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Reports & tax

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Reports & tax

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8 results found

  1. Add Capital Works Worksheet to SMSF Tax – Deductions

    Problem
    In the SMSF tax return, the Capital Works (Division 43) deduction does not include a worksheet. While users can manually enter a total amount, there is no built‑in worksheet to calculate or track the capital works deduction.
    This creates a gap in functionality, as accountants must maintain a separate external worksheet to calculate capital works depreciation and then manually transfer the result into Xero.
    Why this matters
    Capital works deductions are very common and material for SMSFs that hold property. Without an integrated worksheet:

    Calculations are more time‑consuming
    There is…

    7 votes

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    2 comments  ·  Tax filing  ·  Admin →
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    Hi 👋 your idea is being looked into by our Community team. We'll be in touch soon to update you once your idea has been reviewed.

    Did you know you can join our Xero Research panel to be involved in early testing and research? Find out more and sign up through our website 🙂

  2. On HMRC ASA there is a list of clients signed up for MTD for IT with references starting 'X*IT'. These references should be available to Xero so it would be good for that reference to show in Xero within the MTD tab

    3 votes

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    0 comments  ·  Tax filing  ·  Admin →
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  3. New Zealand Inland Revenue Department requires reciepts to be signed by an authorised person. . This does not appear to be possible possible with Xero at present by inserting an electronic or jpeg signature. With a significant number of receipts our charity issues this can only be done manually and a scanned copy sent.

    2 votes

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    0 comments  ·  Tax filing  ·  Admin →
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    Hi 👋 your idea is being looked into by our Community team. We'll be in touch soon to update you once your idea has been reviewed.

    Did you know you can join our Xero Research panel to be involved in early testing and research? Find out more and sign up through our website 🙂

  4. Hi Xero Team,

    I would like to suggest a feature enhancement that would greatly benefit users in the Philippines.

    Currently, when generating reports (such as Transaction Reports, General Ledger, or Contact-based reports), there is no option to display the Tax Identification Number (TIN) and registered address of contacts as columns.

    Including TIN and address fields in report columns would significantly improve efficiency and accuracy in preparing BIR compliance reports such as:

    • SLSP (Summary List of Sales and Purchases)
    • QAP ( Quarterly Alphalist of Payees)
    • SAWT (Summary Alphalist of Withholding Taxes)

    At present, users need to manually extract or cross-reference this…

    2 votes

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    0 comments  ·  Tax filing  ·  Admin →
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  5. There is caital gain in the trust distributed to the company, but it seems not included in company tax return. The company and trust is connect in XERO, all the income is in but not the capital gain, it is in 'Trust income schedule', but not included in company taxable income.

    1 vote

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    0 comments  ·  Tax filing  ·  Admin →
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  6. After filing a tax return why not automatically add it to the bills to pay section of the dashboard as you already have all of the information??

    1 vote

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    0 comments  ·  Tax filing  ·  Admin →
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  7. The Tax summary table in the tax return needs to show the 7th May provisional still owing as seperate to the remainder being due for terminal 7th April. Currently itt is grouped all in terminal meaning it is incorrect as doesnt show clients they need to pay an amount a year earlier

    1 vote

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  8. We have been using the New Financial Accounts FRS102 IA template in Xero Business. Here are our feedback notes. In case anyone else is having the same issues.
    We had a resignation of a Company secretary and in the period. It does not show resignation date. Also the formatting of the directors name is interesting to say the least. Not a normal format. Last name first.

    I'll note that the program is significantly easier to use than the current company accounts and tax module. But still needs work around processes.

    1 vote

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    0 comments  ·  Tax filing  ·  Admin →
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