Xero News

Last week's Budget saw a tightening of tax rules for holiday homes, boats and planes.

BUSINESSDESK: Xero has launched a payroll service for customers in Australia, 10 months after acquiring the Paycycle business across the Tasman for $A1.5 million in stock and cash.

It is not uncommon for New Zealand-developed software to be bought up and marketed by United States companies, but Indigo Software has done the reverse.

The NZX and Xero, along with Cameron Partners and Bell Gully, held a "Masterclass" on IPOing in NZ on Wednesday.

Online accounting software start-up Xero's annual net loss swelled 5 per cent to $7.9 million even as its annualised committed revenue rose 82 per cent to $25.5 million and customer numbers more than doubled.

The NZX 50 Index fell 14.01 points, or 0.4%, to 3496.18. Within the index, 24 stocks fell, 16 rose and 10 were unchanged.

Online accounting software solution Xero was named "Top Business Solution" as well as receiving the highest industry accolade of "ICT Excellence Award" at the 2012 CeBIT awards in Sydney.

Xero, online accounting software , announced today that it has acquired WorkflowMax , a full practice management suite.

May 23, 2012 -- Unleashed has launched their new inventory management system revolutionizing the way businesses use and navigate through their daily tasks.

Even though construction of the $3.5billion ultrafast broadband network has only just started, controversy is already raging over what might cause it to flop.