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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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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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Navigating Success with the Best Accounting Software for CPAs and Accounting Firms

CapActix

This advanced software offers a comprehensive range of features, including payroll management, report generation, expense tracking, and even tools for auditing and tax preparation support. Investing in the best accounting software for CPAs and accounting firms designed to facilitate the operations of accounting business is a prudent decision.

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How Accounting Automation Can Save Your Business Time and Money

Nanonets

This could explain the high growth of the accounting software industry, estimated to reach $12 billion by 2026. Difficulty in compliance It can be hard to keep up with regulatory requirements and tax laws if you rely on manual accounting methods. They also assist in calculating deductions, providing a clear view of tax obligations.