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316 results found

  1. Include a table showing the share capital issued.

    6 votes

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     ·  1 comment  ·  Xero Tax  ·  Admin →
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  2. It's great that there is now the option to finalise and create a bill on a BAS...however that is not the default choice for Tax & BAS Agents so it would be nice if the big button was to FINALISE the BAS and the small button with the option to create the bill. Leave it as default in the linked to ATO BAS (lodge and create bill) but for BAS that aren't being lodged in Xero directly it's not helpful.

    7 votes

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     ·  0 comments  ·  Xero Tax  ·  Admin →
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  3. There is a difference in functionality between D5 and D8 in the AU individual tax return form. When deductions are entered in D5, the default deductible percentage is 100%, and whatever percentage is entered here (eg 40% phone) is rolled over when the tax return rolls over to the next year.

    In D8, the default deductible percentage is 0% (inconsistent with D5, easy to miss when quickly completing a tax return, requires you to manually type '100%' every line item - why would you enter a 0% deduction?) and the manually entered percentage does not roll over to the next…

    1 vote

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     ·  0 comments  ·  Xero Tax  ·  Admin →
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  4. jobs -- can u make all row more compact - can u make columns more compact or allow user to narrow or widen column size - can u also allow job number column select Yes/No at column selection option - can u allow job report to export to excel/pdf - there are many external application having much better jobs management features - can u take some info from there ???

    2 votes

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     ·  0 comments  ·  Xero Tax  ·  Admin →
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  5. 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.

    103 votes

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    9 comments  ·  Xero Tax  ·  Admin →
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  6. ATO prefilling summary to include column displaying relevant Tax Return Label next to prefill information

    Example (Individual Tax Return - Bank Interest)
    Gross Interest $x,*** Label 10L

    Example (Managed Funds Distributions)
    Non primary production income amount $x,*** Label 13U

    Currently the ATO prefilling summary does not show the Tax Return Label which information will be prefilled into. Inclusion of Labels will make reconciliation between prefilling and Tax Return easier.

    3 votes

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     ·  0 comments  ·  Xero Tax  ·  Admin →
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  7. 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.

    10 votes

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     ·  1 comment  ·  Xero Tax  ·  Admin →
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  8. It would be good if Xero Tax calculated the estimated PAYG instalment payable in SMSF Tax Returns as we use this to inform our clients of what amounts they are up for in the new financial year, a very important piece of information for them to consider re timing and amount of cashflow outgoings. Xero Tax does it for individuals so not sure how difficult it would be to make it apply for all entities subject to the PAYG Instalment system.

    17 votes

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     ·  5 comments  ·  Xero Tax  ·  Admin →
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  9. 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.

    77 votes

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     ·  7 comments  ·  Xero Tax  ·  Admin →
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  10. 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…

    60 votes

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     ·  5 comments  ·  Xero Tax  ·  Admin →
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  11. Every year we have to manually create tax returns for each client - would be great if the client is listed as an existing client on both XPM and ATO that XPM can bulk create the tax returns for that relevant year run. This would cut down a lot of admin time.

    9 votes

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     ·  0 comments  ·  Xero Tax  ·  Admin →
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  12. I would like a tax screen similar to the jobs, where I can see clients tax return status, taxes owing and overdue returns. It would be useful to have the option to update a client's return to show as not required or Auto Assess.

    28 votes

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     ·  1 comment  ·  Xero Tax  ·  Admin →
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  13. I'd love a calculator tool in Xero Tax preferably one that is activated using hotkeys.

    50 votes

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    7 comments  ·  Xero Tax  ·  Admin →
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  14. I conduct many Zoom meetings and review an existing Word interview checklist and ATO Authorization with my clients. To automate the process, I would like to add my current checklist and ATO authorization with Xero tax fields as a template. When the interview is completed, the checklist and ATO authorization must be sent to the client for signature.

    3 votes

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     ·  0 comments  ·  Xero Tax  ·  Admin →
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  15. It would be great to be able to preview returns on screen rather than having to export to PDF.

    7 votes

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    2 comments  ·  Xero Tax  ·  Admin →
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  16. 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.

    7 votes

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     ·  0 comments  ·  Xero Tax  ·  Admin →
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  17. Currently this is required to be added as a worksheet. We would like to have this as a standard part of the return (like individuals)

    19 votes

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     ·  3 comments  ·  Xero Tax  ·  Admin →
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  18. 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.

    13 votes

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     ·  3 comments  ·  Xero Tax  ·  Admin →
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  19. As 'Blue Xero' supports a 'Not for Profit' organisation, it disappointing that an accompanying
    CT600 cannot be produced in Xero Tax for a charity.

    16 votes

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     ·  8 comments  ·  Xero Tax  ·  Admin →
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  20. 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.

    4 votes

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     ·  0 comments  ·  Xero Tax  ·  Admin →
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