BGL Corporate Solutions, developer of Australia’s leading SMSF administration and ASIC corporate compliance software solutions, has released two additional actuarial certificate providers to its Simple Fund 360 software.
Episode 24 – Finalisation of TBAR requirements for SMSFs
The Australian Taxation Office (ATO) has recently finalised the approach for SMSFs to comply with the introduction of reporting various debits and credits against a member’s transfer balance cap. It has been a process of going back and forward with the industry, with the ATO having initially landed on a decision, only to be taken to task over the additional cost and compliance burden that was being imposed, not only on trustees, but the professionals who have endured enormous workloads due to the reforms, in addition to the ongoing problems with stability of ATO systems.
BGL Corporate Solutions, Australia’s leading developer of SMSF administration and ASIC corporate compliance software solutions, has added new filters to Simple Fund 360 Big Data views to help clients review the life insurance of SMSF fund members and obtain a quote for life insurance from Australian Group Insurances Pty Ltd (AGI) insurance.
One of the things I think is very important for software sales people today is that they tell the truth. If they don’t know the answer to a question, they need to find out. If asked about a competitor or a competitors product, they should sell the benefits of their software and suggest to the customer to discuss the competitors product with the competitor. Usually this works OK – but certainly it is what I expect of my sales team.
BGL has ramped up its focus on building data integration with the accounting community through its cloud products, CAS 360 and Simple Fund 360.
There has been a lot of talk about SMSF data feeds recently especially with the ATO’s proposed new events based reporting.
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