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We’re kicking off the new year with some exciting Xero updates designed to address some of the enhancements youve been asking for, and make things more automated to save you time. Xero automatically creates draft bills with key details, with the original document attached ready for approval.
So, to help small businesses in need of a little respite, we’re excited to announce that Xero’s Emotional Tax Return competition is back for 2022! . By inviting you – small business owners (that’s advisors too) – to submit an Emotional Tax Return claim. The hidden costs of running a small business in 2022.
We’ve made a number of enhancements to the Xero platform in the last month, including updates to quotes, reporting, Xero Analytics Plus, WorkflowMax and more. The details will also integrate into Xero, if you use it. Tailor your business snapshot in Xero Analytics Plus — Global. Reimagine your Xero experience — Global.
You can now add a Cash Summary report and Executive Summary to report templates in Xero HQ. When you select the figures in the ‘This month’ column on your accounts watchlist on the Xero dashboard, you’ll now be taken to the new version of the Account Transactions report. Other new features in Xero.
That’s why we have prepared some resources to guide you through a frictionless payroll year end, and be ready for the start of the 2023/24 tax year. We have also introduced a new checklist within Xero Payroll to streamline your tasks and make it easy as we approach year end.
Our teams have been busy adding lots of value across our platform over the past month, including enhancements to Hubdoc, short-term cash flow, tax updates in the UK and more. Automatically add Xero contacts in Hubdoc — Global. When Hubdoc publishes a document to Xero, it requires a contact name. Sticky headers. Sticky headers.
This includes new earnings categories in Xero Payroll to support Single Touch Payroll (STP) Phase 2 in Australia, as well as the launch of document packs in the UK to help advisors easily collate documents and get them electronically signed by clients. We’ve made a number of enhancements to new reports in Xero over the past month.
Read on for more details about these and other product updates in Xero. We’ve made a number of enhancements to new reports in Xero over the past month. Don’t forget, we’re retiring the older versions of our reports in Xero, so you’ll need to start moving your work across to the new versions. New features.
It was the perfect location to reconnect with our valued accounting and bookkeeping partners, and share some exciting plans for new tools and features designed to make inventory management, bank reconciliation and tax management simpler and more seamless. Helping you navigate sales tax in the US.
Today, we kicked off Xerocon London 2022 and it was clear from the excitement and buzz at the event that our accountants and bookkeepers, app partners and exhibitors were as happy as we were to come together again as a community. Here’s a quick breakdown of some of the highlights from day one of Xerocon London 2022. .
While we were busy connecting with our partners, Xero teams around the world were enhancing the features on our platform. Make adjustments in the Xero Accounting app — Global. We’re now giving you two ways to make adjustments in the Xero Accounting app: bank fees and minor adjustments. New features.
In the 2022 budget announcement, Singapore’s Minister for Finance announced the GST rate will increase from 7% to 8% on 1 January 2023, and from 8% to 9% on 1 January 2024. Here’s what we’re doing to make it easy for you to manage this change in Xero. We’ll make the new 8% rate available in Xero by 9 December 2022.
It has been an exciting, bumper month for Xero! In addition to the buzz of Xerocon London, we have had a number of product releases, including adding even more customisation and functionality to our new reports in Xero, and the early release of Xero Go for UK sole traders. New features. New features.
This EOFY in Xero Payroll will be slightly different than previous years. Check your employees’ records As part of STP Phase 2, there are key compliance requirements that affect the way employees are set up in Xero. These requirements involve changes to details in the Employment and Taxes tabs.
What an incredible couple of days it’s been at Xerocon London, kicking off the product update with the launch of our exciting new product for sole traders, and watching as our teams share the latest tools and features in Xero. Introducing Xero Go for sole traders. Preparing your clients for MTD for ITSA.
Today, we wrapped up Xerocon New Orleans, the second of three Xerocon events we’re hosting in 2022. . Despite its name, Xerocon isn’t just about Xero – it’s really about our partners and community. It’s so important that we connect with our communities to understand why they choose Xero, what is working well, and where we can improve.
Starting from 1 July 2022, there are a number of government requirements that will impact how you manage payroll (including superannuation) for employees. It’s important to note too that from 1 July 2022, super will be payable to employees under 18 if they work more than 30 hours per week regardless of how much they earn.
I was also really excited about one of the reasons I was on stage — to unveil the early release of Xero Go , a new mobile app we’ve developed to help ease the burden of financial admin for sole traders in the UK. Xero Go subscribers have all the tools they need at their fingertips. With around 2.6 A comprehensive partner plan.
Xero continues to grow in the US and Canada, and it’s important that we continue to seek feedback from our partners and advisors on how best to meet their needs. We recently hosted our US Xero Partner Advisory Council (XPAC) meeting in Denver to hear from our valued accounting and bookkeeping partners about what matters most to them.
Xero connects with over 1,000 apps that help small businesses and their advisors succeed, check out the Xero App Store. Find out more about becoming a Xero app partner here. Xero recently hosted Xerocon London , one of the most anticipated events on the calendar for cloud accounting leaders.
There is so much to see and do at Xerocon London 2022 , from entertaining activities to inspiring keynotes, that it can be hard to know where to start. Making Tax Digital (MTD) has been the elephant in the room for a long time now. Here are five sessions to check out at this year’s Xerocon in London. .
At Xero, we’re passionate about mentoring and encouraging the next generation of accounting, small business, and finance leaders. We were honored to be on the ground at NABA’s Annual Convention last month as a sponsor of their 2022 scholarship program, which has provided over $375,000 in scholarships to their students. .
