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As a valued client who uses Xero to prepare their GST returns, we would like to let you know of an update to the Xero GST report. From 11 November 2013, the GST report will automatically update to the new version (unless you have outstanding invoices at the old 12.5% GST rate).
For details of the updates made, please click on the following link which will take you to the Xero Blog page:
http://blog.xero.com/2013/09/updated-gst-return-for-new-zealand/
We recommend for all clients that you select "Save Final" once you have completed each GST return and are ready to forward it to the IRD. This ensures that any late changes made to transactions will be recorded in the next GST return. This can assist us when preparing your end of year accounts and reconciling the GST transactions.
If you would like any further information or know someone who would like a Xero demonstration, please do not hesitate to contact us.
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