UK Tax | Company & self assessment - Access in advance of the year end
Allow us to access Xero Tax in advance of the year end - company and self assessment - as it stands we cannot even set up the details/schedules we know we will need. In other software you could load up the information before the year end date had passed to give the client an estimate of tax liability as the year progresses. Furthermore, this allows you to load information as you receive it - e.g. Company Director dividends to self assessments as you complete company accounts
Gaynor Hutton
shared this idea
-
Sharon Connaughton
commented
This would be such a useful tool and something my client constantly asks about especially regarding director liabilities and dividends.
With regards to self assessment, it would be much easier to have this function to work out director and self assessment liabilities when not having to request the information mostly available in xero -
Alan Streluk
commented
Given the fact that the UK government tax bands are known, it should be (relatively) simple to estimate tax owed to date. I realise that there will be factors that mean this isn't 100% accurate and, according to competitors who already do this (rhymes with flick looks), it works best for sole traders. Surely knowing how much tax you owe is a basic requirement to running a successful company???