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

Xero

The next phase of Making Tax Digital is coming. 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. MTD for IT filing will be available in all Xero business plans.)

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Get set up for the new tax year with Xero Payroll

Xero

With another tax year almost wrapped up, are you ready to tackle year-end payroll? 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.

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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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IRS extends R&D tax credit transition period

Accounting Today

The Internal Revenue Service is extending the transition period for revising claims for the research and development tax credit through Jan. 10, 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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The move that protects everyday millionaires from the estate tax hit in 2026

Accounting Today

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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. This can only be a good thing, because regardless of this delay, it remains a vital part of the Government’s journey to digitise the tax process. Why has this happened? The new MTD for ITSA timeline.

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