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For accountants & bookkeepers: Xero Tax

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AU Tax: Notification of formation of consolidated group (CGNFT) form

I have moved to Xero Tax from Reckon Elite, but just realised that Xero Tax does not have a Notification of formation of consolidated group schedule.

As a tax agent, it is crucial to have this schedule to update client's consolidation status, including updating joining/leaving subsidiaries.

It would be great if this can be added as quickly as possible.

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Chris Han shared this idea  ·   ·  Report…  ·  Admin →
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  • Jade Thorne commented  ·   ·  Report

    I agree, Xero should have the CGNFT available to lodge through its tax software. Timing is so important with tax lodgment, so electronic lodgement make this more efficient and smoother.