Company Tax Return in Practice Manager

Xero Practice Manager - Company Tax ReturnWe’re almost there!

As we get closer to our next Tax release we thought it was time to go into the new features in more detail and give you guys a little sneak peek so you know what to expect.

Our next instalment welcomes our first version of Company Tax Returns which gives you the ability to create Company Tax Returns for 2013 and 2014 and lodge them to the Australian Tax Office.

The attractive new interface, designed in heavy collaboration with our partners, results in a clean and easy to use experience. You’ll also have the benefit of real time auditing, which means your Company Tax Return will be checked for errors before you attempt to file, saving you time and the hassle of rework.

Worksheets and Schedules you’ll see with this release include:

  • Non Individual Payment Summary schedule
  • Capital Gains worksheet and schedule
  • Losses schedule
  • Dividends and Interest schedule
  • Franking account balance worksheet
  • Capital Allowances (UCA, LVP, SBE) worksheet

As mentioned in our previous blog, you’ll be able to access our Tax features through the new Practice Manager as they’re rolled out iteratively over the coming months.

Don’t have Practice Manager yet? Simply contact one of our Certified Practice Studio Partners or find out more here.

With much more to come in the tax space, the Melbourne team is busy working on Individual Tax Return for 2014, plus more enhancements, schedules and worksheets for Company Tax Return 14 –  including Interposed Entity Election and R&D Schedule.

Stay tuned for the release announcement for new Practice Manager including Company Tax Return 2013 and 14, coming soon.

 

5 Comments

Scott Kay
June 6, 2014 at 1:21 pm

Looking very good!

Accounteam
June 6, 2014 at 12:28 pm

When this will launch in UK. We desperately need all solutions under one umbrella.
We all looking forward to see company and personal tax return feature in uk.

Cashflow+Networks
June 6, 2014 at 3:48 pm

Woo Hoo. Finally. Love Xero.

Peter Sobczuk
June 6, 2014 at 10:33 pm

Attended the webinar. It looks very user friendly.

Rayner Wallen
July 7, 2014 at 2:27 pm

I am a xero partner here in New Zealand and happy with the product. I am concerned that both Rod Drury and Veronica Crone have stated that they intend to enable clients to file their own tax returns. I am concerned that after using accountants and bookkeepers to promote the product that you intend to take the business away once we have got it for you. I beleive this is what Intuit has done in the states and xero is using this as a reason for CPA’s their to switch but now xero seems to be planning to do this here.

What is your comment on this please?.

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Xero Tax now available

At the February roadshow I announced Xero Tax. It’s a standalone configuration of our Australian tax lodgement solution. It’s perfect for anyone who isn’t yet ready to implement our full Practice Management solution. Bookkeepers, sole practitioners and smaller accounting practices now have a simple tax solution. Xero Tax is available now. It’s an ideal starting ...