NZ Tax - Ability to calculate income tax for part year returns
Hi team
We need Xero to be able to calculate tax correctly on part year returns for clients in Xero tax. Even though the date fields are available in your returns to show a part year, the tax is still calculated for a full year so the assessment from IRD differs from the return prepared in XPM.
Currently the only option is to file via myIR which is really not good enough.
3
votes
Kerrin Paget
shared this idea
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Brooke Peterson
commented
If the part year return has be ticked, a box should be added in the tax calculation for us to include the part year adjustment as xero does not calculate this