BGL delivers depreciation solution
Self-Managed Superannuation Funds (SMSF) specialist provider, BGL Corporate Solutions has partnered with CoreLogic RPData to release what is being described as Australia's first automated depreciation solution for SMSFs.
Announcing the launch this week, BGL managing director, Ron Lesh said the solution meant that clients would be able to request depreciation schedules for residential and commercial property through their BGL Simple Fund software.
He said that this meant the schedule would flow back into Simple Fund and with a PDF automatically attached to the appropriate fund.
"This is a sensational new and unique service for our clients," he said. "This new services means our clients' SMSFs will now always get the maximum allowable depreciation deductions for all properties without the need for tedious manual calculations."
He noted that, over the past 18 months, BGL had integrated a number of CoreLogic RP Data products with its Simple Fund software including residential, commercial and rural property valuations and land title searches.
Recommended for you
Financial advisers are demonstrating growing interest in crypto ETFs, with momentum pushing assets in these products past $800 million.
AMP CEO Alexis George has said addressing Australians’ retirement concerns should be "front and centre for policymakers” after its research revealed only half of Australians are confident about their retirement.
LGT Crestone has announced a rebrand, marking a “decisive milestone” following its acquisition of Commonwealth Bank’s high-net-worth financial advisory business in June.
The launch of a low-cost menu for BT Panorama will allow advisers to service a wider range of clients from one platform and potentially run a more profitable business, according to specialist Recep Peker.
