IRIS Software Group has acquired Taxfiler, the cloud tax and accounts provider for small accountancy practices, and says it plans to integrate the acquisition with others of its products for this market to create a digital compliance solution tailored to smaller practices
Sion Lewis, CEO of IRIS Accountancy Solutions, said: ‘Taxfiler is well-established with tax agents and small accountancy practices, and provides an exciting opportunity for us to offer a new generation of professionals tax and accounts compliance in the cloud using a product specific to their needs.
‘We recognise the requirements and challenges of small practices are different to those of larger ones and look forward to simplifying the lives of more accountants to help them become more effective and productive.’
IRIS will integrate Taxfiler with KashFlow and OpenSpace to provide small practices and tax agents with what it is calling ‘a friction free, digital record compliance solution’. It says its aim is to ensure users ‘can access the best in class products to meet their evolving requirements as the industry embraces Making Tax Digital.’
IRIS is the largest of the four suppliers currently named on HMRC’s list for Making Tax Digital implementations. The others are Absolute, Forbes and Rhino.
Report by Pat Sweet