Key features of self assessment software for accountants 

For accountants, good self assessment software is a game-changer. Embracing a solution that can simplify complex processes, flatten out capacity peaks, and make sure submissions run smoothly means January can end up feeling just like any other month, rather than a looming pressure.  

As with any software purchase, though, it’s important to know what features to look for when it comes to building your shopping list. Here, we’ll walk through the main features that make self assessment software a worthwhile investment for your practice, using Capium’s own self assessment software as an example throughout. 

What is the core function of self assessment software? 

First and foremost, self assessment software exists to take the hassle out of tax filing. It’s designed to automate repetitive tasks, integrate with your other accounting systems, and work hand-in-hand with HMRC to make sure every form and submission is fully up-to-date with the latest regulations.  

Put simply: it makes it easier for you to do your job and keep compliant at the busiest time of year.  

Essential features in self assessment software 

Here’s what to look for when deciding which self assessment software best suits your firm: 

Automated tax calculations and filings 

Automation is central to efficiency – and that’s no different when it comes to tax preparation. We’ve designed our software to automate both tax calculations and filings, meaning you can spend less time doing it manually, while reducing the risk of human error.  

Effective integration 

To benefit from efficiency, you need your software solutions to talk to each other! That’s why seamless integration is another critical feature of good self assessment software. It should connect easily with other accounting tools, making data flow between platforms smoothly and securely. Our self assessment software synchronises data across its modules to reduce errors and improve record accuracy.  

Customisable reports 

Different clients need different reports, which is why a one-size-fits-all approach doesn’t work. Capium’s self assessment software makes it easy for you to tailor reports to focus on highlighting what’s most important for each client, whether that’s financial summaries or tax specific details, which means you can share relevant insight to support decision making.  

Built-in dividend database 

Tracking dividends can be a challenge without the right resources. To simplify the task of managing client dividend income, we’ve built a dividend database directly into our software – streamlining the process and allowing you to handle complex client portfolios more easily. 

Robust security and GDPR compliance 

As with any other accounting software, data security should always come first. Good cloud-based self assessment software will adhere to GDPR standards and have robust security measures in place to keep your clients’ sensitive data safe and secure. 

How self assessment software can support your practice’s growth 

As well as making your self assessment season more streamlined, efficient, and less painful, choosing the right self assessment software can also be an asset for growing your firm in the longer term.  

It’s important to consider your ambitions when making your decision – and to think about selecting a software that can adapt with you as your practice expands. Capium’s self assessment software is built with growth in mind, so it’s a great tool to start managing a larger client base without compromising quality or efficiency.  

Having your priorities in order, and knowing what features to look out for, should make selecting self assessment software easier. For a closer look, try Capium’s free trial and see the difference it can make to your practice. 

To trial Capium’s extensive self assessment software, sign up for a free trial here.