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Software Review – Xero Tax

Andy Asiandi, (Payneham, SA) reviews the Xero Tax software.

XERO Tax advantages:

  1. Free for Bronze Partners.
  2. Xero tax returns integrate nice and easily with the ledger software (which is important as over 900,000 Australian businesses now use XERO for their bookkeeping and payroll).
  3. Since 1 July, prefill available (Including Private Health Insurance).
  4. Ease of use, you can access it anywhere with any computer/device.
  5. Great report presentation.
  6. E-sign (at extra cost) and paperless.

XERO Tax disadvantages:

  1. Doesn’t have the ability to create a client whilst in the ATO prefill.
  2. Tax preparation is only available for 2014 – 2019 tax returns.
  3. Amendments can be a bit tricky and not straight forward.
  4. Can’t delete duplicate client (Only archived).
  5. Technical support only via email or message (Slow response).
  6. Since its cloud based, there is the risk of having your client’s data lost.
  7. Lack of note explanation during assessment for future reference.