Coming soon in IRIS Elements
Learn about new features that we're working on.
IRIS Elements Anti Money Laundering
- Risk assessment notifications — In product notifications to let you know when a risk assessment has been submitted for review. These notifications will only appear for Owner, Administrator, and MLRO users.
Product subscription required: IRIS Elements Anti Money Laundering
- Biometric ID checks
Integration with Veriphy™, to offer Al powered ID checks that allow you to verify your client’s identity using biometric data, including facial recognition, document capture, and liveness appraisal.
This new feature helps you prepare to meet Companies House identity verification standards, ahead of the upcoming changes to the Economic crime and corporate transparency Act (ECCTA) (external link).
Product subscription required: IRIS Elements Anti Money Laundering Checks
IRIS Elements Accounts Production
Coming soon for all subscription editions:
- Accounts Builder improvements
- Following customer feedback, we are redesigning the navigation of the data screens (currently known as sections). This will speed up access to the specific screen required.
Product subscription required: IRIS Elements Accounts Production (any level)
Coming soon for IRIS Elements Accounts Production Professional only:
- Journals improvements — We are increasing the number of journal adjustments from 50 to 200 entries.
Product subscription required: IRIS Elements Accounts Production Professional
Coming soon for IRIS Elements Accounts Production Enterprise only:
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FRS102 — We are adding templates to support Limited Companies, Limited Liability Partnerships, and Community Interest Companies adopting accounting standard FRS102.
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