Providing corporation tax as a service with software

Using corporation tax software is one of the best ways for accountants to file corporation tax returns accurately and efficiently for their clients – at scale and en masse. 

Depending on how straightforward your clients are, corporation tax can be a real game changer when it comes to your firm’s ability to offer corporation tax as a service. 

Without a software partner to support you as your clients either grow in number or complexity, you might find yourself hampered by lack of time, volume of manual input, and little integration.

Introduce corporation tax software, though, and that becomes a thing of the past. Here’s how having the right tool in place can help you deliver corporation tax as a smooth, efficient, and profitable service. 

How does software help accountants deliver corporation tax services?

There are many benefits to corporation tax software, but we’d be tempted to say that the biggest one is time saving – while giving you peace of mind that you’re not compromising accuracy or service as you speed things up. Corporation tax software is designed to save time in several ways:

• Automated calculations and reducing errors

The first point is two-fold. Firstly, corporation tax software will make automatic calculations when handling tax returns, meaning no more manual adding up or cross referencing – it’s all done systematically within the software. Secondly, if anything doesn’t look right, corporation tax software is designed to flag potential errors and highlight any issues pre-submission, so that you’ve got a chance to check and adjust as necessary. 

• Smart and seamless integration

Good corporation tax software should integrate directly with Companies House and HMRC, as well as with other systems that you’re using. Capium’s software allows you to submit and track submissions to HMRC from within the software, where you’ll find live status updates that make it easy to keep clients in the loop, without having to manually log in and check.

• Handling compliance automatically

The security that comes with cloud-based accounting software is one of its greatest features, and most corporation tax software should update automatically – meaning it has the highest level of security available. It should also stay on top of any regulatory or compliance requirements, too – from MTD to GDPR – so that you don’t have to, meaning your time can be better spent elsewhere. 

• Freeing teams up to focus on more valuable work 

Aside from the specific time-saving features that come built in with corporation tax software, cloud-based software on the whole can help save time by freeing up your team for more valuable work. Whether its minutes clawed back by only having to enter data in one place, automated reminders removing the need to manually chase clients, or your firm’s IT team not having to worry about infrastructure up-keep, there are huge strides in efficiency to be made for firms who embrace the cloud. 

Ready to try Capium’s corporation tax software?

We’ve designed our corporation tax software specifically with the purpose of reducing the time you and your team spend on corporation tax returns. Former accountants ourselves, we know how beneficial simplifying the processes around corporation tax can be, and we’ve built that insight into our module’s features. 

If you’re interested in how corporation tax software can help you, we’d love to get you booked onto a free trial so that you can see how it works in practice.