BGL releases 2025 tax time updates

BGL Corporate Solutions have announced the release of its 2025 tax time updates for Simple Fund 360 and Simple Invest 360.

These updates include all the 2025 changes for the Company, Trust and SMSF Income Tax / Annual Returns for Simple Fund 360 and Simple Invest 360.

“We know tax time can be challenging, so our team is committed to staying ahead of legislative changes and helping clients simplify their year-end responsibilities,” said Jeevan Tokhi, General Manager of Product at BGL. “These updates provide enhanced preparation and review functions for the 2025 SMSF, Trust and Company Tax Returns, making it faster and more efficient.”

In Simple Fund 360, BGL has added support for the 2025 SMSF Annual Return and all associated tax changes. While the ATO made no changes from 2024, clients can now generate Annual Returns for SMSF wind-ups processed during the 2025 financial year.

Simple Invest 360 has been updated to support the 2025 Trust Annual Return. Features include automated reading of Annual Tax Statements with BGL SmartDocs, investment tracking, flexible profit distributions, preparation of annual distribution minutes and a complete set of financial statements. Simple Invest 360 offers a complete solution for efficiently and accurately managing Trust Tax Returns.

Simple Invest 360 has also updated the 2025 Company Annual Return. With time-saving features including the ability to prepare Dividend Statements, manage Division 7A loans and prepare all minutes and Financial Statements, Simple Invest 360 helps reduce errors and ensure compliance with ATO requirements.

“Our mission is to give firms the confidence to manage tax time seamlessly with less risk of error,” added Tokhi. “These enhancements reflect our continued investment in smart, compliant solutions that evolve with the regulatory landscape.”