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Any default tax rates will continue to default to 8% until you update them. On 2 January 2024, we'll introduce a new button at the top of your Chart of Accounts page, called ‘Update to 9% defaults’.Xero is an accounting software solution that provides a suite of features that are designed to help businesses-of-all sizes maximise their financial success.Jan 2, 2024 · Xero is a cloud-based accounting software product that’s easy to use and integrates with more than 1,000 apps. It’s less expensive than competitors like QuickBooks Online and doesn’t charge ... Xero is a global small business platform that connects you to all things business. Our online accounting software links your business data with your accountant or bookkeeper, your bank, and it ... 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