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What’s new in Xero – March 2025 & Quarterly Wrap

Xero

Its been a massive start to 2025! We also heard your feedback, and so now you can automatically prepare partnership annual accounts and tax returns using Xero data and seamlessly file them with HMRC (read more in the previous edition of Whats New). In February , we shared enhancements weve made to invoicing.

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

Xero

Introducing Xero Simple To support you and your clients with MTD for IT, were evolving our non-VAT Xero Cashbook plan into Xero Simple.* Xero Simple is a new plan that has been packed with new features to support you, and your sole trader and landlord clients, with the next wave of MTD for IT and digital transformation. .*

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Climate reporting legislation: What it means for small businesses and accountants

Xero

From January 2025, new climate reporting legislation will be introduced. The requirements for small businesses and their accountants are due to be phased in over 2026 and 2027. What this means for accountants Accountants can play a crucial role in supporting businesses as they comply with the new climate reporting requirements.

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

Xero

Phase 2: Businesses with an annual turnover between RM25 million and RM100 million will need to comply starting 1 January 2025. Phase 3: The initiative will extend to all taxpayers on 1 July 2025. Cloud-based accounting solutions like Xero offer seamless e-invoicing capabilities, ensuring compliance with new regulations.

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Get set up for the new tax year with Xero Payroll

Xero

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. Xero will submit an Employer Payment Summary (EPS) to HMRC once your final pay run is complete.

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Xero partners: Refer your clients to the Xero Beautiful Business Fund and get rewarded

Xero

On 9 July, we announced that the Xero Beautiful Business Fund is back for 2024. Just as we did last year, we’re giving away more than NZ$750,000 to eligible Xero small business customers across Australia, Canada (excluding Quebec), New Zealand, Singapore, South Africa, the UK, and the US. Read on to find out how, and what you can win.

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