Accountants have a seat in the boardrooms of Australia’s most powerful companies, and they’re a huge chunk of, and a trusted adviser to, the SME community. As a profession, accountants are among the most influential in the country.
BGL Corporate Solutions, Australia’s leading supplier of SMSF administration and ASIC corporate compliance solutions, unlike Bill Shorten, does not think accountants are ‘Rorts’.
It has been almost a year since the notifiable data breaches legislation came into effect, and in this time, the ATO has been working on introducing various new security measures, many of which will impact accountants.
BGL is proud to announce that Simple Fund 360 now has an integration with Australian Money Market, a secure online term deposit & cash investment platform.
The Financial Adviser Standards and Ethics Authority (‘FASEA’) has finalised the acceptable pathways that advisers can take to meet FASEA’s education standards.
Advisers who offer standard template documents for SMSFs without asking clients for their preference may find themselves liable if the document doesn’t match the client’s instructions, warns an industry lawyer.
BGL worked on the application of AI for its market-leading, cloud-based platform, Simple Fund 360, for two years. The goal for BGL was to integrate an AI personal assistant with Simple Fund 360 to support the labor-intensive pre-audit process. This, in turn, would help accountants improve productivity—reducing costs further—and lower transaction categorization errors.
The new integration allows firms using AccountKit to see CAS 360 company Annual Review status, document deadlines, ASIC company debt list and documents awaiting lodgement in ASIC in CAS 360 from inside AccountKit. Additionally, users will now be able to bring up clients records showing data across XPM, AccountKit, CAS 360 and Simple Fund 360.
The accounting profession is younger than ever, more gender equal, and continually growing, according to new ATO data, disproving doomsday prophets who argue that technology will kill off the industry.