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BGL adds company tax return to 360 suite

By Accountants Daily, In the Media, NewsNo Comments

Written by Josh Needs
Published by Accountants Daily on 15 December 2022
Click here to read on Accountants Daily website

The feature will allow clients to electronically prepare and lodge the return, the firm says.

BGL Corporate Solutions has added electronic lodgment of company tax returns to its Simple Invest 360 software.

BGL managing director Ron Lesh said it was an industry-first and the feature supported the 2022 annual tax return and associated schedules, which were populated automatically by Simple Invest 360’s CGT engine.

“With the ATO’s approval, BGL clients can now prepare and electronically lodge the 2022 company tax return in Simple Invest 360, streamlining their compliance workflow,” he said.

The update also provided automatically generated reports such as a declaration of dividends, dividends paid minute report, a director’s report, and a dividend statement. BGL said clients previously had to manually create these supporting documents in Microsoft Excel or Word.

Simple Invest 360 product manager Andrew Paszko said: “Simple Invest 360 is in a class of its own, offering investment reporting, CGT tracking, shareholder register, dividend payment, full set of financials, accounting workpapers and now electronic lodgement of the company tax return all in one user-friendly software.”

The Simple Invest 360 product aimed to provide an end-to-end investment portfolio management system for companies, individuals and trusts, BGL said, with this release adding to its capability.

The software also integrates with BGL’s CAS 360 and Simple Fund 360 systems.

Founded in 1983, BGL Corporate Solutions started with only two employees and has grown to become one of the largest developers of compliance software in the world, with more than 180 employees globally.

BGL provides cloud-based company compliance management, SMSF, and portfolio administration software to over 8,000 businesses in 15 countries, with clients ranging from major accounting and law firms to financial planners and individual SMSF trustees.

December 15, 2022
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BGL offers company secretary induction course

By Accountants Daily, In the Media, NewsNo Comments

Written by Josh Needs
Published by Accountants Daily on 27 September 2022
Click here to read on Accountants Daily website

The free training supplies participants with an understanding of core duties and legal responsibilities, said the firm.

BGL Corporate Solutions is offering a free online company secretary course for accountants and others unfamiliar with the role.

Managing director of BGL, Ron Lesh, said he was pleased the firm was able to supply the education tool.

“We’re excited to offer this free live training course to help those new to a company secretary role find their feet in a complex and ever-changing compliance landscape,” said Mr Lesh.

“BGL has over 30 years of experience in the corporate compliance space and has developed this course to share its knowledge and expertise with the community and help pave the way for the next generation of company secretaries and administrators.”

The firm said that the course — Company Secretary 101: A Beginner’s Guide — would be useful for new ASIC registered agents, accountants, and administrators or those wanting to refresh their skills.

The course aimed to provide participants with an understanding of the core duties, legal responsibilities, tasks and activities of a company secretary and will provide attendees with two CPD hours.

Head of CAS 360 at BGL, Warren Renden, said the course could also help participants better understand the software.

“We developed CAS 360 to be the complete tool for managing company compliance requirements,” he said.

“This new training course will give participants an overview of company secretary duties, so they may better grasp their roles and responsibilities.”

BGL said the role of a company secretary was essential in monitoring and governing how a business operated and ensuring it remained compliant with corporate law.

The position involves maintaining a registered office and reporting any changes for the company to ASIC and because of its critical nature a company’s secretary could be subject to several legal obligations and duties.

Founded in 1983, BGL Corporate Solutions started with only two employees and has grown to become one of the largest developers of compliance software in the world, with more than 180 employees globally.

BGL provides cloud-based company compliance management, SMSF and portfolio administration software to over 8,000 businesses in 15 countries.

BGL’s clients range from major accounting and law firms to financial planners, as well as individual SMSF trustees.

September 27, 2022
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BGL integrates with SuiteFiles

By Accountants Daily, In the Media, NewsNo Comments

Written by Josh Needs
Published by Accountants Daily on 16 August 2022
Click here to read on Accountants Daily website

The partnership with SuiteFiles will help clients automate workflows such as annual returns and company management, says BGL.

BGL Corporate Solutions’ company compliance management software CAS 360 has integrated with cloud document management software SuiteFiles.

BGL’s managing director Ron Lesh said that the integration would help clients increase the automation of their business processes.

“It’s great to add SuiteFiles to the BGL ecosystem,” said Mr Lesh.

“This integration will help CAS 360 and SuiteFiles clients in Australia and New Zealand automate workflows such as annual returns/reviews, filing and company management.”

BGL said that SuiteFiles was a document management software that would save clients time by allowing them to securely manage, edit, share and sign documents.

The integration between CAS 360 and SuiteFiles would enable BGL clients to upload or generate documents in CAS 360 and then automatically save them in SuiteFiles, according to BGL.

Chief executive of SuiteFiles Andrew Sims said he was excited to integrate with CAS 360 and BGL.

“CAS 360 was one of our most requested integrations because of the number of clients SuiteFiles and BGL share,” said Mr Sims.

“We’re pleased to bring CAS 360’s automated workflows and our document management together for the benefit of our shared clients.”

BGL said the functionality created by streamlining the workflow between the two applications would remove the need to manually add documents to SuiteFiles and also improve the visibility of data and documents across clients’ business.

“This one-way integration allows SuiteFiles to pull documents and data directly from CAS 360,” said Mr Lesh.

