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BGL Update

GuestTrack connects to the VIC Government COVID-19 Check-in System

By BGL Update, In the Media, Industry, News, TechnologyNo Comments

BGL Corporate Solutions proudly announce that GuestTrack, our QR code-driven and browser-based COVID-19 check-in solution, is now connected to the Victorian DHHS via Victorian Government Visitation API!

Built using BGL’s multi-award winning BGL SmartDocs technology, GuestTrack was launched in mid-2020 as a free QR code check-in app for businesses. Since then, almost 20,000 businesses throughout Australia and overseas have implemented GuestTrack as their check-in solution. 

From the end of April 2021, all Victorian businesses and organisations using electronic record-keeping must only use QR Code providers who are connected to the Victorian Government Visitation API, and GuestTrack is 1 of 3 approved applications. “I’m so proud of the team! They’re continually working to further develop this amazing app for the community”, said Ron Lesh, BGL’s Managing Director.

“GuestTrack connecting with VIC DHHS Visitation API will allow contact tracers to request check-in data directly from GuestTrack system in case of a COVID-19 outbreak. Visitors’ names, contact numbers, check-in dates and times are extracted from GuestTrack to help contact tracers” noted Lesh.

“What started out as an initiative to help our clients’ clients, has turned out to be a spectacular tool. Apps like GuestTrack will be a necessity for all organisations for years to come” says Lesh.

Since its release in 2020, GuestTrack now supports over 18,000 organisations across 183 countries with a satisfaction rate of 99.88% and over 21 million guest check-ins.

“This has been a great opportunity for BGL to give back to the community” added Lesh. “From an idea at Saturday brunch to 21 million check-ins in 9 months is a fantastic achievement by the BGL Team.”

To find out more about GuestTrack, go to guesttrack.com.au 

April 8, 2021
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CAS 360 Great News!

By BGL Update, CAS 360No Comments

CAS 360 Singapore Company Compliance Software Released to Beta!

For the March 2021 release of CAS 360 we have completed our beta development for CAS 360 in Singapore, and we are very excited to be putting CAS 360 in the hands of a number of beta firms in Singapore.

CAS 360 Singapore, is hosted in Singapore through our infrastructure partner Amazon Web Services (AWS)

CAS 360 Singapore has some amazing features, never before seen in Singapore. CAS 360 is approved for electronic filing of the Singapore company annual return with ACRA. This is done through the seamless filing project. This unlocks huge efficiency gains for CSPs as they can now complete the filing without leaving CAS 360.

We have also added full document support for Company Address, Company Officers and Company Shareholder changes in Singapore.

The April CAS 360 Singapore release will also see some fantastic features, more on that next month.

For CAS 360 New Zealand, we have released a series of new features and improvements. We have continued to build our AML / CDD functionality with the introduction of a new AML / CDD compliance report, and a new AML / CDD compliance listing report.

CAS 360 New Zealand March 2021 update also sees improvements to company imports, improved shareholder imports, improved share transactions being filed to Companies Office, and a few more.

While this release focuses more on CAS 360 Singapore and CAS 360 New Zealand, the CAS 360 Australia team has been hard at work with improvements to adding emails in document production, improved information hovers for trustee companies, enhancements to trust information in Address Usage report and Trust vesting date being added to the Trust Listing Report.

We have a huge new feature for Australia & New Zealand set to drop in early April, this one has taken a few months to develop, and when you see it, you will know why. Oh, and you will be able to complete Annual Reviews/Returns faster than ever before…

See you in April 🙂

March 30, 2021
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Digital Signing with BGL’s COO Daniel Tramontana

By BGL Update, CAS 360, Industry, New Zealand, Simple Fund 360, Simple Invest 360, TechnologyNo Comments

Browsing through various platforms, it has been great to see the discussions around digital signing.

Digital signing in my view, is a must for any organisation where client signatures are required and where the law permits.

As a software provider, it is important to build into the software design and experience a quality engagement piece that brings to surface the true value of Digital Signing.

At BGL Corporate Solutions, we currently integrate CAS 360 (Australia), CAS 360 (New Zealand), Simple Fund 360 and Simple Invest 360 with DocuSign and Adobe Sign and soon to be released, FuseSign by FuseWorks and PleaseSign.

What differentiates these integrations is that they are built directly into the software.

Well, what does this mean? Simple.

We deeply embed the digital signing solution into the software. We mark up the documents and forms, so that when you deliver a set of documents to your clients, they are ready for digital signing. We allow for easy selection of signing and tracking so users can monitor the status

When complete, we notify you and then store the document as required by the governing bodies and make it easy for you to retrieve.

When it comes to Digital Signing solutions, the end-to-end experience is so important and that is what we make great!

March 15, 2021
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2020 was a mad year – but I am so proud of what the BGL Team achieved…

By BGL UpdateNo Comments

2020 was a mad year.

I think we are all happy it is behind us.

But, during 2020, I was really proud of what the BGL Team achieved.

Let me first look at the CAS 360 Team.

There were 17 software releases with over 400 new features released.

