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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. Any tax code updates from HMRC (also known as P9X ) will be automatically applied in Xero.

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Making Tax Digital for ITSA has been delayed, but we’re ready to support you

Xero

HMRC has announced that Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) has been delayed until April 2026. With small businesses, accountants and bookkeepers facing challenging times, we understand and support the delay from HMRC – giving you more time to prepare. . Why has this happened?

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Singapore Budget 2025: Key Benefits for Small Businesses

Counto

As your accounting partner, we’ve analysed the key measures that matter most to small business owners. Corporate Tax Relief and Cash Grant Good news for your bottom line – you’ll receive a 50% corporate income tax rebate for YA 2025. Tired of surprise fees from accounting services?

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Recording Charity Donations in Bookkeeping for Small Businesses in Singapore

Counto

Here’s how you can ensure compliance with tax regulations and maximise your charitable giving: 1. Establish a Dedicated Account for Charity Donations Create a specific account or category for charity donations in your accounting system, such as “Charitable Contributions” or “CSR Expenses.”