379 results found
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AU Tax - ITR signatory for deceased or incapacitated individuals
Where the individual client title has been changed to "Executor for" or "Representative for" the declarations should also be updated with this information. Currently the declarations still just use the individual name, who may be deceased or unable to sign on their own behalf.
2 votes -
Avoid blank beneficiary schedules from generating on tax returns
In Xero Tax we need to be able to indicate that a beneficiary does not receive income in a financial year so that the tax return validates without deleting the relationship in XPM. Vice versa in the beneficiary return ie: individual, company another trust we need to be able to indicate they are not receiving trust income so that this return also validates without deleting the relationship in XPM
1 vote -
Enable Capital Works Deductions in Rental Schedule for ITR
Hi Xero Team,
It would be highly beneficial if Xero allowed users to record Capital Works Deductions directly in the Rental Schedule for Income Tax Returns (ITR). Currently, this critical aspect of rental property deductions has to be entered manually, which defeats the purpose of using accounting software to streamline and automate tax compliance.
Including this feature would:
- Improve accuracy and efficiency.
- Reduce manual effort and the risk of errors.
- Make Xero a more comprehensive tool for rental property management and tax preparation.
Please consider implementing this functionality in future updates. It would significantly enhance the user experience for accountants…
1 vote -
Forward preparation of tax reurns for companies deregistering and deceased estates
There is an inability to prepare and lodge income tax returns for the forward 2025 year for companies and trusts including deceased estates.
In regard to companies deregistering in the 2024/2025 tax year or wanting to deregister in that year, the company cannot do a 2024/25 tax return after deregistration as the ATO will not accept a lodgment after the date of deregistration as it is considered by the ATO to no longer exist. Companies cannot do a 2024/25 tax return before deregistration as Xero do not have this function available.
This functionality needs to be urgently implemented.
Our previous…2 votes -
UK Tax - Include Property Income in Personal Tax
Add Property Income to Personal Tax. For many people this is the only reason they have to fill in a tax return
1 vote -
Create tax returns for a future period
NZ Tax - Can we get the ability to create a future period tax return using the current years format. We would still need to submit the return manually through the IRD. It would be much simpler to create a draft in Xero instead of using the PDF versions from the IRD.
1 vote -
retained earnings
A flag which shows when the profit & loss figure plus brought forward retained earnings does not add up to the retained earnings on the reports. This is usually due to a mapping issue where a figure is causing a transposition error. It only seems to flag if you opt to include a statement of changes to equity. Seems like there should be a more obvious flag for this issue to ensure it is not missed.
Also perhaps a reconciliation between the profit & loss figure in the company accounts versus the Xero business, appreciate this is likely to be…1 vote -
Xero Tax - Not Filed Filter
It would be good to be able to filter the Tax Home Page by Not-lodged/Not-Filed.
We can view the Filed on one tab, but to see ALL Not-Yet-Filed returns we need to go between Draft, Completed, Approved, To sign & To file tabs.
In the All tab it includes Filed. There is no way of removing the Filed from this tab.
It would be great to be able to see all outstanding returns in one place without seeing ones already completed.1 vote -
AU Tax - Automatic filing of a suspended return
AUTOMATIC SUBMISSION OF A RETURN WITH THE "DEFERRAL" DATE ALLOCATED
It is a critical feature on a system we transition from to XERO tax, to be able to allocate to a finalized return a deferred date for the submission. On such and such date, all returns with that date and tag then come up, and with a touch of a single button all go to the ATO at the same time. The deferral function is critical where the client's return has a large tax bill, for example, and the client has other ways of utilizing the funds and keeping them…
3 votes -
Move the "add last items" in the invoicing screen
Move the "add last items" in the invoicing screen. Half the time the Billable items button comes up first in its place, but then moves to a lower point on the screen. The problem is if you click on it before it moves to the lower point on screen or just as it does, you end up with the last invoiced items on the invoice that you don't want.
2 votes -
Access lost to all Xero tax reports if Xero sub cancelled
We've just found out to our horror that we lose access to ALL Xero historic accounts and tax filings prepared and submitted through Xero Tax for a client if the Xero sub is cancelled.
Apparently this is because Xero needs to maintain access to the live data even for filed returns. Therefore, there has to be a process where ALL accounts and tax comps must be downloaded and stored elsewhere each year. We think that's crazy and that all filed returns should be stored in Xero Tax as PDFs. If nothing else, there should be a flag warning us! This…5 votes -
Rental Property Schedules sharing
The fact that it's so hard to get a rental property schedule to share from one return to the selected second client is very very very very annoying. If there were a button we could press to manually ask it to share across that would save endless saving, closing, opening, closing the whole program, turning off your computer and leaving my desk in frustration.
4 votes -
AU Tax | Report Builder - More specific fields
We would like to see more custom report options that reflect the returns so we can interrogate and pull information out of Xero tax in relation to clients
In particular, get a list of every client that has a number in the Tax Return Labels – Interest Expense or Interest Expense overseas or Royalty Expenses Overseas - See attach screenshots
2 votes -
Xero Tax - For the U.S.
In the U.S. Xero is one of the top accounting software companies. Its biggest competitor Quickbooks has several Intuit tax software products that integrate with each other. I would like to Xero launch Xero Tax in the near future as Intuit products aren’t as innovative, robust and user friendly. Glad to see this is available in other markets but would love to see it roll out here in the states
1 vote -
File historic tax returns through Xero tax
It would be useful to be able to file historic tax returns prior to the dates shown in Xero. I have a client who submitted his own accounts but has never submitted his own tax returns so we need to file 4 returns for him but we are only able to go back 2 years.
1 voteHi Natalia, just to make sure I'm sharing this back with the right team internally. Where abouts is your client based. Our Tax products for each region are developed separately for their own needs and regulations so this information will make sure I get it back to the right team to consider.
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Adding a start date in the company settings (editing balance sheet, start date)
An option should be added in Xero settings, company settings, to manually enter the start date (at the moment you can only enter the end year date)
There should be an option to extend the settlement period manually in the balance sheet to generate a report.
When a company changes status to limited in the middle of the month, the first settlement period is extended by that half of the month (e.g company start January 18, 2023, end January 31, 2024), the balance sheet should show the settlement on these dates (and not from February 1, 2023 to January 31,…
2 votes -
Rental Property Summary Comparison Export
There should be a way in the rental property summary that can be printed for all properties owned by an individual that combines them rather than a separate page for each, so that it is easier to compare the properties to one another or even just the option to download the rental schedules as a CSV.
1 vote -
AU Tax - Tax return labels on ATO prefilling summary
ATO prefilling summary to include column displaying relevant Tax Return Label next to prefill information
Example (Individual Tax Return - Bank Interest)
Gross Interest $x,*** Label 10LExample (Managed Funds Distributions)
Non primary production income amount $x,*** Label 13UCurrently the ATO prefilling summary does not show the Tax Return Label which information will be prefilled into. Inclusion of Labels will make reconciliation between prefilling and Tax Return easier.
3 votes -
AU Tax- Ability to assign draft Activity Statements
Would love the ability to assign practice team members to activity statements so you can see from within Xero Tax the workflow of which team members are assigned to which AS.
1 vote -
AIA should be in the list of accounting bodies in the UK
AIA is a prestige accounting body in the UK and I couldnt find the accounting bodies list during preparing final account - it should be added
Thanks
1 vote
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