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  1. The current 'To Sign' list is a combination of tax returns that might be out for signature with the client, or ready for the tax agent to sign. At the moment there is no way for our tax agents to tell which tax returns are ready for them to sign.

    34 votes

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     ·  12 comments  ·  Xero Tax  ·  Admin →
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  2. This is not a simple feature request. This is a blatant fault with how Xero Tax handles asset figures.

    In this particular case we have two accounts in the book-keeping records for CIS tax, because we wish to track CIS deducted by contracted on sales and CIS deducted from subcontractors separately. Transfers are made between the accounts as appropriate when liabilities are reported for payment to HMRC.

    At the year end, we want to show this as a single balance. As the net result was an asset at the year end, we tagged both to an appropriate asset type. Instead…

    29 votes

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    6 comments  ·  Xero Tax  ·  Admin →
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  3. Currently, only some distribution amounts flow automatically from a Trust tax return to the Individual and Company beneficiary returns, and others have to be manually entered. There is also no clear area to enter these items into the individual and company returns.
    This leaves room for error and causes efficiency and quality issues.
    Our previous system handled this very well. It had a specific schedule for this type of distribution income.

    All distributed amounts, including capital gains and foreign income should be auto transferred to the correct labels into the beneficiary tax returns.

    20 votes

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     ·  0 comments  ·  Xero Tax  ·  Admin →
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  4. Losses carried forward have to be manually entered into XPM tax each year. It would be great if the information flowed through automatically from the tax return so that all we have to do is confirm it matches the IRD assessment. At a minimum it would be great if the losses to carry forward figure from 2023 automatically rolled forward to 2024 once it has been confirmed.

    35 votes

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    2 comments  ·  Xero Tax  ·  Admin →
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  5. We have some clients that have multiple businesses under their personal names. Can we please have individual worksheets for each business to input income and expenses which then automatically totals into the business schedule in the main form?

    At the moment in XERO tax, we need to put the grand totals into the business schedule, then split the amounts across the businesses for each expense/income line item. This is not practical as we generally receive separate figures for each business, not a grand total.

    27 votes

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     ·  4 comments  ·  Xero Tax  ·  Admin →
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  6. As a UK accountancy practice based in in Northern Ireland, it would be great if our Regulatory Body, Chartered Accountants Ireland was available for us to choose as an out of the box Accountants Report. This would then allow us to use this for Company Accounts and then to use the 'default report' option for Sole Traders, who require a different type of Accountants Report.

    10 votes

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     ·  1 comment  ·  Xero Tax  ·  Admin →
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  7. Add an additional dot point to the Individual Return tax calc disclaimer:
    . This assessment does not include Division 293 tax that might apply to taxpayers where adjusted income exceeds the Division 293 threshold. Where applicable, Division 293 tax is charged at 15% of certain superannuation contributions.

    47 votes

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    4 comments  ·  Xero Tax  ·  Admin →
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    Thanks for engaging on this, everyone. Our Xero Tax team are currently looking into how they might present a warning for Div 293 and excess super contribution o the estimate. We'll let you know once this is confirmed and update on any progress, here.

  8. It would be useful if in the Tax Statements reporting data set, we could also see GST statement data (currently only Income Tax and SLS show) so that we can check for unpaid GST balances.

    10 votes

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     ·  3 comments  ·  Xero Tax  ·  Admin →
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  9. Capital gains tax worksheet - where an capital assets is owned by more than one person say husband and wife 50:50. If the worksheet has been prepared for one taxpayer, have an option to have this copied/ transferred to the other taxpayer similar to rent schedule.

    For property generally there could be just one item but for shares there may be huge number of CGT events.

    159 votes

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     ·  17 comments  ·  Xero Tax  ·  Admin →
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  10. 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.

    128 votes

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     ·  39 comments  ·  Xero Tax  ·  Admin →
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  11. We have noticed an error, where, when managed fund distributions are prefilled from the ATO, a zero is put in the Item 24 - Other Income

    This causes an error for each managed fund prefill that needs to be manually fixed by going in and deleting that entry in the schedule.

