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Simple Fund 360 and Simple Invest 360 Product Update – June 2022

By June 17, 2022June 29th, 2022BGL Update, Simple Fund 360, Simple Invest 360

We are excited to announce a huge Tax Time update for our self-managed superannuation fund (SMSF) and investment portfolio management software solutions Simple Fund 360 and Simple Invest 360!

You can learn what’s new at our New Features Webinar on Tuesday 28 June at 11:00 AEST. Register now >>>

The full release notes can be found on the BGL Community >>>

What's New?

Reviewing portfolios just got a whole lot easier!
This update features 3 new reports in Simple Fund 360 and Simple Invest 360, to make reviewing portfolios simple for SMSFs, trusts, companies and individuals! The new reports include an asset allocation pie chart, to show the relative size of each asset category within the portfolio (Learn More), an asset allocation report which breaks down the detail (Learn More), and a defensive vs growth asset allocation pie chart (Learn More).

Wraps and Platforms: The Simple Fund 360 and Simple Invest 360 Macquarie Wrap data feed now supports foreign investment transactions (Learn More).

Exclusive to Simple Fund 360

BGL's SMSF administration software solution

Tax Time: Simple Fund 360 now supports the preparation of the 2022 SMSF Annual Tax Return with all the required supporting schedules with digital signing enabled. Plus, electronic lodgment through the ATO’s Practitioner Lodgment System (PLS) from 1 July 2022 (Learn More). Other tax time changes include:

  • 2023 tax labels added to the chart of accounts
  • Ability to process tax instalments for the 2022-2023 financial year
  • Support for funds winding up in the 2023 financial year
  • New 2022 Fact Finder report (Learn More)
  • New Trustee exempt current pension income (ECPI) election minute (Learn More)

Xero Tax: The BGL and Xero SMSF Annual Return tax integration has been updated to provide clients with the ability to seamlessly send the 2022 SMSF Annual Return from Simple Fund 360 to Xero Tax for lodgment (Learn More).

Legislative Changes: With the 2023 financial year just around the corner, legislation changes have been implemented in Simple Fund 360 including:

  • Downsizer contributions (Learn More)
  • Pension minimum reduction of 50% (Learn More)
  • Non-concessional contribution 3 year bring-forward cap (Learn More)

Exclusive to Simple Invest 360

BGL's investment portfolio management software solution

Tax Time: Simple Invest 360 now supports the preparation of the 2022 Trust Annual Tax Return with all the required supporting schedules with digital signing enabled. Plus, electronic lodgment through the ATO’s Practitioner Lodgment System (PLS) from 1 July 2022 (Learn More). Trust Tax Return amendments can now also be prepared and lodged in Simple Invest 360 for the 2021 financial year and onward (Learn More).

Want to learn more about Simple Invest 360, BGL’s end-to-end investment portfolio solution?
Book a virtual meeting with BGL’s Simple Invest 360 Product Manager, Andrew Paszko at www.bglcorp.com/simple-invest-360-discovery

The full release notes can be found on the BGL Community >>>
Previous months’ release notes can be found below:

Check out our Resources Hub!
We provide Simple Fund 360 and Simple Invest 360 users with a myriad of resources and services which can be found in the Resources Hub. The Resources Hub provides practical stuff to help you in your Simple Fund 360 and Simple Invest 360 journey. Visit Resources Hub >>>

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