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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.) Whats next?
You can learn more about these enhancements in this webinar. UK: Streamlined tax workflow and compliance We’ve made Xero even better with some UK tax enhancements designed to save you time and reduce errors. Plus, you can now set up and manage practice government gateway IDs for Xero Tax in one location.
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.
From April 2024, self-employed people and landlords earning over £10,000 annually, will need to follow Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) rules. . As an accountant or bookkeeper, you will need to prepare yourself, your clients, and your practice for these changes. Four quarterly updates .
Sempar Accountancy and Tax have been crowned the Xero Mid-size Firm of the Year at the 2023 Xero Awards for UK and Ireland. Clients benefit from valuable insights through emails, social media posts, podcasts, seminars, and webinars,” explains Aludia. For those looking to enter the Xero Awards, “Just do it!”
That’s why we have prepared some resources to guide you through a frictionless payroll year end, and be ready for the start of the 2023/24 tax year. Don’t forget, there’s also plenty of other resources including support articles , a 24/7 payroll specialist team and webinars you can access at any time!
Revolutionising Tax Workflow with AI: Highlights from Our “Let’s Talk Tax Technology” Webinar with SCTP In the fast-evolving world of tax technology, staying ahead means embracing innovation. Transforming Tax Workflows AI.TaxAssist is not just about automation—it’s about transformation.
I’m delighted to announce that Xero has partnered with Parolla , to offer Xero accounting and bookkeeping partners and small business customers a free VAT solution, enabling you to easily prepare and generate revenue-compliant VAT3 returns for direct upload to Revenue Online Services (ROS). We’ll show you how you can file a return with ease.
The service held a webinar to raise awareness about programs that companies can use to help employees pay off student loans and other educational expenses.
We know it’s not enough to just create really #beautiful accounting software – we also need to teach you to use it. You can also find guides on Getting your invoices paid faster , Staying on top of your cash flow , Reconcile bank accounts easily in Xero and Creating professional invoices with ease , with more topics to come. .
It’s often said that (almost) no one goes into business to do their own accounting. So it’s no surprise that many entrepreneurs lean heavily on a trusted advisor for support, particularly around busy times like EOFY when tax, compliance, payroll and other business obligations come into play. What Xero tip would you add to this list?
There are a number of areas where you can set default tax rates in Xero. This includes your contacts, your inventory items, and accounts in your Chart of Accounts. Any transactions using those contacts, inventory items or accounts will continue to default to 7% unless you update them. bank reconciliation.
Here are some tips that may help: If multiple expense accounts have been used for earnings and KiwiSaver, make sure the totals are added together and compared against the pay history report. Check for any transactions incorrectly reconciled against your expense accounts. You can check this by running the Account Transactions report.
Teachers, We’ve Got Your Back In addition to a comprehensive and accessible curriculum, Intuit for Education comes with a robust library to help educators succeed, including how-to videos, teaching toolkits, webinars, professional development toolkits, and an engaged online community to help educators succeed.
As a CPA firm, you already know that tax season brings the need for organization, meticulous attention to detail, and efficient processes to ensure success. Balancing the need for precision while meeting tight tax deadlines can inadvertently result in errors. All of these serve to highlight the importance of preparation for tax firms.
These include the Budget Manager, Business Performance Dashboard, Payroll, Tax, and GST Reconciliation reports. These include: regular live webinars from our education team ( register for upcoming webinars now ). We recognise that for some of you, this is a big change and it will take some time to get used to new reports.
Sponsorships Are you interested in sponsoring the Cloud Accounting Podcast? Need Accounting Conference Info? Let the listeners of The Accounting Podcast know by running a classified ad. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040. For details, read the prospectus.
A WISP (Written Information Security Plan) is required for tax and accounting professionals. Lucky for you, Christine Gervais did a webinar on this topic a few months ago and we’re bringing it back around for your viewing.
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Its tax preparation and bookkeeping jobs provide many benefits. In addition to hourly wages and bonus opportunities, Intuit offers flexible work-from-home schedules, training and educational content to improve your skills, and an enthusiastic community of tax and bookkeeping experts. You can make a difference at Intuit.
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FTX had 80,000 transactions in Ask My Accountant; the crazy cost accounting behind EY's failed breakup; using ChatGPT for financial statement analysis; what the tech world thinks AI will automate in accounting and more! Interested in sponsoring the Cloud Accounting Podcast? We appreciate you!
They tackle the growing movement to drop the 150-hour requirement and propose a provocative solution: splitting the credential into specialized tax and financial/audit pathways. Sponsorships Are you interested in sponsoring the Cloud Accounting Podcast? Need Accounting Conference Info? Need Accounting Conference Info?
Is your firm struggling with retaining accounting talent or making hires? Jeff founded the staffing platform Accountingfly and is the CEO of Padgett , a large taxaccounting firm. Want to learn how to write the ultimate accounting job posting to attract top talent? If so, your firm is not alone. The problem is real!
There has never, ever been a better time to change accounting jobs. In this webinar we will teach you how to land an Accounting/Tax job you love. Join an interview with CPA Recruiter Beth Dierker of Accountingfly , who has advised hundreds of accountants in finding new roles. Recall how to interview successfully.
Blake and David discuss issues relating to the accounting profession's talent pipeline, including a high school student's negative experience in her first accounting class and efforts by state CPA societies to reduce licensing barriers. in Legal Costs Every Day [link] 150 Hours is a Barrier - Really!
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Next, Blake and David unpack a survey on the surprisingly low tax-preparer fees across the country, discuss the headaches still posed by interstate CPA licensing, and consider some solutions like modeling CPA reciprocity rules! 23:16) - How do tax preparers operate? (24:32) 24:32) - How do tax preparers price? (27:38)
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