BGL has officially released two-way integration with Xero Practice Manager to automatically synchronise contacts in SMSF administration software Simple Fund 360, as well as CAS 360, with clients using Xero.
The number of self-managed superannuation funds with unmet financial advice needs is at record highs, and yet this is not translating to greater use of financial advice, with trustees citing difficulty in finding advisers who can meet their needs.
The development of regtech solutions will enable advisers and accountants to decide what is best for clients in a more seamless way, along with the additional benefit of managing business risks.
The advent of new technologies and further automation is set to be a huge challenge for most industries and professionals, yet accountants are failing to embrace the change as an opportunity.
Artificial intelligence (AI) and machine learning provide the possibility of enabling SMSF software and systems to autonomously and automatically pick out funds that have issues, lessening the burden of compliance on practitioners, according to BGL Corporate Solutions managing director Ron Lesh.
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.
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
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 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.
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