IRIS Elements Tax and Accounts is a suite of cloud-based practice compliance essentials enabling accountants to file accounts and tax returns to Companies House and HMRC. Inspired by Taxfiler, there are built-in calculators to help with capital allowances, chargeable gains and averaging.
IRIS Elements Tax and Accounts increases your practice productivity – and helps you get it right first time, every time.
A fully integrated solution from as little as £10 per month
Integrated into the IRIS Elements platform and pivoting around a single client record, the suite consists of:
- Tax solutions for self-assessment (individuals, partnerships and trusts)
- Corporation tax
- VAT bridging solution and
- Simple accounts production capable of generating and filing final/statutory accounts for small entities including sole traders, partnerships, LLPs and Limited companies.
All approved returns can be submitted directly to HMRC using your agent credentials, and the submission receipt will be stored as proof of filing.
Quickly and easily prepare final accounts from trial balance, using simple manual entry or importing figures from bookkeeping software. Submit iXBRL-tagged accounts directly to Companies House. Includes full support for small companies, micro-entities, LLPs, sole traders and partnerships.
Complete corporation tax returns quickly and easily. Generate fully tagged iXBRL computations and submit them to HMRC.
A simple and intuitive interface for quick and easy preparation of tax returns and all supplementary pages. Includes built-in calculators and detailed reports to share with your clients.
Transfer the profit and loss account and balance sheet from Accounts Preparation or import from external bookkeeping software. This facilitates the easy allocation of profits to partners, plus you can link to the relevant partner’s individual record.
Trusts and Estates
Select from a variety of trust types including charitable and non-residents trusts. Any tax payable will be calculated, including any tax due on discretionary payments. R185 forms to be distributed to beneficiaries as required.
A simple bridging solution that helps you comply with the requirements of MTD. Easily transfer data from spreadsheets or bookkeeping solutions via digital links.
All from £10/ month with 10% discount for Solo, Pro and Teams if you sign up for a year.
All plans include cloud storage, comprehensive online help, one platform with one client list and online email support.
All plans include cloud storage, comprehensive online help, integration with other IRIS Elements products and online email support.
Elements Tax & Accounts allows multiple users to access the same database concurrently. You must purchase a licence for each user who will access the system. We have customers with multiple offices, who have dozens of users, and process thousands of returns per year using our online services.
All communication with our servers is via secure HTTPS/SSL and we use verified SSL certificates with a full 2048 bit key, which is the latest recommended level of encryption. This ensures our servers are as secure from eavesdropping as we can make them.
Our servers are hosted in secure UK data centres and all data is safeguarded behind a multi-layered firewall. Each of our customers has their own set of database files ensuring that client information for one agent is not visible by another. Database backups are encrypted.
We review server and data security on a regular basis and ensure all our systems are updated as necessary.
You can make use of our CSV data import facility that allows the import of client static information. There’s a help guide here.
We don’t have the ability to convert tax return data from other tax software suppliers.
Please also note that any data conversion utility will not convert all the data as all data is held and processed differently. The only system that should be used for any HMRC investigations is the system you filed the return from.
All outputs (tax returns, computation, schedules, reports, etc.) can be downloaded in PDF format to your local computer. These can be stored, emailed or printed but remember to keep downloaded PDFs secure.
We have a declaration from that you can download or print after you have prepared the return for filing. Alternatively, if you have IRIS Elements Practice Management, you can use the client portal to agree sign off.
Yes. There is a full automatic roll-forward facility that copies all the relevant static information when you create the new tax return. This allows you to enter any new data (dates, amounts, etc.) as required.
Yes. Included in the software at no extra costs is the FTSE350 dividend feed. This allows the user to quickly input the client’s dividend income based on their shareholdings without looking externally. This is available for SA100 returns only.
Yes. We provide support by email only and endeavour to respond within 2 hours during business hours (9am to 5pm Monday to Friday). This allows us to keep costs down and we pass these savings onto our customers.
There is also an online Help Centre that will help answer your questions.
Yes, Tonnage Tax, CT600(F), Ringed Fenced Trades CT600(I) and Restitution Tax CT600(K).