What's new in IRIS Elements

Find out about the changes we've made.

You can also check our known issues, fixes and what's coming soon.

2022 | 2023 | Jan 24 | Feb 24| Mar 24| Apr 24| May 24 | Jun 24| Jul 24 | Aug 24 | Sep 24 | Oct 24 | Nov 24 | Dec 24


July 2024

IRIS Elements Practice Management

IRIS Elements Practice Management Professional now available

We are excited to announce that IRIS Elements Practice Management Professional is now here! All features currently available are included in IRIS Elements Practice Management Professional, with the addition of the ability to synchronise data from IRIS Accountancy Suite and IRIS Elements compliance.

A big feature of IRIS Elements Practice Management Professional is the ability to run alongside your installation of IRIS Accountancy Suite. You can create smart tasks in IRIS Accountancy Suite which will synchronise with smart tasks in IRIS Elements Practice Management Professional

For a detailed breakdown of available features in IRIS Elements Practice Management Professional, go to IRIS Elements Practice Management subscription plans.

General

Help centre feedback

In our quest to make sure all provided content is as up-to-date and relevant as can be, we have launched a new feedback mechanism at the bottom of each topic:

You can now easily tell us when a topic is useful or if not, can provide extra information to allow us to correct this as fast as possible.

Welcome Hub relaunch

Following customer feedback, we have revamped our Welcome Hub, bringing the branding in line with our other IRIS Elements collateral and redesigning the structure to meet the best steps to take to get started. Check it out!

Video library launch

The first iteration of our video library is now available for you to use. We will be adding to the library, but in the meantime, you can start with:

Have an idea for another video? Tell us about it in our Ideas Portal (you'll need to register for an account if you don't have one already).


June 2024

IRIS Elements Company Formations

Introducing IRIS articles of association

We are pleased to announce, with the help of our legal team, we have created an IRIS article of association. This article sits alongside the standard Companies House article, used when forming a company.

Use IRIS articles when forming a company with one or more directors. Make sure all subscribers have agreed to the articles before submitting to Companies House.


May 2024

IRIS Elements Anti Money Laundering (AML)

We are pleased to announce IRIS Elements Anti Money Laundering (AML) subscribers can now make use of the AML usage information widget. This widget is found in the AML tab of the client record and indicates the subscribed client limit and how much has been used up. A warning is displayed when the limit is near or reached allowing you to plan ahead and upgrade before you need to.

IRIS Elements Accounts Production

Support for Limited Liability Partnerships

We are pleased to announce IRIS Elements Accounts Production Professional subscribers can now prepare and electronically file Limited Liability Partnerships (LLPs) account formats for accounting standards FRS105 and FRS102 1A. Support for both trading and dormant accounts is included, as well as a dedicated chart of accounts.

When creating accounts for LLPs, use the new Profit Share interface to distribute profit or loss between members.

IRIS Elements Accounts Production Professional - Profit Share tab - Example

Trial balance data is shared with IRIS Elements Tax when creating partnership tax returns — a subscription to IRIS Elements Tax is required.

Product subscription required: IRIS Elements Accounts Production Professional

IRIS Elements Tax

Form SA303 for reducing payments on an account

When completing the Claim to reduce payment account section in your tax return, you can now digitally complete and download the SA303 form as a PDF that you print out, sign, and post to HMRC.

Product subscription required: IRIS Elements Tax Professional

IRIS Elements Tax and IRIS Elements Tax and Accounts

Tax and accounts due date widget

Following customer feedback, we have introduced the Tax and accounts due dates widget. This widget combines the information available in your VAT obligations, Corporate tax returns, Self assessment tax returns, and Accounts widgets. All tax-related deadlines now available in a single place and help make sure that no important dates are missed.

Product subscription required:IRIS Elements Tax Essentials, IRIS Elements Tax Professional, or IRIS Elements Tax and Accounts.


April 2024

General

Document management

The document management feature of IRIS Elements Practice Management is now available to all — you can now store documents against your client's record. Clients can then access the document through the client portal.

If you already subscribe to IRIS Elements Practice Management, existing document management functionality is not affected.

Client contacts management

If you do not subscribe to IRIS Elements Practice Management, you can now grant access to the client portal to your client's primary contact. Subscribers to IRIS Elements Practice Management are not affected.

If you already subscribe to IRIS Elements Practice Management, contact management functionality is not affected.

Client portal available for all

A basic version of the client portal is now available to all users. If you do not subscribe to IRIS Elements Practice Management can now add grant access to the client portal, only to client's primary contact. In the client portal, users can download documents you have shared with them for their review and signature.

If you already subscribe to IRIS Elements Practice Management, existing client portal functionality is not affected.

IRIS Elements Accounts Production

Ability to generate basic trial balances

You can now generate a basic trial balance report from the Adjustments & Reports tab of IRIS Elements Accounts Production. This report can be downloaded as either a PDF or in Microsoft Excel® format (.xlsx).

Product subscription required: IRIS Elements Accounts Production Essentials or IRIS Elements Accounts Production Professional

Ability to generate detailed trial balances

You can now generate a detailed trial balance report from the Adjustments & Reports tab of IRIS Elements Accounts Production. This report can be downloaded as either a PDF or in Microsoft Excel® format (.xlsx).

