Skip to content
← For accountants & bookkeepers

Enter your idea

For accountants & bookkeepers: Xero Tax

Categories

(thinking…)

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.

293 votes

We're glad you're here

Please sign in to leave feedback
Signed in as (Sign out)
Close
Close

We’ll send you updates on this idea

Yayati Sudame shared this idea  ·   ·  Report…  ·  Admin →
How important is this to you?

We're glad you're here

Please sign in to leave feedback
Signed in as (Sign out)
Close
Close
under review  ·  AdminKelly Munro (Community Manager, Xero) responded  · 

Hiya team, we understand the importance of being able to get ahead and create future tax forms in Xero. While work for this isn't underway just yet, we have plans to develop Company Tax Returns(CTR) for the future over the next 12 months. We know there are some in the idea here very much interested in Trust Tax Returns(TRT), however these will be further out, after CTR's.

We'll keep you updated on any progress of this in the idea here. Thanks

Show previous admin responses (1)

We're glad you're here

Please sign in to leave feedback
Signed in as (Sign out)
Close
Close
Submitting...
An error occurred while saving the comment
  • 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

  • Jennifer Wain commented  ·   ·  Report

    we need this for our NZ registered companies who need to lodge 31 March returns in Australia.

  • Ronilo Tumakay commented  ·   ·  Report

    Please add this. Big help especially for winding up business early in a financial year.

  • Trent Simonovic commented  ·   ·  Report

    It's an obvious feature that really should already be in place. The ATO support it through SBR, and it uses the current year forms so really there shouldn't be much work needed from Xero's end to put this in place. It seems crazy that we still need to prepare and lodge paper returns because Xero doesn't support it.

  • Ruzica Sajler commented  ·   ·  Report

    This would make winding up entities so much easier. Especially SMSF's.

1 3