BGL Corporate Solutions, developer of Australia’s leading SMSF administration and ASIC corporate compliance software solutions, is pleased to announce the release of the 2018 SMSF Annual Return and associated schedules in Simple Fund 360. 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.