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  1. Xero tax (UK) | Sole Trader Accounts - Ability to generate a report without a balance sheet

    78 votes

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    10 comments  ·  Practice tools  ·  Admin →
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    Accepted  ·  AdminKelly Munro (Community Manager, Xero) responded

    Hi community, thanks for continuing to share interest in this idea with us here.

    As many will be aware we've developed a new Accounts production tool for Xero Tax available to all Xero Partners.

    Currently within Personal Tax there remains the ability to directly import a Profit & Loss into the self-employment worksheet. However, with an outlook of further developing our new Accounts production tool, Sole trader accounts will be something we eventually work into this.

    Right now, there are a few other things in the pipeline before we get to this, but I'll be sure to keep you updated here of development for Sole trader accounts.

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    Dan Horoba commented  · 

    There should be two types of reports for sole trade accounts, one with a balance sheet and one without.

    Dan Horoba supported this idea  · 

  2. Personal Tax (UK) | Add ability to track capital allowances

    26 votes

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    9 comments  ·  Practice tools  ·  Admin →
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    In development  ·  AdminKelly Munro (Community Manager, Xero) responded

    Hi team, thanks for our ongoing engagement. I can confirm we've started working on this. We're building the product so that it will be usable with personal tax, partnership tax and MTD IT in the future. We'll keep you update on the progress for this, here.

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    Dan Horoba commented  · 

    Tracking capital allowances is a fundamental feature of any tax software so hope to see this implemented soon.

    Dan Horoba supported this idea  ·