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Streamline tax time: Xero now supports partnership tax in the UK

Xero

We’re excited to announce that partnership tax has arrived in Xero Tax. You can now manage most of your clients’ tax needs – corporate, personal, and ordinary partnerships – in one simple, secure platform. Your practice can now gain all the benefits of Xero Tax across your ordinary partnership clients.

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What’s new in Xero – February 2025

Xero

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. Relax and enjoy seamless compliance with the new regulations.

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Bookkeeping vs. Accounting: Here’s how they differ

Intuit

Skills and duties Bookkeeping Data entry and accuracy: Bookkeepers are masters of accuracy, making sure all financial transactions are recorded correctly and consistently. This involves strong data entry skills and a keen eye for detail. Looking for an accounting or bookkeeping job?

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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. This means you can reconcile multiple records faster while minimising errors in manual data entry. EOFY 2023).

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Balancing automation and compliance in expense reporting

Xero

eReceipts are digital versions of receipts that are automatically created and stored in Expensify based on the data received from the credit card provider. By using eReceipts, you can eliminate the need for manual data entry and reduce the likelihood of errors.

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The Annual Review

1st Step Accounting

At least once a year, I take a moment to review how our tax season went. After reviewing the 2023 tax year season, I realized there was some work that needed to be done. The data revealed some realities that I did not like, and some lessons emerged from this internal discussion. So how did we use it?

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How digitalisation can make your practice invaluable to your clients

Xero

We’ve seen a slow and steady shift towards digitalised compliance by governments around the world, particularly when it comes to managing tax – but this is only the beginning. It means automating time-consuming accounting and finance tasks, reducing paper handling and manual data entry. More authentic interaction with clients.

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