Accountants and bookkeepers within the UK are taking part in an important function in rebuilding our economic system. So at Xero, we need to make their lives simpler.
After we launched Xero Tax within the UK virtually virtually a yr and a half in the past, we made a dedication that non-public tax would come subsequent. In the present day, we’ve fulfilled that promise, providing an end-to-end tax answer that may assist advisors reclaim their January.
The launch of non-public tax and sole dealer accounts options types a part of our Subsequent Era Observe imaginative and prescient and dedication to supporting Making Tax Digital (MTD), paving the best way for future digital transformation by seamlessly connecting knowledge and minimising handbook entry.
An end-to-end tax answer in Xero
We all know how tedious and paper-heavy collating consumer data and submitting tax returns might be. Our new options join knowledge from shoppers’ books, to their accounts manufacturing and tax return. Every thing is now in a single place, so handbook knowledge entry is minimised and the method is streamlined. And what’s extra, it’s accessible at no additional value as a part of our Xero Associate Programme.
We’ve labored carefully with quite a lot of our accounting companions over the previous few months to verify our private tax answer is one thing that may actually add worth to your follow.
Claire Markham from The Focus Assortment took half within the testing part and says: “To this point, Xero’s private tax is the simplest tax software program I’ve utilized in my 15-year profession. It has already saved us time, and has made it simpler when coaching new employees. Now we have been utilizing Xero for the previous six years and have moved every part over to Xero, as we discover it really easy to make use of and our shoppers assume the identical.”
Future-proofing your compliance
The event of Xero Tax and the seamless integration it has with Xero HQ (the central place for accountants and bookkeepers to handle their follow) is a big milestone for Xero, because it helps us work in direction of our Subsequent Era Observe imaginative and prescient.
The imaginative and prescient is to supply a unified expertise throughout our suite of follow instruments that accountants and bookkeepers use daily to onboard, collaborate and handle consumer workloads within the cloud from inside Xero HQ.
Private tax additionally aligns to our dedication to assist MTD for Earnings Tax Self Evaluation (ITSA), serving to accountants and bookkeepers make a seamless transition to MTD for ITSA sooner or later. Let’s check out a few of the key options of our new private tax answer:
- Get at-a-glance views of progress: The dashboard reveals the place you’re at with finishing private tax for every of your shoppers, and tracks the progress of every particular person consumer.
- Get pleasure from a seamless knowledge circulation: Xero HQ robotically retrieves your shoppers’ knowledge and tax data from the consumer file, and populates these fields of their private tax return.
- Velocity up enterprise compliance: Particular person returns are auto-populated with enterprise revenue utilizing knowledge from their Xero account, to hurry up your workflow.
- Drill down into transactions: Accounts manufacturing for unincorporated companies permits you to floor account transactions with a single click on, to make any corrections to the information.
- Validate your knowledge: Validation checks are carried out on the information you enter within the tax return, whereas check submissions to HMRC offer you confidence that your consumer’s return shall be accepted.
Get began immediately
Our private tax answer is obtainable freed from cost inside Xero Tax, to all UK accountants and bookkeepers on the Xero Associate Programme.