2018 SMSF Annual Return and much more!

By June 21, 2018 June 26th, 2018 Homepage, News

BGL has just released the 18 SMSF Annual Return and associated schedules in Simple Fund 360.

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The release also includes bankstatements.com.au which provides data feeds for almost 100 new banks and financial institutions

“I’m very proud of Simple Fund 360 team”, said Ron Lesh, BGL’s Managing Director. “With the end of financial year fast approaching, they have delivered another huge product update for our clients. This release includes not only the 2018 SMSF Annual Return with the ATO approval for electronic lodgement through SBR, support for 2017 deferred notional gains, a tax return export to Xero Tax and much more”.

“The integration with bankstatements.com.au is also significant” added Lesh. “Clients keep asking for bank data feeds from banks that either don’t have any or simply won’t provide them to us. Bankstatements.com.au have some really smart technology to extract data files through internet banking. Although I prefer direct feeds from banks, if I have the choice of using this technology or not having a feed at all, I think clients would like the technology option.”

“This Simple Fund 360 release also contains updates to the Financial Statements and Notes, Trustee minutes/resolutions, the Trustee declaration and the TAG / BGL Audit Workpapers to meet 2018 reporting requirements” says Lesh.

“We understand how important it is for our clients to have updated software early to meet their compliance requirements” noted Lesh. “There is still much to do with some remaining 2016 super changes and the 2017 super changes. While the bulk of the work is done, our teams can now focus on cleaning up the loose ends and getting this out to clients ASAP”

Simple Fund 360 is now the preferred SMSF admin solution for over 4,150 firms with over 150,000 funds loaded on the platform.

BGLCorp

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Join the discussion 5 Comments

  • DAVId BURNETT says:

    Our funds ( Forest Services ) will complete 2018 on the old system and transit to 360 in the new year. Can you tell me when the Annual Return update will be available for the old system

    • Teagan Crozier says:

      Hi David,

      We are aiming to have the 2018 Tax Return available in Simple Fund Desktop by the end of July (approximately).

      If you have any further questions, please feel free to contact us on 1300 654 401.

      Thank you!

  • Ravi says:

    I have 5 funds for annual tax return. How much it will cost me to get BGL SMSF software for approx. 5 funds.

    Thanks

  • Jean says:

    Hi, any update on the Annual Return for the old system? It says every time we try to generate tax returns “an update will be available in July 2018”. Thanks

    • Teagan Crozier says:

      Hi Jean,

      Our team released Simple Fund Desktop Version 2018.1 on 27/07/2018.

      In this update, all changes pertaining to the preparation and paper lodgement of the 2018 SMSF Annual Return have been implemented.

      You can download this update from the BGL Client Centre.

      I hope this helps 🙂

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