Coming soon in IRIS Elements
IRIS Elements Accounts Production
Coming soon for all subscription editions:
Journals improvements — We are increasing the number of journal adjustments from 50 to 200 entries.
Product subscription required:IRIS Elements Accounts Production
Coming soon for IRIS Elements Accounts Production Professional and above:
iXBRL tag editor — Ability to edit and apply appropriate taxonomy tags directly to reports, including appropriate error handling to improve acceptance rates at both Companies House and HMRC.
Product subscription required: IRIS Elements Accounts Production Professional
Coming soon for IRIS Elements Accounts Production Enterprise only:
International Financial Reporting Standards (IFRS) templates — We are adding templates to support limited companies in adopting International Financial Reporting Standards.
Product subscription required: IRIS Elements Accounts Production Enterprise
IRIS Elements Tax
Coming soon for all subscription editions and IRIS Elements Tax and Accounts:
- Practice roles integrations — This enhancement will integrate the practice roles functionality, so you'll only see the clients that are assigned to you. This will reduce clutter and improve visibility.
- Create links between partnerships and trusts when creating SA800 tax returns — When creating a tax return for trusts, the Partnership section will be automatically created and populated.
Product subscription required: IRIS Elements Tax (any level) or IRIS Elements Tax and Accounts
Coming soon for IRIS Elements Tax Professional only as well as IRIS Elements Tax and Accounts:
- Automatic AIA calculations — To alleviate the administrative challenges associated with completing a tax return, where assets have been identified as qualifying for AIA, the system will automatically compute the applicable AIA amount and populate the tax return, streamlining the entire process.
Product subscription required: IRIS Elements Tax Professional or IRIS Elements Tax and Accounts.
Coming soon for IRIS Elements Tax Enterprise only
- Ability to declare corporation tax on restitution interest — A new section in the Data Entry tab for corporation tax returns will be made available to Enterprise subscribers to populate the CT600(K) form.
Product subscription required: IRIS Elements Tax Enterprise
IRIS Elements Time and Fees — New!
A new add-on for IRIS Elements Practice Management Professional subscribers will soon be available.
Providing time recording facilities, subscribers will be able to record time spent on both chargeable and non-chargeable work, and any related expenses.
Product subscription required: IRIS Elements Time and Fees, and IRIS Elements Practice Management Professional or above