Xero connects with over 1,000 apps that help small businesses and their advisors succeed, check out the Xero App Store. Find out more about becoming a Xero app partner here. Xero recently hosted Xerocon New Orleans , one of the most anticipated events on the calendar for cloud accounting leaders.
Xerocon London 2022 boasted everything from inspirational keynotes, to major product announcements , and fantastic guest speakers. First, for policy, it means a progressive extension of HMRC’s Making Tax Digital (MTD) work. And finally, for law and practice, it means a reform of the tax administration framework itself. .
From pandemic restrictions to Making Tax Digital (MTD), hospitality businesses have had to stay agile and adapt to many changes in the past few years. In this guide, we’ll look at what the government’s Making Tax Digital initiative means for your hospitality business in practical terms. A closer look at MTD for hospitality.
That’s right, it’s time for a gentle nudge/firm reminder that your business must now comply with government legislation Making Tax Digital (MTD) for VAT. . Here, we break down some of the things you may not know about MTD for VAT, from software requirements, to benefits, to why it really is time to dive into tax digitisation. .
That’s why we’re working hard to create a unified client record across Xero Practice Manager (XPM), XeroTax, and Xero HQ. We know our existing client record sync in XPM and Xero HQ has caused some issues for customers in the past. You can then create a Xero organisation from the client that exists in Xero HQ.
At Xero, we can’t wait to head to Coventry on the 30 November – 1 December and see so many of you in person. 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. Yes, we said it!
Tax time will look a little different this year compared to last, with the conclusion of the JobMaker and JobKeeper schemes and business slowly returning to normal. If these pay runs are to be reported in the 2021/22 financial year, you’ll need to make sure the payment date of the pay run is on or before 30 June 2022.
If you’re self-employed, chances are you look forward to organising and fulfilling your tax obligations as much as you would a particularly upsetting root canal. Before we dive into the intricacies of tax for the self-employed, it’s important to understand what actually constitutes being self-employed. . Are you self-employed?
That’s why we’re working hard to create a single source of truth for your client data across Xero Practice Manager (XPM), Xero HQ and XeroTax. Imagine having one client list that you can easily access from all your practice tools in Xero. What’s changing in XPM and Xero HQ.
Instead, you’ll need to submit them through Making Tax Digital (MTD)-compatible software. . If this slightly portentous opening feels overblown, that likely means you have your ducks in a row or are unaffected by the government’s push to digitise tax. The road to tax digitisation has been a little bumpy. . A fragmented journey.
Suddenly, it’s mid-2022. While here may not be the best place to ponder the ebb and flow of time, it is worth bearing in mind when assessing the April 2024 starting date for Making Tax Digital for Income Tax Self Assessment (MTD for ITSA). How did that happen? . It may feel far away, but it’ll be here before you know it. .
We have two invoicing experiences in Xero right now: the older version (known as ‘classic’ invoicing) and ‘new’ invoicing. New Xero customers will default to new invoicing. We’ve added so much value to new invoicing that we’re going to make it the default invoicing experience for new Xero customers from 16 November 2022.
It was the perfect way to reconnect with our US and Canadian based accounting and bookkeeping partners and the wider Xero community. . At Xero, we are committed to providing these tools and more, and connect them all in the Xero platform. Xerocon New Orleans was the second of our three Xerocon events for 2022.
This year, more than 70 cutting edge app partners from the Xero App Store will be exhibiting at Xerocon Sydney. Here’s more about our Xerocon Sydney 2022 event partners. GoCardless makes it easy for you to collect one-off, or automated, bank payments for your Xero invoices. Try out the GoCardless app from the Xero App Store.
Candice shares her tips on how she kept The Green Man pouring, and ensured the pub achieved compliance with government legislation Making Tax Digital (MTD) for VAT. . She continues, “I’m now seeing the benefits of using technology to keep on top of finances throughout the year, so tax isn’t so scary at year end.” .
Xerocon London is a great opportunity to hear the latest news and updates from the Xero community and get inspired by some fantastic speakers. This year more than 50 cutting edge app partners from the Xero App Store will be exhibiting at Xerocon. Check out Pleo in the Xero App Store. GoCardless.
They shared their highlights, reflections and all-around gratitude to our community for making Xerocon 2022 one to remember. Will: “I’ve been with Xero for seven years now and have been lucky enough to spend a lot of that time in Canada and the US. And it reignited a desire for us, at Xero, to do more of that. Until next time!
You could really feel the excitement and buzz in the air, and my team and I were thrilled to share the latest developments in Xero. You know all too well how vital it is to collect approval signatures from clients on financial statements, tax returns, and other key documents to keep work flowing and meet deadlines.
If you’re using payday filing through Xero, you’ll also need to make sure these have been filed. To make sure these pay runs are reported in the 2022 – 23 financial year, the payment date will need to fall on or before 31 March 2023. Instead, change it at the start of the next tax year. You’re done! Sit back and relax That’s it!
Xero Small Business Insights and getting ready for what’s next. On Wednesday morning, I was joined by Alex von Schirmeister, Managing Director, UK & EMEA, on stage where Alex shared some insights into his time at Xero so far and his passions for really working with our partners to help small businesses in the UK and EMEA. .
In fact, research we recently conducted in partnership with Lonergan Research revealed almost half (49%) of UK small business owners surveyed said managing employee processes and compliance was taxing on their mental health. Our report found: Almost half (49%) believe managing employee processes and compliance is taxing their mental health.
This blog post is written by Logan Ransley, Co-Founder of Landlord Studio – rental accounting and property management software to over 4000+ self-managing landlords (managing 38,000+ properties) to help them stay organized and prepared for the tax season. . Find out more about the Landlord Studio app , available from the Xero App Store.
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