Simple Fund 360No Comments

BGL will increase the Simple Fund 360 Trustee Edition software subscription renewal fee from 1 October 2023.

BGL has not increased the Simple Fund 360 Trustee Edition software subscription fee since the product was first launched in 2014.

Over the past 9 years, the Simple Fund 360 Team has released updates every 3 weeks with hundreds of new features, enhancements and compliance changes.

The time has therefore come to increase the Simple Fund 360 Trustee Edition software subscription fee.

From 1 October 2023, the Simple Fund 360 Trustee Edition software subscription renewal fee will increase from $200.00 plus GST to $250.00 plus GST. 

If you have questions regarding your BGL software subscription, please reply to this email or call your Account Manager on 1300 654 401.

July 10, 2023
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BGL first to release 2023 SMSF Annual Tax Return

By Australian FinTech, In the Media, IndustryNo Comments

Published by Australian Fintech on 03 July 2023
Click here to read on the Australian Fintech website

BGL first to release 2023 SMSF Annual Tax Return

BGL Corporate Solutions, Australia’s leading provider of company compliance, self-managed superannuation fund (SMSF) and investment management software, has announced the release of the 2023 SMSF Annual Tax Return in its SMSF administration software solution, Simple Fund 360.

“I am continually impressed with our Simple Fund 360 team,” said Ron Lesh, BGL’s Managing Director. “Since 1 January 2023, they have delivered 6 significant updates, including support for the 2023 SMSF Annual Return 6 weeks before the end of the financial year and even SBR electronic lodgment before 30 June 2023.”

Released on 18 May 2023, the Simple Fund 360 tax time update supports the 2023 SMSF Annual Tax Return, complete with all the required supporting schedules and electronic lodgment to the ATO from 1 July 2023. SBR electronic lodgment has also been switched on following ATO system updates. Support for newly registered funds and funds winding up for the 2023 Annual Return is also supported.

BGL’s free open API was also updated, allowing clients to seamlessly send the 2023 SMSF Annual Tax Return from Simple Fund 360 to Xero Tax and LodgeiT for lodgment.

On 15 June 2023, BGL released Part 2 of its tax time update, which includes support for the 2023 Trust and Company Income Tax Returns in its accounting, investment, and tax software, Simple Invest 360. SBR electronic lodgment is also available.

Jeevan Tokhi, Head of Simple Fund 360 at BGL, said, “Over the past 12 months, our product teams have released new client-driven features and enhancements every 3-4 weeks with innovative technologies like BGL SmartDocs, which uses artificial intelligence to extract data from PDF documents. When you add it all together, it’s easy to see why our compliance solutions are miles ahead of the competition.”

July 3, 2023
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BGL is proud to announce the release of the 2023 SMSF Annual Tax Return in its SMSF administration software solution, Simple Fund 360.

By In the Media, Industry, XU MagazineNo Comments

Published by XU Magazine on 30 June 2023
Click here to read on the XU Magazine website

BGL is proud to announce the release of the 2023 SMSF Annual Tax Return in its SMSF administration software solution, Simple Fund 360.

“I am continually impressed with our Simple Fund 360 team,” said Ron Lesh, BGL’s Managing Director. “Since 1 January 2023, they have delivered 6 significant updates, including support for the 2023 SMSF Annual Return 6 weeks before the end of the financial year and even SBR electronic lodgment before 30 June 2023.”

Released on 18 May 2023, the Simple Fund 360 tax time update supports the 2023 SMSF Annual Tax Return, complete with all the required supporting schedules and electronic lodgment to the ATO from 1 July 2023. SBR electronic lodgment has also been switched on following ATO system updates. Support for newly registered funds and funds winding up for the 2023 Annual Return is also supported.

June 30, 2023
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CAS 360 Product Update – 30 June 2023

By BGL Update, CAS 360, Product UpdatesNo Comments

We are excited to announce the latest CAS 360 update!

What's New?

