26 results found
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AU Tax | Company Tax Return - Partnership & Trust Distribution Worksheet
It would be good to have a version of the "Partnership and trust" worksheet from the individual tax return in the CTR as well. This would make it significantly easier to enter the correct amounts at 6D and 6E.
Having the appropriate amounts entered in the worksheet flow through to the capital gains schedule and the franking credits section of the calculation statement would also be advantageous as it would remove a lot of manual work associated with these items.
39 votesHey team, we've recently introduced the Trust Income Schedule in Xero Tax(AU). With the Trust Income Schedule if a trust or beneficiary relationship has been set up in the client’s screen, these distributions save automatically from the trust return into the receiving return’s Trust Income Schedule - You can find out more on these changes on Xero Central.
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UK Tax | CT600 - R&D tax repayments
R&D tax repayments
Currently with Xero Tax you can only request a credit towards the tax liability and not a cash repayment. Can Xero please amend this so that those that are amending CT submissions to claim R&D, can request to have the cash repayment rather than the reduction. it needs to be populated in CT600 box 865 (currently ).6 votesThanks for your contribution to this idea everyone, and apologies we've not updated you here sooner.
Although we don't support the CT600 box 865 we do support boxes 875, 880 and 885 which are automatically populated with the payable R&D, RDEC or Creative tax credit as applicable when the R&D schedule has been completed and the company is able to claim the repayment.
We added a lot of functionality to Xero Tax last year(2024) around R&D to stay on top of legislative changes, such as those in June 2024 to bring in Enhanced R&D Intensive Support (ERIS) and support the merged RDEC scheme.
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NZ Tax - Show Checksum# on front screen of returns
It would be great if the checksum # showed on the front screen of tax returns. When signed returns come back from clients out tax administrator must check this number matches before marking as signed. Currently they need to print and view to check. It would be so much quicker if this number showed on the front screen of the tax return somewhere.
3 votesHi all, thank you for your engagement with this idea. As part of our latest update, you will now see that the version number is displayed on the front of the tax return.
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AU Tax | SMSF Returns - Import from BGL/Class
Allow SMSF returns to include an option for import from BGL/Class and to generate a PAYG estimate worksheet
2 votesHi Anthea, I know it's been some time since you originally raised this idea and wanted to confirm that in the current product it is possible to import BGL and Class with Xero Tax. We have more information about this on Xero Central.
I appreciate you also raised a point around PAYG estimate worksheet - If this is important to you we'd recommend creating a new idea for this so we can track the interest from the community for this specifically. 🙂Thanks!
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Xero Tax (UK) | Roll forward average number of employees
When entering the average number of employees in the notes, it would be great if Xero could bring forward the amount entered in the previous year to save time checking what it was!
16 votesHi everyone, thanks for voting on the idea here. We've made an update in Xero Tax in the UK that now accommodates your needs here. Employee amounts will now roll forward when you add the average number of employees to the notes.
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AU Tax - Tax Return states/status for HOLD
In the tax return tab we have the ability to have HOLD as a state/status so that they don't sit in complete or file.
8 votesHi team, coming back across this idea here we have the option of being able to suspend a return. See more detail on how you can do this in our Xero central article. 🙂
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