Just think about that – 1 software release every 3 weeks and over 1 new feature every day of the year!

Second, let’s look at Simple Fund 360.

There were 42 major software releases with 100’s of new features released. These include:

  • Simple Fund 360 – 15 releases
  • Simple Fund  360 Workpapers – 2 release
  • Simple Invest 360 – 7 releases
  • Simple Fund Mobile – 4 releases
  • GuestTrack by BGL – 12 releases

And these are just the major releases!

Apart from the work of these 2 teams, the Training and Documentation Team were tasked with updating the documentation and training materials for both products. These guys did an amazing job keeping up with the speed of development of the CAS 360 and Simple Fund 360 product teams.

And last, but not least, let’s include the fantastic work of the BGL IT Team. The BGL IT Team released myBGL and a huge amount of internal development during the year. This team also made numerous software releases of both myBGL and to other internal systems.

Not a bad effort from 3 of the sensational teams at BGL.

Working from home the Teams proved they are consummate professionals.

I am so proud of what was achieved in a very difficult year. I am so proud of each and every one of you!

 

February 26, 2021
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The future of BGL’s Simple Fund Desktop

By BGL Update, Homepage, NewsNo Comments

Below is an email I sent to Simple Fund Desktop clients today.

If this affects you, please speak to your BGL account manager

************************************************************************

I am writing to advise you of the future of your BGL Simple Fund Desktop software.

As you would be aware, there will be a number of significant changes to superannuation law in the 2021 calendar year. These changes include indexation of the pension cap of $1.6m, Superstream Rollovers and the ability to have 6 members in an SMSF.

BGL has made the decision to not make these changes to Simple Fund Desktop and therefore 30 June 2021 will be the last tax release of Simple Fund Desktop.

BGL launched Simple Fund Desktop in 1997. This software has had an incredible life but eventually all good things must come to an end.

BGL will continue to support Simple Fund Desktop clients. No date for the cessation of support has been set and we know it will take a while for all clients to move to Simple Fund 360.

What’s next?

Simple Fund 360 is the natural move for Simple Fund Desktop clients. Migration is seamless and ALL data and reports are migrated from Simple Fund Desktop to Simple Fund 360, meaning you do not lose ANY of your valuable data.

To prepare for your transition to Simple Fund 360, it’s best to start early by:

  1. Reaching out to your Account Manager
  2. Preparing your funds for migration
  3. Signing up to Simple Fund 360
  4. Setting up your data feeds

My Account Management and Client Success Team are here to help make your move absolutely seamless. I have asked them to reach out to you in the coming weeks to help you get started but if you would like to contact us, please call on 1300 654 401.

Finally, let me thank you for being a Simple Fund Desktop client. For many of you, I know Simple Fund Desktop has been a part of your lives for a very long time. I hope Simple Fund 360 will help you continue this remarkable experience

February 15, 2021
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BGL very concerned about Total Balance Cap indexation

By BGL Update, Homepage, Industry, NewsNo Comments

BGL is very concerned about the practical implementation of the indexation of the Total Balance Cap.

“It’s simply too complicated” said BGL’s Managing Director, Ron Lesh. “Indexing the $1.6m cap to $1.7m is not the problem – it’s the partial indexation where a person has already commenced a pension that is crazy.”

“There are 2 real problems with partial indexation.

1. Potentially every person can now have a different total balance cap, and
2. Access to ATO total balance cap data is not readily available.

This makes these changes a nightmare for SMSF advisers” says Lesh. “The ATO and Treasury have known for 2 + years that this will be a problem but have done nothing about it. BGL and many others have been asking for API access to ATO total balance cap data, but our requests have been ignored – it’s simply not good enough.”

“Something needs to be done – and fast”

“The Government needs to find a solution to this – fast” added Lesh. “The simplest is to remove partial indexation and increase the total balance cap for everyone to $1.7m. This removes the complexity and is fairer than some of the other solutions. Why should the date a person commences a pension determine how much that pension should be? Clearly this is unfair”

“BGL needs to implement these changes in our market leading Simple Fund 360 SMSF admin software by 1 July 2021. Implementing partial indexation without access to ATO total balance cap data is going to result in many errors” noted Lesh. “Something needs to be done – and fast”.

BGL has over 6,000 clients representing over 200,000 SMSFs using it’s multi award winning Simple Fund 360 SMSF admin software. “It would be really nice if the government took into account the practical implementation issues of the legislation and made changes to help accountants who have already beared the brunt of the work around JobKeeper of the past 12 months” Lesh said.

February 11, 2021
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24 lessons for 24 years

By BGL UpdateNo Comments

Today I turn 24 years of age at BGL!

Yes, more than 1/2 of my life! And I wouldn’t have it any other way.

As I reflect on my time, I would like to share with you my 24 lessons for 24 years.

To my BGL family members, clients, community + friends, I celebrate you today.

Excited by that which is ahead.

24 lessons for 24 years

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1

True leadership is rare and BGL has what I would consider one of the best!

2

Belief is the greatest gift you can give someone.

3

Servanthood and humility are the foundations of leadership.

