Learn more about IRIS Business Tax
You can complete tax returns with ease, with almost no data entry. This reduces the time spent on low-value compliance work. It effortlessly prepares the tax computations for limited companies, partnerships and sole traders. Rest assured when filing tax returns to HMRC; with a 98% acceptance rate, there's little need for corrections.What IRIS Business Tax can do for you:
It becomes quick and easy to complete tax returns and computations with this product. There’s almost no data entry required as all data is drawn from the clients’ accounts and addbacks are made automatically. Mapping allows for individual addbacks to be made on a client-by-client basis or globally across all clients and then remembered year on year.
IRIS Business Tax provides instant solutions for:
Comprehensive capital allowances and capital gains calculations and tracking.
Managing client share and asset portfolios.
Business tax computations for corporate, partnerships and sole traders.
Giving you interactive CT600s, allowing the CT600 to be edited directly from the onscreen preview.
Key Features
Compliance
iXBRL compliant providing you peace of mind in knowing all submissions made meet HMRC requirements.
Fully integrated
Compliance work is easy and efficient thanks to integration with IRIS Accounts Production, IRIS Personal Tax, IRIS Trust Tax and the IRIS Dividend Service. This allows the data to be shared seamlessly removing the need to rekey any data, saving time and reducing the risk of error.
Quick and easy
Tax Return approval is quick and easy with IRIS OpenSpace, enabling easy communication with clients. This is extremely important when approaching the January deadline. Easy navigation of the product and quick access to the right data entry field is enabled through Interactive CT600s which allows the CT600 to be edited directly from the onscreen preview.
Automation
No time-consuming manual tax calculations are required as Business Tax automatically carries out all tax calculations using the data already entered. No manual intervention is required in producing a compliant iXBRL Tax Computation. This gives you fully automated iXBRL tagging for greater productivity and automated apportionment for extended period computations. No separate tools or software are required to handle the split of values between multiple trades, as these are all dealt with in Business Tax.
Support
IAS – End of Life for SQL 2008 and 2008R2
IAS-71022 : IRIS Accountancy Suite Migration Guide
HMRC have not updated their servers to take into account the AIA increase
Excess management expenses carried forward box is not populating
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