    I just recently had a client with 15+ managed fund imports (owned jointly with his wife, so same issue on her side) which meant I had to waste quite a bit of time going into each schedule, only to delete the zero at the bottom.

    If you could arrange…

    12 votes

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  12. Ability to have Xero Tax for businesses, not only for Partners

    99 votes

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    55 comments  ·  Xero Tax  ·  Admin →
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    Hi everyone, though appreciative of the idea. This is a function available through the Xero Tax Product with a Xero advisor, and we don’t have plans for developing this capability from within a Xero organisation.

    You can find an advisor to suit your full business needs through Advisor Connect.

  13. We need a Trust Estimate to be included in Trust tax returns for ALL types of trusts. Xero recently added a trust estimate but it is for Deceased Estates Less Than 3 years only. This is not useful. This type of trust is a very small percentage of the trusts that our firm has.
    We need the estimate to be able to calculate -
    - Deceased Estates More Than 3 Years
    - Discretionary Trusts where there are Foreign Beneficiaries
    - Discretionary Trusts where there Minor Beneficiaries
    - Discretionary Trusts where there is no beneficiary presently entitled

    6 votes

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     ·  1 comment  ·  Xero Tax  ·  Admin →
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  14. Would we be able to have a tab in Xero Tax between 'To Sign' and 'To File' - called 'Returned' - so that any ITR or AS that has been e-signed is moved across into that tab?

    14 votes

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     ·  2 comments  ·  Xero Tax  ·  Admin →
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  15. In Xero Tax when we save the completed tax return for the client as PDF for email, is there an option to hide other sensitive information in addition to the TFN, such as date of birth, address and bank details.

    20 votes

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  16. In Xero Tax, you should be able to change the name format for all directors even if they've been appointed after the Accounts Year End. Currently if you've changed the name format for directors previously from 'SURNAME, Name' to 'Name Surname' when a new director is appointed post year end, they are brought into the company information page with 'SURNAME Name' format and there is no ability to change the format to 'Name Surname' to match the others so you then need to change the other directors to 'SURNAME Name' format to match. The ability to change format is a…

    13 votes

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     ·  1 comment  ·  Xero Tax  ·  Admin →
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  17. Farmers averaging schedule on personal tax. This is an averaging adjustment over 5 trading years and is essential for our farming clients.

    36 votes

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    8 comments  ·  Xero Tax  ·  Admin →
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    Hi everyone, as Charlotte has mentioned below, this is not a feature we are currently planning to introduce due to other commitments. However, we will continue to monitor this ticket.

    In the meantime, as a workaround, the adjustment can be manually entered in both the self employment and partnership schedule.

  18. The R & D Schedule does not automatically pull through the following items in the tax return:

    R & D recoupment amount (Part B -7) - This amount is required to be manually entered on the income tax calculation statement at label M, R & D recoupment tax.

    Total clawback - additional assessable income (Part B - 9) - This amount is required to be manually entered in the reconciliation spreadsheet, Other assessable income, label B

    2 votes

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     ·  1 comment  ·  Xero Tax  ·  Admin →
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  19. Hello,

    I would like for Xero to automatically calculate the VAT returns accurately when switching from a VAT scheme to another. Currently, we need to manually adjust the returns to avoid any duplications caused by the transition. There is room for a lot of human error when doing this and I believe this feature is extremely important.

    4 votes

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    0 comments  ·  Xero Tax  ·  Admin →
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  20. The dividends are not sorted alphabetically in the return, although they are sorted in the prefill. Can we have the ability to sort fields included in the individual tax return worksheets, such as Item 11 Dividends, Item D5 Other work Expenses, and other similar fields.
    This will make it easier to check and compare, and it looks much more professional.

    6 votes

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     ·  0 comments  ·  Xero Tax  ·  Admin →
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