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    Hi everyone, we've got a bit of an update we'd like to share with you all here.

    Some of you may have already seen, following the closure of CATO, we’re launching a new simple accounts production & tax solution for small businesses. This'll be available as a paid annual add-on from August 2026.

    With this solution you’ll be able to file your micro company accounts and corporation tax returns directly to HMRC from inside Xero, using data from your organisation in one simple flow.

    The feature doesn’t replace the more powerful, flexible tools you use with your accountant or bookkeeper. If your advisor files on your behalf, nothing changes.

    This solution is for small business owners handling their own corporation tax, this means less time wrestling with separate tools and a simpler, more streamlined way to stay compliant.

    If your tax needs get more complicated or you need more support,…

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    Bryan McKinley commented  · 

    This should also apply to small partnerships and sole traders to enable them to run financial statements and submit tax returns - not just CT600s - I feel like this is a very unfair approach especially when small businesses sometimes have their own in house accountants as well

    Bryan McKinley supported this idea  ·