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Better off on Xero: Steps to process and finalise payroll

Xero

Preparing your payroll to make finalisation as easy as possible come July. Check your employees’ records As part of Single Touch Payroll (STP) , there are key compliance requirements that affect the way employees are set up in Xero. A good place to start? Completing your EOFY is better off on Xero.

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Get set up for the new tax year with Xero Payroll

Xero

That’s why we have prepared some resources to guide you through a frictionless payroll year end, and be ready for the start of the 2023/24 tax year. We have also introduced a new checklist within Xero Payroll to streamline your tasks and make it easy as we approach year end.

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What you need to know about changes coming to payroll from 1 July 2022

Xero

And this year is no different, with updates coming to payroll in FY23. . Starting from 1 July 2022, there are a number of government requirements that will impact how you manage payroll (including superannuation) for employees. So, what do you need to know to ensure compliance? Let’s take a closer look. What changes are coming?

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How technology has impacted accounting—from compliance to strategy

ThomsonReuters

This shift outside of traditional tax compliance positions accountants as trusted advisors or consultants to individuals and businesses. The post How technology has impacted accounting—from compliance to strategy appeared first on Tax & Accounting Blog Posts by Thomson Reuters. How do I find accounting technology?

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What to look for in a career change from accounting

ThomsonReuters

Supporting this shift is technology that automates mundane tax compliance work and instantly provides insights into trends that can benefit your clients. The post What to look for in a career change from accounting appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

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Steps to ensure a seamless EOFY in Xero Payroll

Xero

And a good place to start is with finalising payroll. This EOFY in Xero Payroll will be slightly different than previous years. Because of the introduction of Single Touch Payroll (STP) Phase 2 reporting. Now that you’ve made the transition, you can prepare your payroll data for STP finalisation.

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Accounting advisory: What you need to know

ThomsonReuters

This trend is picking up pace as more and more accounting firms use technology to their advantage. With APIs that can automate the entire tax compliance workflow , accountants no longer have to spend their time on manual activities like entering data, identifying blank fields, or searching for numbers that don’t add up.

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