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Where business boomed: Changes in federal tax collections by state

Accounting Today

The top three states had an average change percentage of 215.76% between 2021 and 2022.

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Latest product news — June 2022

Xero

We will automatically calculate Schedule 5 or PAYG tax and display the leave loading on the employees’ payslip. Map incomplete tax rates in Xero — Canada. If you have unmapped tax rates in Xero, the incomplete tax rates will now be grouped at the top of the tax rates page.

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Latest product news — September 2022

Xero

Rollover and merge pre-populated data in Xero Tax — New Zealand. When you create a new tax return for your clients, the prior year return’s worksheet entries will now be rolled forward and automatically merged with pre-populated data from the IRD. Use GoCardless Instant Bank Pay to collect one-off payments — UK.

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Top taxes: Which types of tax bring in the most money

Accounting Today

The top three types had an average increase in gross collections of 39.86% between 2021 and 2022.

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App Partners of the Month: Xerocon London 2022 special edition

Xero

Preparing the UK for ‘Making Tax Digital’ in 2024. The UK Government’s Making Tax Digital (MTD) for ITSA will impact up to 4.2 The post App Partners of the Month: Xerocon London 2022 special edition appeared first on Xero Blog. New ways to support businesses selling online.

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4 things you need to check out at AccountingWeb Live Expo

Xero

Innovation in accounting technology has been constant in the last decade, from the mass adoption of cloud accounting, to tax digitalisation with Making Tax Digital (MTD), to Open Banking. Only available at AccountingWeb Live 2022. Find out why MTD for ITSA is great. Yes, we said it! We can’t wait to see you there. .

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The small business guide to MTD for VAT penalties

Xero

This blog was first published in April 2022 and updated in January 2023. If you’re a VAT-registered business , you may have received a letter or email from HMRC, informing you that the new penalty system for Making Tax Digital (MTD) for VAT is now in place. This will also apply to MTD for Income tax Self Assessment (ITSA).

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