“Plus, any changes to documents prepared in CAS 360 will automatically synchronise to SuiteFiles. It’s seamless!”

SuiteFiles was founded in 2012 with a goal to help businesses become fully cloud-based and save them time by making it easier for them to communicate with their clients and internal teams.

SuiteFiles integration with BGL’s CAS 360 comes after having already integrated with Xero and also Microsoft Office 365.

Founded in 1983, BGL Corporate Solutions started with only two employees and has grown to become one of the largest developers of compliance software in the world, with more than 180 employees globally.

BGL provides cloud-based company compliance management, SMSF and portfolio administration software to over 8,000 businesses in 15 countries.

BGL’s clients range from major accounting and law firms to financial planners, as well as individual SMSF trustees.

August 16, 2022
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BGL to accept crypto as payment

By Accountants Daily, In the Media, NewsNo Comments

Written by Josh Needs
Published by Accountants Daily on 26 July 2022
Click here to read on Accountants Daily website

Digital currency can now be used for subscriptions to the company’s management software.

BGL Corporate Solutions will now be accepting bitcoin as payment for subscription to its suite of software, CAS 360, Simple Fund 360 and Simple Invest 360.

Managing director of BGL, Ron Lesh, said the firm was pleased to be accepting cryptocurrency.

“We are very excited to offer our clients the option to pay their annual software subscriptions with Bitcoin”, said Mr Lesh.

He said that the company’s ability to accept crypto as payment was developed through BGL’s collaboration with cryptocurrency exchange Cointree.

“From today, BGL clients will be able to pay into our crypto wallet thanks to our partnership with Australia’s own cryptocurrency exchange, Cointree,” said Mr Lesh.

“Clients will simply click a link on our invoices and complete the transfer.

“With cryptocurrency continuing to grow in popularity, our partnership with Cointree provides an easy way for BGL to offer subscription payments in cryptocurrency.”

BGL said the latest development with Cointree came after they had partnered to provide Simple Fund 360 and Simple Invest 360 an easy way to process cryptocurrency transactions, value and keep track of their portfolio, and help with the calculation of CGT events for SMSFs, trusts, companies and individuals.

Chief executive of Cointree, Jess Renden, said the exchange was delighted to partner with an innovative business like BGL.

“We’ve been helping Australians access crypto since launching in 2013 and are proud to partner with a forward-thinking organisation like BGL,” said Ms Renden.

“Consumers have embraced cryptocurrency in recent years and it’s becoming more common for people to use it as a means to pay bills, so when BGL wanted to offer its customers to pay bills our team were ready to help find a solution.”

The partnership between the two companies has also expanded into co-developing Australian-based software to provide a daily price feed for several cryptocurrencies.

Called NBOC, BGL said it was a daily automated data feed that provided both Simple Fund 360 and Simple Invest 360 clients with up-to-date prices for cryptocurrency and was suitable for SMSFs, companies, trusts and individuals.

Founded in 1983, BGL Corporate Solutions has grown to become one of the largest developers of compliance software in the world, with more than 180 employees globally.

BGL provides cloud-based company compliance management, SMSF and portfolio administration software to over 8,000 businesses in 15 countries.

Cointree launched in 2013 and operates as one of Australia’s largest cryptocurrency exchanges, handling over $250 million in transactions.

July 26, 2022
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BGL integrates with Cleardocs for efficient company incorporations

By Accountants Daily, In the Media, NewsNo Comments

Written by Josh Needs
Published by Accountants Daily on 15 July 2022
Click here to read on Accountants Daily website

The upgrade will allow BGL clients to automate the company registration process, says managing director.

BGL Corporate Solutions has integrated with document provider Cleardocs to provide streamlined company incorporations.

BGL said that its clients would now be able to seamlessly incorporate companies through the Cleardocs platform with all data and supporting documents automatically imported into its management software CAS 360.

The managing director of BGL, Ron Lesh, said that he was delighted with the partnership with Cleardocs, which is part of the Thomson Reuters accounting software suite.

“We are extremely proud to have developed this integration together with Cleardocs,” said Mr Lesh.

“This integration will help BGL clients automate the company registration process and eliminate the need to manually enter the company details in CAS 360, making the entire process a breeze.”

BGL said that the integration meant its clients just needed to click the “register via provider” button within the CAS 360 company registration screen and then select Cleardocs.

Managing director Asia and emerging markets at Thomson Reuters, Jackie Rhodes, welcomed increased ties with BGL.

“We are excited to provide BGL clients with full circle integration by enabling a seamless end-to-end process within CAS 360,” said Ms Rhodes.

“This development delivers real-time savings and improved accuracy to BGL clients, and it further cements our longstanding relationship with BGL.”

Cleardocs said this integration would help save time on data entry when registering a company, with just a few clicks required to transfer all the relevant data.

Mr Lesh said BGL aimed to integrate its suite of software with other companies in the future.

“Currently, this integration is exclusively for Cleardocs company incorporations, however, we plan to expand this feature in the future,” said Mr Lesh.

Founded in 1983, BGL Corporate Solutions started with only two employees and has grown to become one of the largest developers of compliance software in the world, with more than 180 employees globally.

BGL provides cloud-based company compliance management, SMSF and portfolio administration software to over 8,000 businesses in 15 countries.

BGL’s clients range from major accounting firms and law firms, financial planners, as well as many individual SMSF trustees.

July 15, 2022
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