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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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A sneak peek into what’s next for reports in Xero

Xero

Balance Sheet, Profit and Loss (Income Statement) and Budget Variance reports: We’ve added the ability to translate these reports into any currency enabled in your organisation, for a quick view of your financials in the currency of your choice Receivable and Payable Invoice Summary and Detail reports, and drilldowns from Income by Contact and Expenses (..)

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Highlights from Xero’s 2023 hackathon

Xero

Customise your Xero experience Invoice emails: Our new text editor tool enhances the emails you send with your invoices, with bold, italics and underlining options (exclusive to new invoicing) Add or edit contacts: We’ve changed the add/edit page in contacts to be a single form with tabs that act as quick links, to help you manage your contacts more (..)

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Product wrap from Xerocon Sydney 2023

Xero

In the coming months, we’ll also be enhancing the way we use AI in bank reconciliation, to populate new contacts that aren’t already in your clients’ contact lists. This will reduce manual data entry and means that for clients new to Xero, bank reconciliation is made easier on day one.

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Xero announces new features on bank recs, compliance, payments

Accounting Today

Diya Jolly, Xero's chief product and technology officer, announced several new products and enhancements for bank reconciliations, payments, compliance and more.

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Four ways small businesses can work smarter in Xero this EOFY

Xero

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. Whether you’re a seasoned tax time pro or just learning the ropes, we have all kinds of resources and hacks to help you along the way.

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Latest product news — June 2022

Xero

A new design in the Xero Accounting app dashboard (Android) and bank reconciliation screen (iOS and Android). We will automatically calculate Schedule 5 or PAYG tax and display the leave loading on the employees’ payslip. Map incomplete tax rates in Xero — Canada. Easy e-signing with document packs — New Zealand.

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