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What’s new in Xero – December 2024

Xero

Welcome to our monthly roundup of what’s new in Xero. This month, we’ve introduced updates designed to help you to get paid faster, streamline tax rules and regulations compliance, and manage your sales tax with ease. These are just some of the updates that have rolled out in Xero this month.

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Introducing Xero Simple, a plan to support you with Making Tax Digital for Income Tax

Xero

The next phase of Making Tax Digital is coming. In April 2026, Making Tax Digital for Income Tax (MTD for IT) will be introduced, and its set to shake up the record keeping, reporting and tax requirements for self-employed people and landlords. MTD for IT filing will be available in all Xero business plans.)

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What’s new in Xero – February 2025

Xero

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.

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Your ultimate payroll year-end 2024/25 checklist: steps and deadlines

Xero

Payroll year-end is when a business finalises payroll records for the tax year. Think of it as closing out your payroll for the period: youre reporting to HMRC the total amount youve paid your employees and the deductions youve made, which is necessary admin before starting a new tax year. A step-by-step guide to year-end 1.

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Get set up for the new tax year with Xero Payroll

Xero

With another tax year almost wrapped up, are you ready to tackle year-end payroll? Finalising your 2024/2025 tax year Wrap up outstanding items Before processing your last pay run for the 2024/25 tax year, approve any outstanding leave requests, timesheets and overtime to ensure your employees’ final pay is accurate.

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Malaysia’s National E-invoicing Initiative: What SMEs need to know

Xero

It’s part of Malaysia’s broader digital transformation strategy to promote transparency, reduce tax evasion, and improve the efficiency of financial processes. Cloud-based accounting solutions like Xero offer seamless e-invoicing capabilities, ensuring compliance with new regulations. Ready to embrace e-invoicing?

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What’s new in Xero – September 2024

Xero

In last month’s edition we shared how we’re making it easier for you to navigate and tab through fields in invoicing , and in July we rolled out the ability to toggle payment methods on and off in your payment settings without leaving Xero. This allows for more precise tracking and more accurate leave accruals.

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