Xero Tax
Streamline tax compliance and accounts production for accounting professionals.
Executive Summary
Xero Tax is a cloud-based tax software solution designed for accounting and bookkeeping professionals to manage tax compliance and accounts production. It seamlessly integrates with Xero's core accounting product, enabling automated data flow for preparing and filing various tax returns. The platform helps practices reduce manual data entry, ensure compliance with evolving tax regulations, and offers direct online submission to government bodies in supported jurisdictions like the UK and Australia.
Use Cases
- Prepare and file corporate tax returns (CT600) directly to HMRC.
- Prepare and file individual self-assessment returns (SA100, SA302) with supplementary pages.
- Prepare and file partnership tax returns.
- Produce statutory accounts (FRS 105 for Micro entities, FRS 102 1A for Small entities) and submit to Companies House.
- Electronically lodge returns and activity statements to government bodies like ATO and IRD.
- Manage VAT/GST calculations, reporting, and submissions.
Features
Visibility
- Tax Alerts Panel: Provides a practice-wide view of tax returns, highlighting critical information like errors or discrepancies with tax authorities.
- Returns by Month and Form Graphs: Tracks the progress of client returns over time and by return type, filterable by tax year and account manager.
- Real-time Reporting: Offers real-time insights into tax liabilities and financial positions for better planning and decision-making.
- Customizable Dashboards: Allows users to customize dashboards to show preferred metrics and track important business measures.
Intelligence
- Automated Tax Calculations: Automatically calculates various taxes (e.g., sales tax, VAT, GST, income tax) based on transactions, reducing manual effort and errors.
- Automated XBRL Tagging: Provides automatic XBRL tagging for efficient workflow and simplified preparation and filing of financial statements.
- Compliance Monitoring: Receives alerts and updates on changes in tax laws and regulations to help businesses stay compliant.
- Ledger Validation: Checks for anomalies in ledgers to ensure accuracy before tax filing.
- JAX Assistant: An AI-powered assistant designed to enhance user experience and efficiency.
Support
- 24/7 Online Support: Access to comprehensive online resources and 24/7 customer support for general Xero queries and assistance.
- Xero Community: Access to a community forum for peer support and shared knowledge.
- Dedicated Partner Support: Specific support channels and resources available for Xero accounting and bookkeeping partners.
Technical Specifications
- Architecture
- Cloud-native SaaS
- Deployment
- Cloud/SaaS
- Authentication
- SSO, MFA
- API Available
- Yes
- MCP Server
- No
Infrastructure
- AWS
- Azure
- GCP
AI/ML Stack
- Machine Learning
Security & Compliance
Certifications: GDPR
Encryption: Data encryption for secure storage and transmission.
Pricing
- Model
- Tiered subscription (for partners) or included with partner program status
- Starting Price
- Free for Xero partners (Bronze status and above in UK/AU). For new AU partners, 14-day free trial, then from A$71.50/month for a single user.
- Target Customer
- Accounting and Bookkeeping Firms
- Contract Type
- Monthly available
- Free Trial
- Yes, 14 days (credit card required)
Ratings & Reviews
G2: 4.4/5 (1338 reviews) · Capterra: [object Object]/5 · Gartner: [object Object]/5
About xero
Xero is a New Zealand–founded company that provides cloud-based accounting software for small businesses and their advisors. Their platform offers invoicing, payroll, bank reconciliation, and integrations with a wide ecosystem of apps to help automate financial workflows.