Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.
Law change will allow for e-signatures on tax returns
Posted on 5-Jun-2016 18:22. | Tags Filed under: News.



The passing of legislation that will allow Inland Revenue to accept electronic signatures will free up accountants and others from an outdated system.

 

The Taxation (Transformation: First Phase Simplification and Other Measures) Bill, which passed its third reading in Parliament last night, simplifies convoluted and taxing administration for small business owners and regular taxpayers.

 

A major proponent of this legislation is that it will allow better use of digital technologies by permitting documents to be filed with an electronic signature.

 

Xero’s Tax Product Manager, Jason Langworthy, says the upcoming law-change will be welcome news.

 

“Getting things physically signed is a time-consuming process; the most common alternative for small business owners is to scan and email their signatures, which isn’t much better.

 

“Quick turnaround of signed documents will eliminate a lot of delays on jobs and pressure at the end of the month.”

 

In line with this move by the Government, Xero has developed a new eSign function in Xero Tax (powered by Adobe Sign, the world’s largest e-signature provider) that allows income tax and GST returns to be sent to accountants’ clients for signing electronically, before being automatically sent on to Inland Revenue, cutting out any further intervention and saving valuable time.

 

Xero and Xero Tax simplifies compliance, giving accountants and small business owners the tools they need to save time and add more value. Xero Tax and the eSign capability can be accessed anytime, on any device, and is quick, painless, and secure.

 

eSign will be available to all accountants using Xero Tax as soon as the law changes come into effect and Inland Revenue begins accepting electronic signatures.

 




comments powered by Disqus




Trending now »

Hot discussions in our forums right now:

Gareth Morgan is a genius
Created by Satch, last reply by JayADee on 10-Dec-2016 13:58 (174 replies)
Pages... 10 11 12


NZ Prime Minister John Key Resigns
Created by ajobbins, last reply by networkn on 10-Dec-2016 11:10 (219 replies)
Pages... 13 14 15


The President Of The USA - Who do you think?
Created by TimA, last reply by DarthKermit on 8-Dec-2016 16:22 (909 replies)
Pages... 59 60 61


Spark wireless broadband and home /lan access: CGNAT limitations
Created by yokkem, last reply by BarTender on 8-Dec-2016 15:57 (19 replies)
Pages... 2


Spark not planning to deploy native IPv6 at all. Ever.
Created by Erayd, last reply by sbiddle on 7-Dec-2016 20:57 (19 replies)
Pages... 2


Woooaaahh earthquake 2016-11-14
Created by Fred99, last reply by DarthKermit on 9-Dec-2016 16:16 (471 replies)
Pages... 30 31 32


Wilson's Car Park - When Free is not free
Created by nzkiwiman, last reply by cr250bromo on 9-Dec-2016 09:30 (51 replies)
Pages... 2 3 4


JB Hifi Cost & GST Sale - 7th Dec
Created by Finch, last reply by Kopkiwi on 7-Dec-2016 15:11 (16 replies)
Pages... 2