Taxlab is for advisors who are looking for a modern, fast cloud based tax solution as part of their practice management solution. It covers integrated income tax return workpapers, e-filing, provisional tax/activity statements, imputation/Franking accounts, IFRS and local GAAP deferred and current tax provision accounting and FBT.
TaxLab + Xero
You can import a client’s trial balance quickly and easily from Xero, and Taxlab will instantly update tax and accounting workpapers, reports and return disclosures saving time and removing the inherent risks of excel.
There is no complicated integration process – you simultaneously connect to the Xero organisation the first time you import a trial balance from the accounts screen in Taxlab. The data flows one way, from Xero into Taxlab. Once connected, you control when the data is updated in Taxlab by clicking import to update your data as needed.