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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. What this means for accountants Accountants can play a crucial role in supporting businesses as they comply with the new climate reporting requirements. In the end, it’s just maths. There’s something for everyone.

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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. Streamlined compliance with Xero Tax: Take control of accounts and tax returns ( Learn more about Xero Tax here.) Whats next?

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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

Double-check payroll reportings Review key reports like the P32, P11s, Gross to Net, and Account Transactions to ensure your posted pay runs are reconciled. Employers wont need to include loans or accommodation in payroll right away, this will be optional from April 2026. More information on this announcement can be found here.

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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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SEC publishes draft strategic plan through 2026

Accounting Today

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