Financial year-end is coming
The end of the financial year is usually 31 March. This is when most small businesses and organisations close their books to calculate their income tax on their profit (their income, minus any expenses).
Generally income tax returns are filed at the end of the first year of business, and paid as a lump sum. After the first year, tax is then paid in instalments, this is called provisional tax.
You can make tax returns easier and save time with our most popular features.
Easy online GST returns
Automatically calculate and file GST returns directly with Inland Revenue. Documents are securely stored to comply with legislation.
Fast bank reconciliation
Bank transactions flow into Xero automatically each business day. Reconciling can be done in just one simple click.
Save time on paperwork
Create and send online quotes and invoices, pay multiple bills in one go. Store the files in Xero for paperless record keeping.
With Xero, you're always up-to-date
Log in to the Xero accounting system for up-to-date financials, anytime, anywhere. View and share interactive reports and budgets, all in one place on a customisable dashboard.Explore all features