IRIS Elements Tax & Accounts

Tax filing and accounts made simple

Review and file tax returns to HMRC and Companies House and use our built-in calculators to help with capital allowances, chargeable gains, and averaging.

IRIS Elements Tax and Accounts currently allows filing for the following types of tax return:

  • Corporation tax

  • Individual tax

  • Partnership tax

  • Trust tax

  • Form R40

Integrated into the IRIS Elements platform and pivoting around a single client record, the suite consists of:

  • Tax solutions for self-assessment (individuals, partnerships and trusts)

  • Corporation tax

  • VAT bridging solution

  • Simple accounts production, capable of generating and filing final/statutory accounts for small entities including sole traders, partnerships, LLPs and Limited companies.

All approved returns can be submitted directly to HMRC using your agent credentials. Submission receipts are stored as proof of filing.

Accounts Preparation

You can quickly and easily prepare final accounts from trial balance, using simple manual entry or by importing figures from bookkeeping software. Submit iXBRL-tagged accounts directly to Companies House. Includes full support for small companies, micro-entities, LLPs, sole traders and partnerships.

Corporation Tax

Complete corporation tax returns quickly and easily. Generate fully-tagged iXBRL computations and submit them to HMRC.

Personal Tax

A simple and intuitive interface for quick and easy preparation of tax returns and all supplementary pages. This includes built-in calculators and detailed reports to share with your clients.

Partnership Tax

Transfer the profit and loss account and balance sheet from the Accounts Production module or import from external bookkeeping software. IRIS Elements makes it easy to allocate profits to partners, plus you can link to the relevant partner’s individual record.

Trusts and Estates

Choose from a variety of trust types, including charitable and non-residents trusts. Any tax payable is calculated, including any tax due on discretionary payments. R185 forms can be distributed to beneficiaries as required.

VAT Filer

A simple bridging solution that helps you comply with the requirements of Making Tax Digital (MTD). Easily transfer data from spreadsheets or bookkeeping solutions via digital links.

Introducing IRIS Elements Practice Management

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