93 results found
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Xero Tax (UK) - Exclude Dividends note from filleted accounts
Xero HQ Filleted Accounts without Dividend Note
There should be a facility whereby the notes to the full accounts can be edited for the filleted accounts so that not all are disclosed at Companies House, such as, & very importantly the 'Dividend' note
16 votesHi everyone, thanks for your feedback on this idea. As part of our recent improvements to the notes & disclosures for FRS 1021a accounts, the dividends note is now included within the Directors report which isn't submitted to Companies House. We appreciate there is further work to do to maximise the flexibility here and always appreciate your feedback so please continue to add new ideas.
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Xero Tax (UK) | Roll forward average number of employees
When entering the average number of employees in the notes, it would be great if Xero could bring forward the amount entered in the previous year to save time checking what it was!
16 votesHi everyone, thanks for voting on the idea here. We've made an update in Xero Tax in the UK that now accommodates your needs here. Employee amounts will now roll forward when you add the average number of employees to the notes.
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Xero tax (AU) - Managed fund distribution for CTR, SMSFTR, TRT
can we have a managed fund distribution schedule in tax returns for companies, SMSF, Trust, and partnerships?
15 votesThanks for sharing with us here, everyone. We recently released 2024 Tax forms in Xero Tax for AU. As part of this we've introduced the Trust Income Schedule into non individual tax returns, which provides for what you're after here. You can read more on all the changes that have been rolled out through Xero Central, here.
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UK Xero Tax - R&D intensive for period prior to 1st April 23
I see you have recently livened up the functionality for R&D Intensive Companies to claim 14.5% tax credit, but only for accounting periods commencing on or after 1st April 2023. Will you be adding functionality for companies with periods commencing prior to 1st April but ending after 1st April 2023? We have some clients with December 2023 year ends who are R&D intensive and would like to claim the additional relief for expenditure from 1st April 2023.
Thanks
12 votesHi team, this is now live! 🎉We now cater for enhanced R&D intensive support (ERIS) allowing you to claim a higher rate of payable tax credit for R&D intensive companies. You'l find this is available for any accounting periods that straddle April 2023 and beyond.
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Hubdoc - Upload multiple photos at once via the mobile app
You can only select one photo at a time from your phone to upload to Hubdoc via the mobile app. It would be nice to be able to select multiple photos of receipts to upload at once.
It makes such a difference for customers who travel and take pictures of receipts - It takes up too much time for them to have to individually upload them to the app - so then they don't do it, and I have to chase - so I'd love to see this feature in the mobile app itself.
10 votesHi everyone, pleased to share that it is now possible to upload up to 10 images at once via the Hubdoc mobile app. Images can be bulk uploaded using the camera capture or your device’s gallery. Thank you all for sharing with us here.
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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
9 votesAppreciate you showing your interest around this in Product Ideas, team. However, to confirm you do not need to delete the relationship in XPM.
Instead, in the situation where there's nothing to distribute, you'll want to make sure the beneficiary distribution statement within the TRT has the 'Distribution type' field as blank.
You may just want to open the return to make sure this Distribution type field is correct. Thanks
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NZ Tax: Terminal tax labelled as Residual tax to pay
On the IR3 2024 tax return it is currently labelling the tax liability after provisional tax paid as 2024 residual tax to pay. It should say "Tax to pay" or "Terminal Tax to pay". It is incorrect and confusing to have the tax before and also after provisional tax to both be labelled as residual tax. In communications when we are advising on provisional tax obligations we reference the obligation being based on 105% or 110% of residual income tax and now that is not clear for the client which figure we are using. In addition under the 2025 provisional…
9 votesHey team👋 thanks for all your support on this idea.
We're pleased to announce that some changes made in April 2025 have implemented the functionality of this idea!
You’ll now see that the wording on 2025 payment summaries show “Terminal tax to pay”, rather than “residual tax”.
We really appreciate everyone’s support for this idea, as this is what helps drive these changes.🙂
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Xero HQ - Export ALL the columns of client data in Xero HQ.
The client export only downloads the clients Name, phone number, email and business structure. It would be very handy if we could export ALL the data which should be simple given the addtional columns already exist.
It would also be helpful if you could also sort the other columns on the view screen rather than just the client names.9 votesWe're pleased to share that this change is going live! You can now export all columns of the client list ✅
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1099s - Fully integrate the 1099 Contact page with main Contact page
Xero finally added Legal Name & Business Name fields so we can actually file 1099s properly for sole proprietors that have a different legal name than the contact name. This was a critical improvement But now we have to toggle between two different contact pages because there isn't full integration between the 1099 Contact page and the main Contact page. We want to set up vendors properly from the start, get a W9 on file before our client even pays a vendor ideally (and we're not always going to use your W9 link), and so when we get that W9,…
8 votesHi team, we appreciate your feedback and sharing with us here. We've made some changes in this space and recently released a new 'Tax Details' section for US customers in Contacts.
This allows you to request W-9s from a contact you've set up in Xero, and you'll also be able to see a contacts W-9 status and manually update this if needed.
Additional fields have been added for 'Name on the income tax return' (this was previously 'Legal name') and 'Business or disregarded entity name' in Contacts to match the 1099 W-9 Management space.
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Allocate bank receipts to a customer using cash coding.
Allocate bank receipts to a customer using cash coding.