4

A leader’s role is to mitigate and eliminate fear and free your people for greatness.

5

Words have the power to inspire or destroy.

6

Set the stage, draw the curtain, marvel and celebrate the accomplishments of people.

7

Being candid with someone is the basis of trust and respect.

8

Relationships are the platform for trust and engagement. Trust does not just happen. It is earned.

9

Pull your competitors tail every now and again. It’s good fun.

10

When the crap hits the fan, dust yourself off, stare failure in the mirror. Don’t bow down to it or be intimidated by it. Failure doesn’t determine destiny.

11

Winning alone means your accomplishments are selfish.

12

Make every touch point with your clients, community and people remarkable.

13

Sacrifice is the foundation of success and growing people.

14

Listening is the greatest form of respect you can show to someone.

15

Culture doesn’t just happen. It requires a daily commitment of time and effort.

16

Connect people to the greater good by aligning them to the why.

17

Deliver to market products and services that astound your audience.

18

Wisdom comes from living, observing, learning, trying, failing and winning.

19

A lived experience is the great enabler and pathway to opportunity.

20

People matter. Make people feel special, connected, loved and heard. Genuinely love people.

21

Honour and never forget those that have invested in you to make you who are today. Honour them by doing the same with someone else.

22

Sorry shouldn't be the hardest word.

23

Passion, values, integrity cannot be taught. They are instilled in your DNA.

24

Nothing is permanent.

February 10, 2021
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CAS 360 Software Update Release February 2021

By BGL Update, CAS 360, Homepage, Product UpdatesNo Comments

Hello everyone and welcome to 2021!

For the first release of 2021, the CAS 360 team have worked on some great new features.

Adding a new Company

When adding a new company to CAS 360, you can now import the basic company information directly from ASIC.

If you toggle on the ‘Import from ASIC?’ CAS 360 will conduct a real time search of the ASIC register and find the company for you.

Clicking on import, will add the company to your CAS 360 company list, and also import the basic company information (Company Name, Number, Company type and class).

Trust Documents

CAS 360 is the best place to manage all of the trusts that your firm looks after, with industry leading trust features.

In this update, we add more documentation for trusts.

When preparing unitholder transactions, if there is an allotment transaction, CAS 360 will now prepare a unit allotment journal, and for unit transfers CA360 will now prepare a unit transfer journal.

New Trust registers have also been added, with a new Register of Trust Relationships, which will show all of the position holders in the trust. Also, a new Register of Trust Events has been added, which will show all event transactions that have taken place inside the trust.

New Contacts screens

This update sees a huge change in the way contact data is entered into CAS 360. We have added new fields and grouped a number of key data fields.

We have added support for ‘Other Names’ which include ‘Casual Name’ a long time requested feature, soon this casual name will be appearing on documents such as letters.

We have also added a whole heap of new contact fields, including identification numbers, and company number types for company contacts. 

New Health Check for Company Details and Holding Company

For New Zealand Companies we have expanded the health check to now include General Company Details and Holding company information.

CAS 360 will now check this information every day with the NZ Companies Office and alert you if there have been any changes.

Live Checks (checking when inside the company) has also been added for Company Details and Holding Companies.

If you would like to view the full release notes for February 2021 please click here to visit the BGL Community.

See you next update!

Warren

February 4, 2021
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ASIC announce changes to Form 484 and 370

By BGL Update, CAS 360, Homepage, IndustryNo Comments

As a part of the new Treasury Laws Amendment (Combating Illegal Phoenixing) Bill 2020 there will be 2 law changes taking effect on February 18 2021. 

Ceasing last remaining Director

From 18 February 2021, companies will no longer be able to cease the last remaining director on ASIC records.

To enforce this, lodgements submitted using a Form 484 Change to company details, or Form 370 Notification by officeholder of resignation or retirement, to cease the last appointed director without replacing that appointment will be rejected.

There are some exceptions to this, including if:

  • the last director is deceased
  • the company is being wound up or under external administration; and
  • the officeholder never consented to the appointment

Changes that you will see in CAS 360

CAS 360 already had a block on resigning the last remaining director via a form 484, a similar block will be added to the form 370.

We will also add new messaging alerting the users when they are trying to cease the last remaining director.

Director Late Lodgements

There are significant changes for late lodgements of director cessations. 

From February 18 2021, if a director’s cessation date is notified to ASIC more than 28 days after the effective date then the effective date will be overridden and replaced with the lodgement date. Late fees still apply to the Change of company details form in this scenario. 

Example 

John Smith is a director of ABC Industries Pty Ltd. 

John Smith resigns as a director on 1 April 2020; however, the Form 484 is lodged to ASIC on 1 November 2020. 

On ASIC’s records, the resignation date will be 1 November 2020. The standard late fees will still apply. 

Changes that you will see in CAS 360

When lodging a document in CAS 360 that is going to receive a late fee. 

CAS 360 will always alert you. A new warning will now appear of officer cessation transactions that are later that 28 days to advise the user that the cessation date will be replaced with the lodgement date.

January 29, 2021
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