Settings and activity
3 results found
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293 votes
Hiya 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
An error occurred while saving the comment 
Belinda Dodds
supported this idea
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An error occurred while saving the comment Belinda Dodds
commented
Future year tax returns being available for all entity types would assist in lodging returns for companies that are to be deregistered, deceased estates and partnerships that are finalised before the end of a financial year, etc. I saw an enquiry on the ATO community page about someone who had lodged a future year tax return for a company through their SBR-enabled software (which appears to be the only way the ATO will accept a future year return for a company). So it is possible. Xero please make this available in the next update. I can't understand why this has only been made available for individual ITRs. Catch up Xero.
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29 votes
An error occurred while saving the comment Belinda Dodds
commented
I agree with this. It is easy to miss ticking that yes option.
Belinda Dodds
supported this idea
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57 votes
Appreciate your input here, everyone. Our team has looked into this idea to better understand the needs and complexities involved, however they don't have any concrete plans for it just yet.
Rest assured that our eyes are on the ground monitoring your feedback and votes here, so please keep adding them in this thread. For the time being, I’ll move this idea into ‘Under review’ status. And if there's any movement, we'll make sure to come back here and let you all know.
Belinda Dodds
supported this idea
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An error occurred while saving the comment Belinda Dodds
commented
I too need to have this option available in Xero. I am surprised it is not already available. My client is a medium business that is required to lodge monthly BAS's including GST, PAYG-withholding and PAYG tax instalments.
I'm not sure how useful this product ideas page actually is. Do the developers actually read it? This particular issue was raised back in 2022 and there is still no action on this. There's also not much point sending emails to people that have previously commented on a product idea to let them know someone else supports the idea. This is preaching to the converted. Hopefully the developers actually get notified every time another person comments on an idea. Otherwise, what is the point?