8 votesHi community, returning to the idea we wanted to confirm. When using Cash Coding to reconcile, you can enter the customer/supplier name into the Payee column, and this will create a Receive/Spend Money transaction for that contact.
However, if the payment relates to an invoice or bill, please use Find & Match to reconcile it, not Cash Coding, as this would create a duplicate account transaction.
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AU Tax - Tax Return states/status for HOLD
In the tax return tab we have the ability to have HOLD as a state/status so that they don't sit in complete or file.
8 votesHi team, coming back across this idea here we have the option of being able to suspend a return. See more detail on how you can do this in our Xero central article. 🙂
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1099s - Exclude PayPal transactions from 1099 reports.
PayPal transactions should be excluded from 1099 reports but they are currently included.
7 votesHi everyone, we have just released a change for the 1099 reports. Now, PayPal, Stripe and Venmo transactions are auto-excluded from 1099 reports based on the description of the item in an Invoice or Bill. Or, the reference in an Invoice or Bill 😊
We appreciate your interest and sharing with us for the idea here. Thanks
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UK Tax | CT600 - R&D tax repayments
R&D tax repayments
Currently with Xero Tax you can only request a credit towards the tax liability and not a cash repayment. Can Xero please amend this so that those that are amending CT submissions to claim R&D, can request to have the cash repayment rather than the reduction. it needs to be populated in CT600 box 865 (currently ).6 votesThanks for your contribution to this idea everyone, and apologies we've not updated you here sooner.
Although we don't support the CT600 box 865 we do support boxes 875, 880 and 885 which are automatically populated with the payable R&D, RDEC or Creative tax credit as applicable when the R&D schedule has been completed and the company is able to claim the repayment.
We added a lot of functionality to Xero Tax last year(2024) around R&D to stay on top of legislative changes, such as those in June 2024 to bring in Enhanced R&D Intensive Support (ERIS) and support the merged RDEC scheme.
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Workpapers - Ability to create new query headings in Workpapers or no heading option
The queries in workpapers are currently organised into query headings covering a number of areas. But there are some queries that don't fit into any of those sections neatly and can confuse clients when sent over.
It would be great if we could create our own headings for the Queries or if Xero could include a 'General' or 'Non-Categorised' section which these less specific queries can be grouped
6 votesHello community 👋
Thanks for sharing this idea, I'm switching it over to Delivered!
The Query Heading is a free text field so you can manually create a new heading for all the different types that are not currently available to select. 😊
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Xero Tax (UK) | Additional tax relief for Research and Development intensive small and medium-sized enterprises
Under new rules in Finance Bill 2023/24 (which was given Royal Assent on 22 February 2024), R&D intensive loss making companies can claim a repayable tax credit of 14.5% where their R&D expenditure is 40% or more of their total expenditure (rather than the 10% credit that applies from 1 April 2023).
Please can you build this functionality into Xero Tax, so that the 14.5% tax credit can be claimed for R&D intensive companies.
See below for further details:
5 votesHi community, this has now been released and we cater for enhanced Research & Development(R&D) intensive support (ERIS) allowing you to claim a higher rate of payable tax credit for R&D intensive companies. This update is available for accounting periods beginning on or after 1 April 2023.
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Report Templates - Set specific notes as hidden by default
Hi there,
Absolutely loving the new 'hide' note function in the financial statement templates. This is a much appreciated update! Could we look into adding an option for certain notes to be hidden by default in the adviser report templates? The reason being, that our firm uses a standardised template that includes a number of accounting policy notes that may not be applicable for all entity types. Our current process was to delete the notes that were not relevant and there are a number of notes that are irrelevant more often than not. If we had the ability to hide…5 votesHi team, this is now available to everyone! 🎉 You'll now find you can manually hide a note (text block or schedule) in the master practice report templates.
Thanks for contributing here in Product ideas and letting us know the changes that matter to you 😊
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Personal Tax (UK) | Add HMRC Details & Payment Reference to Payment Report
More complete information added to the Payment Report for personal tax, so that the Payment Reference and HMRC bank details are included as well as the amounts to be paid. Then this one page can be sent to the client and avoids a lot of additional time spent sending them separate info on how to pay and what the reference is. BTC do this really well
5 votesHi everyone, we wanted to come back and confirm that as part of the compliance release for the tax year 2023/24 the payment details were added to the payment report. This should be visible to you now in the personal tax product.
The payment details default to HMRC Cumbernauld but If you'd like to change this, you can go to the Other return information schedule and "HMRC payment details" to select HMRC Shipley.
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Payroll Reporting - Year to date verification report utilising STP
Include Reconciliation to payroll and ATO reporting category
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Xero Tax UK - Delete or archive draft Partnership returns
Delete or archive draft Partnership returns in Xero Tax UK - if a draft is created in error it just stays on the dashboard, eventually showing as overdue and clogging up the dashboard's useful information. If full deletion is not an option, for audit purposes, then I'd like to at least be able to archive it and remove it from my dashboard view.
4 votesHi team, thanks for raising this with us here. Excited we've been able to make an update that achieves what you're after here.
Within the partnership tax workflow you can now delete unfiled returns and amend previously filed tax returns. 🙂
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Xero Tax (UK) | Directors report - Include Directors' responsibilities statement
Please could you include the Directors responsibilities paragraph in the directors report as this is best practice.
4 votesHi everyone, returning now a few months on from our last update and we're going to move this idea to 'Delivered' with the change the team made to FRS102 1a - New notes and disclosures + Directors report 🎉
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