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

Xero

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. The next phase of Making Tax Digital is coming.

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80% of software vendors to offer gen AI by 2026, up from 1% last year

Accounting Today

Gartner estimates that, by 2026, around 80% of independent software vendors will embed gen AI capabilities in enterprise applications, versus less than 1% in 2023.

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Get set up for the new tax year with Xero Payroll

Xero

Payroll benefits From April 2026, a new UK government mandate will require employees benefits (like company cars, insurance) to be reported via payroll, meaning you wont need the P11D form across most benefits. Employers wont need to include loans or accommodation in payroll right away, this will be optional from April 2026.

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Wolters Kluwer CEO Nancy McKinstry to retire in 2026

Accounting Today

Wolters Kluwer CEO Nancy McKinstry said she will retire in 2026. Wolters Kluwer intends for Stacey Caywood, current CEO of Wolters Kluwer Health, to be the new CEO next year.

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Opportunity zones and other gain deferral strategies save on taxes

Accounting Today

The OZ program allows investors to defer their capital gains from sales of appreciated real estate, stocks, businesses, personal residences, collectibles and even crypto through 2026.

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

Xero

The requirements for small businesses and their accountants are due to be phased in over 2026 and 2027. While this law directly targets businesses with more than 100 employees, the impact will inevitably trickle down to their suppliers, who may need to provide emissions data to them.

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SEC publishes draft strategic plan through 2026

Accounting Today

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