There has been a lot of talk about SMSF data feeds recently especially with the ATO’s proposed new events based reporting.
One accounting software veteran has hit out at the ATO for putting commercially “unrealistic” expectations on software companies, as it pushes forward with new systems for tax professionals.
The ATO has proposed new standards for software providers which one software head has criticised as “unrealistic” and likely to result in substantial cost.
The current capability of automation within SMSF administration services was not yet at a point where it could be substituted for the judgment of a human adviser, according to a panel of executives.
Advisers and accountants reporting under the transfer balance account report (TBAR) regime for their pension SMSF clients must now be using up-to-date software in their practices rather than spreadsheets, an administrator has warned.
BGL managing director Ron Lesh said the reliability of data feeds continues to be an issue for the SMSF industry.
An online trading platform which pitches itself as a “dynamic, always-on social investment network of like-minded investors” has announced a $7.5 million initial public offering.
Online share trading platform and investment community Selfwealth has pushed the button on its initial public offering as it looks to expand its suite of offerings and position itself as the Facebook of investing.
BGL Solutions is continuing its cloud developments, with 100,000 paid self-managed super funds (SMSFs) now on its Simple Fund 360 offering.
BGL is pleased to announce it has recently passed 100,000 paid SMSFs on Simple Fund 360 and 140,000 paid companies on CAS 360.
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