IRIS Elements Tax and Accounts

IRIS Elements Tax and Accounts is a tax software solution designed to streamline tax processes and ensure compliance for accountancy firms and professionals. This software is tailored for start-up, small, and medium-sized practices in the accountancy industry. It caters to a wide range of professions and industries, including accountancy firms, accountants, tax professionals, financial consultants, and small and medium-sized businesses.

Key Features

Tax Returns: According to the vendor, users can prepare tax returns for individuals, partnerships, and companies with a clean and intuitive online interface.

Tax Computations: The software includes built-in calculators to perform accurate tax computations and calculations.

Direct Submissions: Users can seamlessly submit tax returns directly to HMRC for efficient processing.

Data Retrieval: According to the vendor, the software can retrieve personal data from HMRC, saving time and reducing manual data entry.

MTD Compliance: The software is compliant with Making Tax Digital (MTD) requirements, according to the vendor.

VAT Filer: Users can connect directly to HMRC APIs and submit VAT returns easily, as claimed by the vendor.

Supported Returns: In addition to Tax Essentials, the software supports various tax returns such as SA102M, SA102MP, SA102MS, SA102MLA, SA102MSP.

Supplementary Pages: The software allows the inclusion of supplementary pages like CT600B, CT600D, CT600E, CT600H, CT600J in tax returns.

Automatic Capital Allowance Calculations: According to the vendor, the software performs automatic capital allowance calculations, simplifying the process for users.

Integrations: The software seamlessly integrates with KashFlow, Xero, Quickbooks, and HMRC APIs, enabling users to import data for enhanced efficiency and accuracy.