Xero

FEBRUARY 26, 2025

In April 2026, Making Tax Digital for Income Tax (MTD for IT) will be introduced, and its set to shake up the record keeping, reporting and tax requirements for self-employed people and landlords. Streamlined compliance with Xero Tax: Take control of accounts and tax returns ( Learn more about Xero Tax here.) Whats next?

XERO 244

XERO Tax Bank Reconciliation Bookkeeping 244

Xero

MARCH 25, 2025

Double-check payroll reportings Review key reports like the P32, P11s, Gross to Net, and Account Transactions to ensure your posted pay runs are reconciled. If you’re in the construction industry, don’t forget to review and reconcile your Construction Industry Scheme (CIS) Suffered report for the tax year.

XERO 140

XERO Payroll Tax Corporation Tax 140

Counto

APRIL 13, 2025

Bonuses and Additional Wages Record all year-end bonuses, including Annual Wage Supplement (AWS) Confirm payment dates bonuses paid after 31 Dec 2024 fall into YA 2026 Ensure CPF is applied correctly Additional Wages are subject to a separate CPF ceiling Reconcile year-to-date bonus payments to avoid excess or missed CPF 2.

Payroll 52

Payroll Reconciling Deposits Computation 52