This will be the last tax release for the year and we’re really pleased to tick off another item from Australian Tax Roadmap. This release means we’ve delivered 4 key forms this year; Individual, Company, Trust and now Partnership returns.
Partnership Tax Return
Partnership tax returns 2014 can now be completed and filed from tax in Xero Practice Manager.
As with the individual and trust tax returns that are available now, sharing is taken care of for you when you’ve setup the partner relationships in the client, helping you to save time and eliminate re-keying shared data.
Find out more in our Practice Studio Help Centre
How can you get Australian Tax?
As with other tax releases, you’ll need Xero Practice Manager to take advantage of these new features. Practice Manager and tax comes with Practice Studio which is available for a monthly fee, or if you’re a Xero Silver Partner (or above), for free.
There’s plenty to look forward to next year and the team are working on some customer reporting field updates, summary printing options for the individual tax return, as well as interposed entity election and family trust election for the company, partnership and trust returns. Stay tuned for information on releases as we continue to ship all the forms and features needed for you to assess our tax product and transition across for tax time 2015.