The Australian Taxation Office has registered superannuation software company for self-managed super funds, BGL for lodging electronic SMSF annual returns with the ATO through the government's simplified business reporting system.
This means the firm's clients can lodge SMSF annual returns through its cloud SMSF administration solution, Simple Fund 360 on any device.
BGL managing director Ron Lesh said SMSF firms are not keeping up with implementing data automation.
"There has been a lot of SMSF industry talk about automation, integration, audit, etc. over the past few months," Lesh said.
"A recent BGL client survey of over 500 firms found 63.93% of our clients have no plans to implement data automation in the next 3 years. The SMSF industry (and their clients) will pass them by if they remain ostriches."
Simple Fund 360 is now available to over 600 BGL clients representing almost 50,000 SMSFs.