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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
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Michael Sinclair
commented
We have just changed over to Xero Tax. Would not have made the change had we known current year's returns can not be prepared on Xero. What is equally disturbing is the failure to introduce the capability when so many experienced users have been pressing for this capability since at least July 2022.
An error occurred while saving the comment Michael Sinclair
commented
Future tax returns in this context actually means current year's returns. I would have thought trusts would be the highest and very urgent capability to introduce. This is required by every deceased estate. The estate can not be finalised until the return is completed and lodged, and that is almost always in the current year.
Michael Sinclair
supported this idea
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That's not an update but a reiteration of the previous unfortunate position by Xero. I suspect Xero doesn't understand the issue, otherwise it would give it immediate action. I want to emphasize it is not the future tax forms but the current year's that we need, and it is not getting ahead but being able to do what is currently required. I recently needed to prepare a final return for a Deceased Estate in the current year. When Xero couldn't handle it, I arranged a subscription for LodgeIT and completed the return.