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The Business Advisory Blog

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Insight, news and updates from Alliott NZ Chartered Accountants, Auckland New Zealand. The views expressed here are the views of the author and should be discussed in further detail should an article be relevant to your individual circumstances.

While every effort has been made to provide valuable, useful information in this publication, this firm and any related suppliers or associated companies accept no responsibility or any form of liability from reliance upon or use of its contents.  Any suggestions should be considered carefully within your own particular circumstances, as they are intended as general information only.

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File GST returns straight from Xero

Written by Anthony McIlroy on August 2nd, 2016.      0 comments

GST-916Now you can do your GST returns in Xero and send them straight to NZ Inland Revenue electronically. No more filling out a form online; nothing to print, sign or post.
 

Most GST filers are eligible

You’re eligible for Xero’s eGST if you’re authorised to file GST returns for your business and you’re a registered myIR user.

Xero takes care of GST whether you normally file a GST only return, or a combined GST plus provisional tax return. You just need to choose your provisional income tax method in Xero. If you’re not sure which kind of return the IRD is expecting you to file, check with Alliotts.
 

Make sure you get it right!

The efficiency benefits of eGST are exciting for those Xero users who are eligible but, at the same time, we caution that you file all information correctly.

The Inland Revenue’s interest and penalties regime is prohibitively expensive if you get it wrong. If you are concerned you may get it wrong or regularly have tricky or complex transactions ask us to review your GST at GST time.
 
Contact us now for a free trial and to speak to one of our Xero certified advisors about how to get the most out of Xero for your business.

Source Xero
Topics: Gst , Xero
 

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