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AU Tax - Ability to create future tax forms for other entity types.

Ability to have future tax forms generated for multiple entity types and not just individuals. This will enable practitioners to prepare tax returns for entities that have substituted accounting periods much before the due dates without having to request extensions from the tax office also will give us the ability to work out the timing differences on tax profit more accurately rather than relying on spreadsheets etc.

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Yayati Sudame shared this idea  ·   ·  Report…  ·  Admin →
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  • Peter Cox commented  ·   ·  Report

    Deceased estates requires earlier trust returns. It gives us more expediency in finalising a deceased estate.

  • Vito Cannizzaro commented  ·   ·  Report

    It will allow us to finalise the Companies and Trust immediately instead of having to wait until the new financial year to lodge the FINAL Tax return.

  • Jamieson Chan commented  ·   ·  Report

    This will allow us to shut down companies and trust immediately, instead of having to wait until the end financial year to lodge the final tax return and shut down the company/trust.

  • Chantelle Rossiter commented  ·   ·  Report

    Completing an "early lodging" tax return is a common occurrence for multiple entity types - winding up entities, deceased estates - so this feature should be made available urgently.

  • Karen Walmsley commented  ·   ·  Report

    The ability to settle a deceased estate before the end of a financial year is critical.

  • Ojdana Skovrlj commented  ·   ·  Report

    This would be very handy Xero please enable this feature for other entity types.

  • Marcia Harris commented  ·   ·  Report

    I would like to be able to do future returns for entitles other than individuals as well.

  • Marcia Harris commented  ·   ·  Report

    I would to be able to do a future returns for entities other than individuals as well.

  • Suzanne Murray commented  ·   ·  Report

    Yes I would like this feature specifically for trust and also good for company wind ups.

  • Emily Kumar commented  ·   ·  Report

    Please look into this Xero, would be very helpful

  • David Coutts commented  ·   ·  Report

    Cannot like this suggestion enough, particularly for companies being wound up and those with substituted accounting periods.

  • Sussann McKinney commented  ·   ·  Report

    I'd love this!! I've lodged three 2024 ITR already!! Love being able to wind up an estate & do the whole job. Charge the executor & shut the file!! Come on XERO - don't make me keep having to go to another provider PLEASE

  • Vicki Wattus commented  ·   ·  Report

    This would be a nice feature, although we would only use it a few times a year.

  • Aaron Davis commented  ·   ·  Report

    I support this idea. When a non-individual entity has been liquidated and wound up, we want to prepare the tax return as soon as possible rather than await the software update and the end of the financial year.

  • Fay Grant commented  ·   ·  Report

    I agree, we have an urgency to prepare a 2023 return and anxiously waiting for it to be available.

  • Stacey Quinn commented  ·   ·  Report

    Yes please - would be very helpful to assist with winding up companies

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