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This is also very important for preparing Partnership tax returns, and for returns for entities (companies etc) that want to wind up and get tax back prior to winding up for the current financial year period (eg due to family breakdowns etc). And also, in the delicate matter for Estate returns, where families want to be able to move on and manage the tax affairs of loved ones for distributions and to not be constantly reminded of the date of death etc.

Being able to create future Estate returns to finalise the Estate is very important to our clients.

Very critical for different tax periods

Very poor showing on Xero's part not to have future year returns available for all entities when it is a critical part of our work.
For those of us dealing with winding up of entities (particularly deceased estates, trusts being vested, ceased partnerships and for companies prior to liquidation), the lack of ability to lodge a future year return causes absolutely undue frustration, and unnecessary delays.

From Xero's website : https://www.xero.com/au/xero-tax/
"Xero Tax : One solution for all your clients"

I'm afraid this is not accurate, and Xero needs to take things a step further in their development of Xero tax.

When are these changes going to be made please ?

That's not an update but a reiteration of the previous unfortunate position by Xero. I suspect Xero doesn't understand the issue, otherwise it would give it immediate action. I want to emphasize it is not the future tax forms but the current year's that we need, and it is not getting ahead but being able to do what is currently required. I recently needed to prepare a final return for a Deceased Estate in the current year. When Xero couldn't handle it, I arranged a subscription for LodgeIT and completed the return.

The ATO allow the lodgment of future returns for FBT, Company tax returns, Trusts, SMSFs, partnerships.
Why does our accounting software not keep up with legislation?

Absolutely unacceptable that other types of returns are unavailable as future tax forms - my previous, cheaper, software had this feature, and I am more and more regretting changing to Xero Tax.

I have a company that I need to lodge a 2025 tax return for so we can commence a member's voluntary liquidation - many millions of $$ involved that may be held up because of this.

We have just changed over to Xero Tax. Would not have made the change had we known current year's returns can not be prepared on Xero. What is equally disturbing is the failure to introduce the capability when so many experienced users have been pressing for this capability since at least July 2022.

Future tax returns in this context actually means current year's returns. I would have thought trusts would be the highest and very urgent capability to introduce. This is required by every deceased estate. The estate can not be finalised until the return is completed and lodged, and that is almost always in the current year.

Absolutely necessary. We need to close a company down but can't until the final 2025 return is lodged. Takes a lot of extra time and cost to do outside of xero.

Completely agree with the above comment as I have exactly the same issue

Absolutely necessary. We need to close a company down but can't until the final 2025 return is lodged. Takes a lot of extra time and cost to do outside of xero.

Ability to have future tax forms generated for Company Tax Return is a must for public practice firms. Please do help wth this. Thanks

Very critical for different tax periods

To meet the company de-register, an early tax return needs to be completed and paid. Can't see a reason this one opens to individual but not company.

This is a critical feature that would be used by many firms.

VERY CRITICAL as some entity clients stop trading a few months into the new financial year but need to wait months before they can close everything down

2023 / 2024 - the year of any business closures due to the tough economic environment, yet here we are still not able to prepare the final tax return for deceased estates or companies which are necessary steps. The current processing time for the ATO to process manual lodgements is beyond a joke, much like the amount of time it's taken for this feature to still not be considered critical for the industry that has helped Xero flourish.

From time to time some clients want to prepare future tax returns for entities other than individuals in advance of the end of the financial year. This could be due to marriage breakdowns, business sales, deceased estates, fall outs between directors etc. Being able to prepare future tax returns for other entities would be very beneficial for tax practitioners.

Literally just spent over an hour filling out a paper form for a deceased estate (different one to my previous comment, lol), just so it can be wrapped up in a timely manner.

Hi team, I just found out that future tax returns for other entities are not available -- just for individuals.

I think it would be a great idea if early CTRs are available moving forwards since there is a company winding up that i am doing a return for.