Xero Blog

We’re pleased to announce that the Domestic Reverse Charge (DRC) is now live in Xero. The new feature will help you comply with your DRC obligations.  DRC intends to cut down on “missing trader” fraud, where companies receiving high net amounts of VAT from their customers have no intention of ever paying over to HMRC. 

(Simon Groth, Rawson Baker Advisors) As New South Wales enters its third year of drought, some stressed-out farmers are finding big support from a small and unexpected source: the phones in their pocket. 

As a small business owner it often seems like there aren’t enough hours in the day. And the struggle to stay on top of things is likely all too familiar.  With the ATO now requiring all businesses in Australia to digitally report their payroll information through Single Touch Payroll (STP), you may be finding it tricky to get your head around these new changes. 

We all know that cash is king – and having more of it flowing in than flowing out is key to helping business owners sleep at night. In fact, according to Xero’s business insights analysis, on a month to month basis, barely half of businesses are cash flow positive. 

Xero is hitting the road again in October to bring Xero Roadshow Canada to accountants and bookkeepers across the country. If you’re not familiar, roadshows are free events for cloud accounting and bookkeeping leaders to evaluate challenges and opportunities defining the industry, hear about the latest Xero product updates, share the latest digital efficiencies, and connect with the broader advisor community across Canada. 

Payroll has a huge impact on the UK and its economy, we want to make it easier for everyone. From talking to our 1.8 million subscribers, we know that hiring, paying and managing staff isn’t as simple as it sounds.

The buzz of meeting over 3000 partners at our annual Xerocon event in Brisbane is something I’ll never tire of. It was particularly special this time given I’ve now been in the role for over a year, and have had the opportunity to get to know our partners, employees and the unbelievable community we’re creating together to serve small businesses around the world.

Whether you’re a solo practitioner in Australia or a national accounting firm with hundreds of employees, you likely have one thing in common: you need practice management software. But with the number of options growing, how do you determine which solution is right for you?

Australia’s choices in practice-management software just got richer thanks to Xero’s new integration with enterprise solution GreatSoft. The cloud-based practice suite is a recent arrival on Australian shores but has already proved itself in 19 countries with top and mid-tier firms including the Big Four, BDO and RSM.