SMSF software provider BGL has released growth statistics for the past year, as the firm looks set to shut down its desktop operations for trustees.
BGL Corporate Solutions, Australia’s leading developer of SMSF administration and ASIC corporate compliance software solutions, would like the ATO to rethink the new super reporting requirements. We think they are draconian and can find nowhere in the new legislation where they are mandated.
Software company BGL has intensified its campaign against the event based reporting requirements, launching a petition directed at Ms Kelly O’Dwyer and ATO commissioner Chris Jordan
BGL would like the ATO to rethink the new super reporting requirements. We think they are draconian and can find nowhere in the new legislation where they are mandated.
By Gary Chau ([email protected]), Lawyer, and David Oon ([email protected]), Senior Associate, DBA Lawyers
The Australian Prudential Regulation Authority (‘APRA’) has just updated its Superannuation Prudential Practice Guide SPG 280 — Payment Standards (‘SPG’) in June 2017.
Two key accounting associations have vowed to continue their lobbying efforts with the government to stabilise the ATO’s portals, as prominent personalities in the SMSF industry continue to escalate their plight.
BGL has added over 100,000 companies and 25,000 trusts to CAS 360, its cloud ASIC corporate compliance software solution, in just 21 weeks.
BGL managing director Ron Lesh has criticised the events-based reporting requirements as “bureaucracy gone mad” and hit out at accounting bodies for their lack of opposition to the changes.
The federal opposition has weighed in on the persistent outages plaguing the ATO’s portals, calling on prime minister Malcolm Turnbull to intervene and address accounting professionals.
SMSF audit platform Evolv White has integrated its software with BGL’s Simple Fund 360, which will enable auditors to further automate the SMSF audit process.
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