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  1. Report Templates - Trust tax rate 39% 2025 and 33% in comparatives in annual accounts tax note

    71 votes

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

    Hi team, pleased to share an update with you all - we're working on an update to the NZ Trust Annual Accounts report templates so the Income Tax Expense schedule correctly calculates trustee income tax using a tiered rate (0%, 33%, 39%) instead of a flat 33% rate.

    I will keep you updated of it's delivery here.

    Catherine Matson supported this idea  · 

  2. Fixed Asset - Report Customisation

    20 votes

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    0 comments  ·  Reports & tax » Reporting  ·  Admin →
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    Catherine Matson supported this idea  · 

  3. Fixed Assets - Dispose multiple assets at once

    450 votes

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    109 comments  ·  Reports & tax » Fixed Assets  ·  Admin →
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    Not in pipeline  ·  AdminKelly Munro (Community Manager, Xero) responded

    Hey everyone, thanks for all your valuable feedback and support on this idea here.

    It's nice to see tips being shared throughout this thread to help others managing multiple assets. The suggestion to group similar items (like office chairs or laptops) into a single asset with a quantity can be an efficient way to handle things. When you need to dispose of some, you can then perform a partial disposal by updating the quantity, which helps save a few steps.

    Wanting to share an update for you all, although I appreciate it will not be the news hoped for - Developing the capability to bulk dispose assets isn't on our current roadmap. We will keep an active eye on the support this continue to build here and be sure to let you know if anything changes here.

    Catherine Matson supported this idea  · 
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    Catherine Matson commented  · 

    Urgently required. This will save accountants alot of time.