349 results found
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NZ Tax - Reports Codes to Populate Trust Account Disclosures in Tax Return
Can we use the Reports Codes from Xero to populate Trust Accounts Disclosures in Tax Return. Just the same way as is done for the IR10.
6 votes -
Capital Works Depreciation Schedules
We need more flexibility in depreciation schedules to add Second Hand Capital Works Assets for rental properties.
When you buy a second hand rental property, the capital allowances available under Div 43 needs to be calculated on the original cost, however, the total amount remaining to be claimed will be less than this original amount. Fixed Assets in Xero does not currently allow for this. We need to calculate the depreciation on a straight line basis based on the original cost, not what we paid for it and we need to be able to include an opening written down value,…3 votes -
NZ Tax - Preview tax return
It would be great to be able to preview returns on screen rather than having to export to PDF.
3 votesThanks for the confirmation, Heather. No changes planned around this right now but we'll get an understanding of the appetite for this here.
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Xero Tax (UK) | CT600E For Charities
As 'Blue Xero' supports a 'Not for Profit' organisation, it disappointing that an accompanying
CT600 cannot be produced in Xero Tax for a charity.10 votes -
Allow Cashbook Client users to access 1099 report
Allow users with "Cashbook Client" level permissions to access the 1099 Report
4 votes -
Xero Tax (UK) | Auto journal corp tax and lock the accounts after filing
Auto journaling corp tax and locking the accounts after the accoounts have been filed through Xero
4 votes -
Cover Letter Template to include Spousal Tax Information
The Cover Letter shows the Taxable income and refundable/payable amount, can it also then include spousal tax return information so we can send one cover letter for two tax returns.
2 votes -
ir7 ability to have a group schedule for allocating income and tax credits to partners
Make a schedule for allocating partner income and tax credits allocations with a total giving the ability to allocate income on the one page. Currently you have to go into each partner schedule. There is not always an even split of income and with many partner entities it is very time consuming.
2 votes -
AU Tax - Ability to change Capital Gain Tax discount percentage
When completing a tax return for foreign residents we needed to adjust the discount rate for the property that they had sold. Xero had no way for us to change the discount percentage so we said that we used the other method to not include discount and then added the discount we should be able to claim to the costs in the Capital Gain Worksheet. As per Xero Support this was the only solution. Can you please incorporate a way for us to change the discount rate of a CGT event?
5 votes -
AU Tax - Trust PAYG Instalments
Brand new 2024 Tax release and there is STILL nowhere to enter PAYG Instalments paid by a Trust.
The Trust income tax estimate is therefore incorrect, and I need to manually create it in excel.
EDIT: And the option to print an estimate (as part of the exported tax return) has disappeared... Couldn't even copy it from 2023 to 2024...
2 votes -
AU Tax - Trust Income Schedule
I'm completing my first Trust ITR for 2024, and inputting info into the new Trust Income Schedule.
The Non-PP income flows through to Item 8, but the Capital Gain isn't flowing through to Item 21...
WHY do you insist on SO MUCH double entry??!?
It's not even throwing an error, like the 'Managed Fund' schedule does in an Individual ITR??
2 votes -
AU Tax - Bulk Update Staff Access Feature in Xero Tax
The ability to bulk update staff access to client tax returns in xero tax. Currently, the only way to change staff access to certain clients in the xero tax feature is to go into each client file and change it individually. A bulk update function would be more efficient and less time consuming.
8 votes -
Adding Correspondence To Tax Return
It would be great and more efficient if we could add correspondence to the tax returns, rather than have to send separately via myIR.
3 votes -
Xero Tax | Payment Letters - Save comment without needing to approve
We would like to be able to comment on the tax payment and save the comment, rather than making the comment and having to approve and then unapprove the letter to get it back to waiting for approval. This would also be good for tax notices that we ignore, as we can put a note as to why we are ignoring them.
3 votes -
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.
238 votesHiya 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
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Xero Personal Tax (UK) amount due column
We have been trying to match up a self assessment refund we have received for a client but can't find the matching amount.
Would be possible to say add an extra line onto the dashboard which shows that year's tax return amount to be paid or refunded.
3 votes -
Xero Tax - Accounting for Stock movement
Accounting for Opening and Closing Stock.
In the Trust tax return and probably others, at Item 5 in the business section there is a plus icon you can press to open for 'livestock and produce trading'. In there you can record opening and closing stock, purchases and sales. Currently this is only feeding into the primary production section of the return. I would love to see an option to allow the same information for non primary production businesses. So that the stock can be clearly recorded for a retail business, or a share trading business for some examples. I recently…3 votes -
UK Tax - MTD self assessment
MTD for ITSA is expected to be in force for the self-employed with a gross income over £50,000 from April 2026. Will your starter or standard packages have this feature available to enable us to submit the self assessment return?
2 votes -
Xero Tax - Add a simple tax calculator
Tax calculator - Handi has a button you can press for a tax calculator, just enter the income and it shows the Tax, Medicare & offsets (low income & former low & middle income). Awesome feature that allows you to show a client quickly why their refunds are low. Also allows a quick cross check.
10 votes -
Medicare levy- wording
Change wording of Medicare Levy has it is a double negative. Change the wording to something like: how many days were you not covered by private health?
2 votes
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