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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. Introducing Xero Simple To support you and your clients with MTD for IT, were evolving our non-VAT Xero Cashbook plan into Xero Simple.*
If you run weekly payroll , you may have a week 53 this yeardon’t worry, Xero will handle this automatically. Xero will submit an Employer Payment Summary (EPS) to HMRC once your final pay run is complete. Any tax code updates from HMRC (also known as P9X ) will be automatically applied in Xero.
The requirements for small businesses and their accountants are due to be phased in over 2026 and 2027. How Xero can help We’re committed to helping small businesses and accountants transition to mandatory climate reporting. You can find carbon footprinting apps in the Xero App Store. There’s something for everyone.
I’m thrilled to announce Xero is partnering with New Zealand Football to help support football clubs across Aotearoa, helping Kiwis balance better numbers off the field through a club support programme. . Xero joins NZ Football to champion community football whilst also partnering with FIFA for the home FIFA Women’s World Cup 2023 ”.
HMRC has announced that Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) has been delayed until April 2026. Apr 2026: MTD for ITSA – businesses, self-employed individuals, and landlords with income over £50,000. The new MTD for ITSA timeline. Here are the key dates you need to know when preparing for MTD for ITSA:
billion in 2026, according to IDC’s latest Worldwide Artificial Intelligence Spending Guide. For example, Apple has added buy-now, pay-later functionality into the iPhone, Amazon has offered lending to sellers, and Xero has added a ‘pay now’ button to invoices with Stripe and GoCardless. billion in 2022 to $46.6
Its functionalities are geared towards managing diverse client portfolios, ensuring adherence to regulatory standards, as well as seamlessly handling payroll, expense reporting tasks, and various other accounting outsourcing services. By the year 2026, the global market for accounting software is projected to reach a valuation of $11.7
This could explain the high growth of the accounting software industry, estimated to reach $12 billion by 2026. Seamless Integration with Accounting Software: Nanonets can easily integrate with popular accounting software, such as QuickBooks, Xero, and Sage, allowing businesses to automate data transfer and synchronization between systems.
Were pleased to announce that you can now access Sumday’s powerful carbon accounting tools free for 12 months with your Xero subscription, so you can better understand your environmental impact and take steps towards a more sustainable future. You can connect Xero to Sumday in just a few clicks from the Xero App Store.
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