ASIC Fee Increase: ASIC company and business name fees have been updated in CAS 360 to reflect the ASIC fee increase that will take effect on 1 July 2023. (Note: Changes won’t apply until 1 July 2023). Learn More

Company Registration Post-Incorporation Document Pack: Users now have the option to add the Allotment Journal to the post incorporation document pack in CAS 360. Learn More

Incorporation State is now saved: When a user for a firm adds a new company registration, CAS 360 will automatically save the last used incorporation state (e.g. Victoria) in the user’s settings.  Learn More

Form 362 Cover Letter: If a company has been added to CAS 360 without directors, users can quickly add/select a contact as the form signatory while preparing Form 362.  If the user also chooses to prepare a cover letter, CAS 360 will now automatically prefill the letter addressee with the selected contact/form signatory information. Learn More

User Permissions: New user role settings have been added to allow or restrict user access to specific CAS 360 screens. If a user is denied access to a specific screen, the screen icon will no longer appear in the left-hand menu. Learn More

User Roles: New user role permissions have been added to allow or restrict user access to the Company Selection screen. This user role is ideal for firms who only want users to complete Company Registrations without the ability to view/change existing company details. CAS 360 account owners and administrators can turn on or off the ability for specific users to view the Company Selection page. These permissions are set in the User Role Screen. Learn More

BGL API: The CAS 360 API allows partners to retrieve all Company and Trust documents prepared in CAS 360. Now, any document not attached to a specific Company or Trust can also be retrieved via the CAS 360 API using the document ID. Learn More 

Companies Listing Report: Columns for ‘Company Class’ and ‘Company SubClass’ have been added to the Companies Listing Report. Note this change only applies to the Excel version of the report, not the PDF version. Learn More 

People Group Report: When applicable, the ‘Business Name cease date’ will now be displayed in the business name section of the People Group Report. Learn More 

Plus, many more new features and improvements. Remember to check out the full release notes on the CAS 360 Online Help and join the conversation in the CAS 360 Community. Links to previous update release notes are below:

Stay tuned for future releases!

Warren Renden
Head of CAS 360
E: [email protected] | P: 1300 654 401
Connect with me on LinkedIn

June 30, 2023
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Introducing the BGL Executive Team!

By In the Media, Industry, XU MagazineNo Comments

Published by XU Magazine on 23 June 2023
Click here to read on the XU Magazine website

Introducing the BGL Executive Team!

Today is a great day!

It is with much delight that I get to present to you the BGL Executive Team.

The BGL Executive Team comprises of 7 individuals of the highest calibre that will continue to deliver on the strategic and operational requirements of BGL. With a combined experience of 123 years, our products, clients and team could not be in better hands. Let me take a moment to introduce each of them. Here goes:

‍Nadine Freitag, People & Culture Manager at BGL
Nadine has been instrumental in building people and continuing to strengthen the BGL culture. Nadine has an amazing can-do attitude with an extraordinary commitment to the betterment of BGL. Nadine’s attitude and approach represent everything that makes BGL great.

‍Adriana Cavallo, Head of Customer Experience (APAC) at BGL
Loved and admired by countless in the industry, Adriana has had exposure to many parts of the BGL business, excelling in all areas. A focused and committed individual who is customer and experience-obsessed and is instrumental in delivering the BGL value proposition. Adriana’s journey is an example and inspiration to countless.

‍Warren Renden, Head of CAS 360 at BGL
With a relentless focus on product, team and client experience, Warren exceeds client expectations and industry standards. The work of Warren has touched thousands of BGL users. Passionate and determined in every sense, Warren is regarded as one of the industry greats. Warren represents BGL and advocates for clients across multiple external boards.

