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IRIS Business Tax Knowledge Base

181 articles

ias-12702

IRIS Business Tax, IRIS Business Tax – AiB

Business Tax- 3001 4082 4065 Invalid Data Entry 'TaxReference' element is invalid

This is normally linked to the Group and Consortium section - please do the following in Business Tax: 1.Go to…

ias-12697

IRIS Business Tax

How to setup a company for property letting?

To setup a Property Letting Company please do the following in Accounts Production or Business Tax: -Go to Client in…

ias-12688

IRIS Business Tax

Business Tax: Partnership Turnover (3.24/3.23) multiply by 356 days must be less than £85,000

This is a HMRC restriction. They require a full Partnership Tax return. Please do the following to resolve this issue…

ias-12659

IRIS Personal Tax, IRIS Business Tax, IRIS Trust Tax

Business/Personal/Trust: Tax User has reached License Package Limit or how to Unregister/Archive clients

Why unregister/archive client in IRIS Accountancy? You are no longer the accountant for your ex-client and they have moved on,…

ias-12647

IRIS Business Tax, IRIS Business Tax – AiB

Business Tax- Invalid Data Entry: Franked Investment Income, the value is invalid or 3001 4085 4052

It may also show as error 3001 4085 4052. This is linked to a franked investment entry with penny values.…

ias-12643

IRIS Business Tax, IRIS Business Tax – AiB

Where to make an entry for Lease Premium?

To make this entry please do the following in Business Tax: - Go to Edit in the top left-hand corner…

ias-12639

IRIS Business Tax

Actual length is greater than the maximum length invalid data entry company name

This message indicates that the name of the company has too many characters that is including spaces therefore needs to…

ias-12617

IRIS Business Tax

Where to make an entry for management expense?

To make an entry for management expense please do the following in Business tax: - Data entry - Calculation -…

ias-12591

IRIS Business Tax

Business Tax- How to Enter 51% companies for CT600, Box 625?

There are different steps based on dates due to HMRC updating the rules: Pre 2023 and Post 2023 Pre 2023…

ias-12573

IRIS Business Tax

Can I offset trading losses against Investment Income

To offset trading losses against Investment Income Could you please do the following: - -Go to Edit - Losses -…