Why Xero software is good for associate dentists
If you are an associate dentist, here are the top 3 reasons why Xero helps with your tax and accounting.
1. No more downloading and forwarding of your bank statements
Bank statements are automatically fed in to Xero via a secure connection. With all your transactions at our fingertips, we can quickly categorise your spending, and check back with you with queries on anything a little more complicated. It saves you sending us any paperwork and lets us get on with preparing your accounts and tax return as soon as your accounting year ends. Bank feeds are now provided by all major banks, and credit cards.
2. Make faster decisions
As the data we have is live, we can assist you in making informed decisions. Get your tax return done sooner so that you know well in advance how much you'll have to pay. You can even ask us for an estimate during the year of what your tax will be, allowing you to plan for the longer term.
3. Compliant software
Xero is ready for the Making Tax Digital changes. Making Tax Digital is the government's plan to make all tax reporting completely digital. Within the next few years, all accounting records will have to be kept digitally. By using software that's constantly being improved and updated, you don't need to worry about major changes to tax filing, because we and Xero have already planned for it.
The engine of SmallBiz Accounts
Xero is at the heart of our business. It is the only accounting software we work with. All the staff have been trained as Xero certified and our systems have been built around Xero. If you want to work with us you will need to have your accounting data with Xero. We will set it up for you and then its up to you whether you use it, or just leave it all to us.