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Is iris worth it for 5 tax returns each year?

5-10 tax returns to complete, is the cost worthwhile? If not what other software is worth the cost?

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I complete a few tax returns each year amd was wondering if the cost if IRIS is excessive for just a hand full of tax returns? Also I am a soletrader so need to know if submitting accounts/personal tax returms is possible?

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By Moonbeam
04th Nov 2021 18:58

Xero now offer personal tax returns and company tax returns if you set up as an accountant with them, and I think it's free of charge. But you'd have to have clients on Xero as well. As long as your tax returns were quite simple it would be worth a go.

I'm a big fan of Taxfiler, which is a reasonable price if you've got more than a handful of tax clients. And their offering is bound to be better than anything you can get for free.

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By Leywood
04th Nov 2021 19:22

Alawaccount wrote:

Also I am a soletrader so need to know if submitting accounts/personal tax returms is possible?

Surely that depends on your practice licence.

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By AdamMurphy
04th Nov 2021 20:48

For 5-10 you may as well just be using the HMRC website

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By GHarr497688
04th Nov 2021 21:55

too small for IRIS

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By tltodman
04th Nov 2021 23:20

If you don't fancy the HMRC offering then look at TopUpTax - £5 a return but you have to buy in blocks of 5 (ie min payment of £25 plus VAT)

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By sarahg
05th Nov 2021 07:50

Are you able to file? What does your Institute say?

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By ireallyshouldknowthisbut
05th Nov 2021 10:04

Do you have practicing certificate with the main bodies?
if not don't overlook the need to be registered with HMRC for money laundering.

Part time practices doing 5 returns a year don't really work anymore. Overheads are too high.

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