Jeevan Tokhi, Head of Simple Fund 360 at BGL
Jeevan is an inspiring individual with a broad range of experience who has the incredible capacity to make the complex simple. Jeevan is a strategic thinker with an incredible ability to deliver exceptional outcomes. Jeevan is respected in the industry for his profound impact, knowledge and professionalism. According to him, he is also one of the best-looking in the industry 😆

‍Ashley Avileli, Chief Technology Officer at BGL

Ashley joined BGL as an IT Administrator and is the most complete and knowledgeable IT professional that I know. Admired and respected for his can-do approach, Ashley and his team keep the BGL engine running—the backbone of BGL. We wouldn’t be where we are today without him.

‍Ron Lesh, Founder and Managing Director of BGL
Having started BGL in 1989, Ron’s impact and contribution in and across the industry continue to be profound. Ron’s commitment to building great products together with great people, teams and culture has been key to BGL’s success.

Daniel Tramontana, Chief Executive Officer at BGL
Well, this is awkward. I can’t get away with not including myself here. All I will say is that I am a grateful and passionate individual who loves all things BGL – products, clients and people.

As we venture into the next season of BGL, we are super excited about the opportunities ahead. We will continue to build great products. We will always do our best to deliver exceptional client experiences and moments.

We will do this with the highest level of gratitude and respect for the countless clients (some across 4 decades) who continue to support us with an unwavering belief that inspires us to be the best version of ourselves.

Thank you! ❤️

June 23, 2023
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Compare n Save partners with BGL

By In the Media, Industry, The AdviserNo Comments

Written by Annie Kane
Published by The Adviser on 16 June 2023
Click here to read on The Adviser website

The mortgage broking fulfilment fintech has been selected to provide loan comparison solutions to BGL’s Simple Fund 360 and Simple Invest 360 clients.

Compare n Save, a fintech platform providing online broking services with traditional fulfilment capability, has partnered with corporate compliance software company BGL Corporate Solutions to help certain clients with loans.

BGL Corporate Solutions currently provides company compliance management, self-managed superannuation fund (SMSF), and investment portfolio solutions to over 9,500 businesses, including major accounting firms, law firms, listed companies, private companies, financial planners, and many individual SMSF trustees.

As part of the integration, the loan comparison company will provide clients of BGL’s Simple Fund 360 (an AI-powered SMSF administration software) and of the investment portfolio management software Simple Invest 360 with a loan comparison solution via the Compare n Save app within their console screen or via the BGL Ecosystem.

Speaking of the integration, Sal Cinque, director of Compare n Save and chief executive of TAG Finance and Loans (a traditional mortgage broking fulfilment business), said that the Compare n Save tech will manage the entire lead-to-settlement journey, including appointment booking, lead tracking, reporting, CRM, online lodgement, and delivery of commercial terms.

“We provide site visitors with a hassle-free service to compare interest rates and special offers. The information is easily accessed, without the need to click through multiple screens or provide contact details before being served the desired information” Mr Cinque, who is also an nMB founding director, said.

“This builds a high level of trust with our visitors and leads to qualified inquiries. When our visitors are ready to proceed, our team of brokers manage the application process.

“In the case of our BGL integration, Compare n Save adds value to over 9,500 businesses in related industries, where advisers can quickly and easily assess potential savings for their clients and engage our fulfilment services.

“We are extremely proud of the BGL partnership. It is a glowing endorsement of our fintech and fulfilment capabilities and further strengthens our relationship with BGL.”

Ron Lesh, BGL’s managing director, commented that he was excited to add Compare n Save to the BGL Ecosystem and offer clients “a hassle-free and simple-to-use loan comparison solution that will add value to their customer service.”

Brad Wilkinson, head of BGL Ecosystem, added: “The BGL and Compare n Save integration will help advisers, accountants, and other BGL clients compare hundreds of loans from more than 30 of Australia’s top banks and other lenders (home, investment, and SMSF loans).

“It will also help clients easily structure debt for property purchases (owner-occupied, investment, and SMSF loans) and conduct regular loan reviews to lower interest costs for their clients. Loans are fulfilled via an experienced broker network, with access to over 500 brokers, nationally.”

June 16, 2023
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