Product subscription required: IRIS Elements Accounts Production Professional

Importing trial balances from a CSV file

IRIS Elements Accounts Production Professional subscribers can now import their trial balances as CSV files from:

  • IRIS Elements Accounts Production Essentials
  • IRIS Elements Accounts Production Desktop
  • IRIS Elements Accounts
  • IRIS KashFlow
  • Xero — Make sure the file is saved as CSV before importing

Product subscription required: IRIS Elements Accounts Production Professional

IRIS Elements Tax and IRIS Elements Tax and Accounts

Due to legislative changes, the following updates have been made:

Personal tax returns

Self-employment (SA103) section updates:

  • Accounting period
  • Capital allowances and non-taxable items
  • Add: Balancing charges and Goods for own use
  • Adjustments
  • Losses, other income and deductions

New section added:

  • Transitional profit

Partnership (SA104) section updates:

  • Trading profits
  • Balances carried forward
  • Overlap relief on untaxed income

Trust tax returns

Trade profit / loss (SA901) section updates:

  • Capital allowances
  • Accounting period
  • Basis period adjustments
  • Profit /(loss) calculation

New section added:

  • Transitional profit section

Partnership profit / loss (SA902) section updates:

  • Share of trading income
  • Overlap relief
  • Profit and losses

New section added:

  • Transitional profit


March 2024

General

Multi-factor authentication

Multi-factor authentication is now available for all IRIS Elements accounts.

Customers making use of the IRIS Elements to Xero integration must have multi-factor authentication turned on the accounts used to connect to Xero.

IRIS Elements Company Secretarial

Due to the Economic Crime and Corporate Transparency Act 2023, we have updated the forms you must submit to Companies House — AD01 and CS01.

CS01 Updates

If a registered email address was not provided when the business was originally formed with Companies House, one must be provided the next time you submit the CS01 form.

The email address entered is not saved against the client record — this is only for IRIS Elements Company Secretarial purposes. To add the registered email address for the client, go to the record's Information tab, Contact details sub-tab.

When reviewing the form before submitting to Companies House, you must also confirm the Declaration statement.

AD01 Updates

When reviewing the form before submitting to Companies House, you must confirm the Declaration statement.

IRIS Elements Company Formations

IN01 form update

Due to the Economic Crime and Corporate Transparency Act 2023, we are updating the IN01 form you must submit to Companies House:

  • You must supply a registered email address that Companies House will use for all relevant correspondence
  • You must confirm the Declaration statement before submitting the form

Ability to query the status of a submission to Companies House

The formation submission process to Companies House has been enhanced to allow you to request the status of your submission. After submitting, you can now use the Query status button to retrieve the latest status of your submission.

IRIS Elements Tax

Improved self-employed tax return data entry

You no longer need to link to a sole trader client when creating a tax return for the self-employed. When adding a Self-employment section to the SA100 tax return, you can choose between linking to a sole trade client as before, or create a stand-alone tax return.

This streamlines self-employment data entry, reduces complexity, and prevents unnecessary duplication of client records.

Product subscription required: IRIS Elements Tax (any level) or IRIS Elements Tax and Accounts

Investor relief tracking

You can now track the Investors Relief Lifetime Limit for your clients. When adding a Capital Gains section to your tax return, a new section has been added to the Business Asset Disposal Relief tab (renamed to BADR/Investors Relief), Investors Relief. Add your figures here.

Product subscription required: IRIS Elements Tax Professional

64-8 forms now available

You can now complete and download an Authorise a tax agent (64-8) form for your client. This informs HMRC that you are authorised to act on their behalf for individual or business tax affairs.

Product subscription required: IRIS Elements Tax (any level) or IRIS Elements Tax and Accounts

Amendments to previously filed CT600 tax returns

CT600 tax returns that have been successfully validated, now have a new Filing option to indicate to HMRC to process it:

  • This is an original return
  • This is an amendment to a previous filing

Amendments to CT600 tax returns that have a status of Accepted by HMRC, are automatically set to This is an amendment to a previous filing before being submitted.

Updates to the CT linking to IRIS Elements Accounts Production process

Previously, if you did not link a matching accounting period when creating a corporation tax return, to do this at a later stage, you had to delete the tax return and start again, making sure to select the accounting period from the linking drop-down. In this release, the linking, or synchronisation, process has been improved using customer feedback, so you can now go back into an existing tax return and retroactively link and synchronise the data from a matching period.

For new tax returns, if a matching accounting period is now found, the synchronisation is turn on by default so associated data is pulled into the trade pages.

IRIS Elements Accounts Production

Option to exclude accountant's report to Companies House

You can now choose whether to exclude the accountants report when submitting accounts to Companies House.

When creating an accounting period, in the Entity Setup tab, select None as the Type of independent review (defaults to Accountant).


February 2024

Role-Based Access Control

You can now control what your users can access in your IRIS Elements tenant — from a basic level of access to full administrative control. To make sure your day is not interrupted existing users are assigned the highest role, giving full administrative access to all licensed areas of IRIS Elements. If required, your system administrator can adjust assigned roles.

When added to the system, new users are assigned the lowest role until their permissions are adjusted by the system administrator.

Role-based access control is separate to our practice roles feature available in IRIS Elements Tax Essentials, IRIS Elements Tax Professional, and IRIS Elements Tax and Accounts.

Multi-Factor Authentication

Multi-factor authentication is now available for all IRIS Elements accounts.


January 2024

IRIS Elements Accounts Production

Limited by Guarantee accounts formats now available

IRIS Elements Accounts Production Professional customers can now prepare and electronically file Limited by Guarantee account formats for accounting standards FRS105 and FRS102 s1a. This includes appropriate terminology for surplus and deficit, disclosure for a Members’ liability note, and appropriate fully-tagged electronic filing options to Companies House and copies for HMRC.

Limited by Guarantee example

Product subscription required: IRIS Elements Accounts Production Professional

FRC Taxonomy report now available

When preparing accounts, you can now select the FRC Taxonomy report as the practice's default.

Product subscription required: IRIS Elements Accounts Production Essentials or IRIS Elements Accounts Production Professional.