Key features of corporation tax software for accountants
For accountants, effective corporation tax software is essential to making corporation tax returns easy to handle – both at speed and at scale.
We’ve written about why accountants should use corporation tax software, and how to go about picking the right package for your firm, but in this article we’re going to dive deeper into the features you can expect good corporation tax software to come with.
Let’s walk through the essential elements, using Capium’s corporation tax module as an example throughout.
What is corporation tax software designed to do?
As a reminder, at its core, corporation tax software is built to simplify the preparation and submission of tax returns for your corporate clients. It automates repetitive tasks, integrates with other accounting tools, and ensures that every submission complies with the latest regulations.
Essential features of corporation tax software
Here’s what to look for when choosing the best corporation tax software for your firm:
1. Automated tax calculations and filings
Automation is the backbone of good corporation tax software. By automating calculations, you minimise the risk of errors and save valuable time that can be redirected elsewhere. With Capium, you benefit from:
Accurate tax calculations: The software automatically applies the latest tax rules and updates, ensuring that your submissions are always compliant with current regulations
Auto-iXBRL tagging: our auto-iXBRL tagging tool comes standard with our corporation tax software
Effortless filings: submit CT600 forms directly to HMRC without leaving the platform, including adding supplementary pages A-J to your submissions
Pre-submission checks: if the software detects discrepancies in your calculations, it flags them early, giving you time to make corrections before submission.
2. Seamless integration across systems
To maximise efficiency, your corporation tax software should integrate seamlessly with your other accounting tools – as well as directly with HMRC. This prevents data duplication, improves accuracy, and simplifies the workflow.
For our own corporation tax software, we’ve built in features that prioritise:
Smooth data transfer between modules: information flows seamlessly between Capium’s bookkeeping, accounts production, and corporation tax modules, eliminating the need for repetitive data entry and keeping everything within the same ecosystem
Direct integration with HMRC: submit returns with ease and track their status in real time through live HMRC feedback, directly from the corporation tax software.
3. Customisable reporting tools
Every client has unique needs, and your corporation tax software should reflect that. As well as allowing your team and clients to have access to the same data, at the same time, from any location, Capium’s reporting features let you:
Generate bespoke reports: highlight specific financial details or tax-related insights based on each client’s requirements
Support decision-making: provide clients with clear, concise data to help them make informed business decisions.
Ready to see the features of corporation tax software in action?
The above list of features outlines exactly how choosing the right corporation tax software can make all the difference to your practice – but we can’t say it better than one of our clients:
“I am really pleased with the support that Capium has provided to allow us to get the most out of their corporation tax software. I needed an easy method of submitting CT600s and corporation tax returns, and Capium fitted the bill perfectly.
“You can see the live submission status direct from HMRC, which makes life easy when keeping clients in the loop. It’s a no-brainer for us.”
We’re proud to have designed our corporation tax module with growth in mind, offering the tools you need to succeed. Learn more about Capium’s corporation tax software or sign up for a free trial.
