Handles the mundane work involved in producing returns and
reports
With IRIS Personal
Tax, each return includes the attached schedules for employment,
partner and self-employment as required. You simply enter dividends
received against each dividend payer and details of income and
expenses for rental property. IRIS will automatically calculate
capital gains tax, basis period adjustments, foreign tax credit
relief, excluded income and top slicing relief. Data is also
validated at source, catching time-wasting errors, such as
incorrect date formatting.
View the total picture on your Personal Tax work
IRIS Personal Tax helps you to coordinate all your clients'
interests. You can readily view by current client, all clients, or
all companies in a way that is simply not practicable with manual
processes.
Deliver 'added value' service
A personal pension planner computes the relief for
both retirement annuities and personal pension contributions. You
can meet clients' concerns about the future by plotting the impact
of different pension scenarios. In doing so, you can offer
proactive service to differentiate your business and reassure
clients that you are looking after their interests.
Automates and prompts client involvement
P11D forms are produced for clients and for the employees of
business clients. At the start of the tax year, an automatic print
run produces checklist letters for every client, listing the
previous year's entries and inviting the client to write in this
year's figures.
FBI included as standard
While our
competitors often make an additional
charge, IRIS Personal Tax includes Filing By Internet (FBI) as
standard features for submitting tax returns to HMRC. An
easy-to-follow interface makes subsequent tracking simple and
straightforward. Managers and staff can click in and out of clients
to see at a glance which returns have been submitted, accepted and
rejected, or to run reports.
Like all IRIS tax products, IRIS Personal Tax now handles
multiple agents from a single practice. Major government
initiatives are set to bring radical changes to electronic filing.
Whatever developments are announced in the months ahead, with IRIS
you have a partner with a strong track record of being at the
forefront in this area.
