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Better off on Xero: Steps to process and finalise payroll

Xero

Completing your EOFY is better off on Xero. Check your employees’ records As part of Single Touch Payroll (STP) , there are key compliance requirements that affect the way employees are set up in Xero. For more details on reporting categories, check out our guide in Xero Central.

XERO 221
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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. Phase 2: Businesses with an annual turnover between RM25 million and RM100 million will need to comply starting 1 January 2025. Ready to embrace e-invoicing?

Invoicing 175
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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.

Payroll 194
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A short guide to Making Tax Digital for hospitality

Xero

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.

Tax 207
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What you need to know about changes coming to payroll from 1 July 2022

Xero

each year until it reaches 12% in 2025. Will I need to do anything in Xero? . The good news is that other than making sure all your employees’ super details are up to date, there’s nothing else you need to do in Xero. You should also seek advice from your financial or tax advisor as required. for pay periods from July 1.

Payroll 246
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Ditching the stress of year-end payroll 2024/25

Xero

Payroll year-end sees a business wrap up the tax year for payroll purposes. Youll also need to issue P60s to your employees and make any adjustments to tax codes for the new tax year. This is in contrast to your usual payroll which happens every payday usually weekly or monthly rather than just at the end of the tax year.

Payroll 130
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The Future of Restaurant Accounting: Simplified for 2025

Analytix Finance & Accounting

As we prepare to move into 2025, here are some restaurant accounting and bookkeeping trends that can simplify your financial management and help grow your business. Automation has revolutionized accounting in recent years, and it will continue to do so in 2025. What about innovating to meet customer expectations?