Xero Senior Account Manager, Matthew Prouse, walks accounting partners through the current individual and trust income tax returns contained within Xero Practice Manager. Session recorded on Friday 5 December 2014. For more information about Xero Practice Manager with Tax, please speak to your Xero Account Manager or visit http://www.xero.com/au/partners.
Xero has expanded its tax solution for Australia with the inclusion of the 2014 trust tax return.
Preparing and filing trust tax returns is made simple by powerful features such as automated beneficiary distributions and beneficiary statement creation. This means that data is shared and populated to the beneficiaries tax returns automatically.
Once the client records are linked to the trust as beneficiaries, Xero tax will automatically create beneficiary statements and distribute the relevant amounts for each individual.
Check out this video to learn more about the smart features and workflow available to advisors when preparing trust tax returns in Xero Practice Manager.
- Online Practice Management software that allows you and your staff to track time, manage jobs, manage expenses and manage invoicing. You will be stepped through the common elements of day to day processes, including featured software highlights. Click here for a free 14 day trial.
- Online Workpapers software that makes processing compliance faster and smarter than ever before. You will be stepped through the integration with Xero Single Ledger, the processing of Workpaper Packs, and demonstrated feature software highlights. Click here for a free 60 day trial.
- Online Tax software that's housed inside Xero Practice Manager. You will be stepped through the process of integrating with Xero Single Ledger to lodge ATO Activity Statements via the secure portal with the ease. (This solution is housed inside Xero Practice Manager)
Click here to be taken to our Certified Practice Studio Partners that implement, train and support these products.