Knowledge Base Articles

We don't just deliver on our promise to create powerful management products, we ensure you're equipped with the knowledge needed to tackle every business challenge.

Knowledge Base

2973 articles

personal-tax-period-reform-sole-trader-changed-to-partnership-get-zero-transitional-profits-why

Personal Tax- Period Reform: Sole trader changed to Partnership, get ZERO Transitional Profits, why?

This is a confirmed DEFECT- If you have Sole trader which changed to a Partnership (look at the Related/Involvements/ Partner…

business-tax-rd-sme-hotfix-release-dec-2024

Business Tax- R&D SME HOTFIX release DEC 2024

This IRIS hotfix resolves these three issues where: a) R&D SME extra tick boxes are missing, b) Company losses do…

business-tax-investment-company-corporation-tax-at-25-not-19

Business Tax- Investment company, corporation tax at 25% not 19%

If you are preparing a corporation tax computation for a small company which has consultancy income and some investments, there…

personal-tax-period-reform-spread-transition-profit-as-arising-difference-fps16-1-minus-fps16-2-must-be-greater-than-zero

Personal Tax- Period Reform: Spread Transition Profit as Arising, Difference FPS16.1 minus FPS16.2 must be greater than zero

You get this warning above when generating a Tax Return as this is because PT is missing date data Load…

trust-tax-you-have-reached-your-license-package-limit-select-client-that-has-data-entered-for-current-year

Trust Tax- You have reached your License Package Limit. Select client that has data entered for current year

Trust Tax has TWO license checks running at the same time: How many registered/active clients you have running. For example…

business-tax-client-warnings-system-info-client-has-no-chart-connection-or-parameters-invalid

Business Tax- Client warnings 'System info', client has no chart connection or parameters invalid

When you load a Partnership etc in Business Tax OR you created it directly in BT (and not used Accounts…

personal-tax-iris-transitional-profits-calculates-through-days-method-not-months-or-weeks

Personal Tax- IRIS Transitional Profits calculates through 'Days' method not Months or Weeks

IRIS Transitional Profits only calculates through Days method not Months or Weeks This issue has been raised with the Development…

personal-tax-period-reform-profit-or-loss-of-the-transitional-partfse73-1-is-present-so-sa103f-overlap-relief-not-previously-deducted-on-a-change-of-accounting-date-should-be-absent

Personal Tax- Period Reform: Profit or Loss of the transitional part[FSE73.1] is present so [SA103F Overlap relief not previously deducted on a change of accounting date] should be absent

SA100: Sole trade validation appearing – where there is a sole trade with no transition profits with the overlap is being…

personal-tax-incorrect-calculation-of-basis-period-incorrect-year-end

Personal Tax- Period Reform: Incorrect calculation of Basis period (incorrect year end)

There are instances where the Personal Tax basis period calculation is incorrect as it should be 12 months from the…

business-tax-rd-additional-information-form-tick-box-is-missing-box-660

Business Tax- R&D SME Missing Tick boxes like Additional information (box 660)

This affects IRIS version 24.3.0, when entering R&D SME enhanced expenditure for a client, it is not automatically filing out…