AU Tax - Manually Adjust Tax Estimates
Ability to put in manual tax estimate adjustments, such as prior liabilities on tax accounts so clients can see total owed. It can show estimate for return, then show the adjustments.
Also ability to adjust for amended returns to show the actual amount refunded or owing after amendment calculations.
Nick Cassimaty
shared this idea
-
Nick Cassimaty
commented
MYOB allows you put through these adjustments, so clients have an easy to view of what their liability is.
-
Craig Byron
commented
This is critical, I waste hours of time explaining why the estimate is wrong in Xero. Excess contributions, div 293, TFN WH opn interest for non-residents. Clients demand an acurate estimate and Xero really should understand this better.
-
Tony Chan
commented
Also, when the client submits their future tax returns, we can adjust the tax rate applicable to the income year, based on the rates already published by the ATO.
-
Natthaporn Sabhananda
commented
My clients overpaid for BAS in previous quarter, results in CR amount on ATO portal.
It could be great if I can add this CR amount when preparing next BAS in Xero so they can offset payable/refundable amounts.