Accountants in business

IRIS Tax Solutions

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You can be confident that IRIS Tax Solutions will reliably handle your corporation tax requirements

IRIS tax software solutions are integrated with the IRIS Accountancy Suite for accounts, company administration and practice management, offering maximum efficiencies and no data needs to be re-keyed.

IRIS Business Tax preparers the tax computations for limited companies, partnerships and sole traders with ease; wholly and partially disallowed accounts are flagged within the database and automatically treated correctly. When used in conjunction with IRIS Accounts Production significant time savings can be realised by minimising data entry and ensuring consistency between your tax and accounts work.

Fast completion of returns for non-resident limited companies liable for UK tax is also available with the IRIS Non-Resident Limited Company module.

Overview:

Seamless Integration

Increase productivity and save time with our true-integration of products built around a centralised database. This means no re-keying of data, reducing errors and ensuring that your information is more accurate.

  • IRIS Business Tax - Complete tax returns with ease, requiring almost no data entry as wholly or partially disallowed accounts are flagged within the database and automatically treated correctly
  • IRIS Fixed Asset Register - Manage fixed assets throughout their lifetime with IRIS Fixed Asset Register
  • IRIS Non-Resident Company Returns - IRIS Non-Resident Limited Company Returns supports fast completion of returns for non-resident limited companies liable for UK tax 
  • IRIS Dividend Service - Instant access to all dividend information and automatic transfer to tax return modules
  • IRIS Trust Tax - Easily complete all trust and estate tax returns and file online with IRIS Trust Tax

Compliance

Removes the stress of ensuring that you are up to date with the latest legislation due to regular updates to keep you compliant.

Confidence

You can rest-assured when filing tax returns to HMRC with an impressive 98% acceptance rate, reducing the need for corrections and amended returns. 

Key Benefits:

IRIS Business Tax:

Multiple trade capability
Handles group relief and the allocation between companies
Interactive CT600s allowing the CT600 to be edited directly from the onscreen preview
Tax return can be filed online at the touch of a button
iXBRL compliant computations are automatically generated with no user intervention
IRIS Fixed Asset Register 
Quick asset creation by importing from csv file, amend and update assets using the on-screen browser 
Eliminate manual intervention in calculating depreciation, lease, hire purchase liabilities and finance charges
  • Corporation tax computation includes apportionment over fiscal years, marginal rate relief, capital gains calculations and losses carried forward/back 
  • Comprehensive capital allowance calculations
  • Multiple trade capability
  • Handles group relief and the allocation between companies
  • Interactive CT600s allowing the CT600 to be edited directly from the onscreen preview
  • Tax return can be filed online at the touch of a button
  • iXBRL compliant computations are automatically generated with no user intervention

IRIS Fixed Asset Register: 

  • Quick asset creation by importing from csv file, amend and update assets using the on-screen browser 
  • Eliminate manual intervention in calculating depreciation, lease, hire purchase liabilities and finance charges
"One of our main goals was to reduce routine tasks and eliminate unnecessary administration time. We implemented a number of modules, including IRIS Accounts Production and IRIS Business Tax. The biggest benefit of all has been time saving, across all of the packages. Because the software links to the database, you only ever have to enter data once and administrative tasks, are dealt with at the click of a button. So far, every single module has exceeded our expectations”
Jonathan Baggot, Managing Director
Stephenson Sheppard & Co
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