Self assessment software: integrations
We often say two things: one, that software is only as good as its user, and two, that software is no good if it doesn’t integrate with other systems. In other words – good software focuses on great user experience (and robust training) and seamless integrations.
Nowhere is that more true than with self assessment software. Used properly and with the right integrations, it can transform your way of working. In other blogs, we’ve covered the following topics:
- How to pick the right self assessment software for your firm
- How much does self assessment software cost?
- Providing self-assessment as a service with software
In this article, we’re purely focused on integrations. Here, we’ll outline exactly what integrations Capium’s self assessment software comes with, how to use them, and why they’re beneficial to accountants.
What integrations does Capium’s self assessment software offer?
Capium’s self-assessment software offers a range of integrations designed to streamline the tax return process for accountants. Below, we explore each integration, detailing its functionality, usage, and the benefits it brings to accounting practices.
1. HMRC Integration
Our self-assessment software seamlessly integrates with HMRC, meaning you can submit clients’ tax returns directly from the platform. This direct connection makes it easy for you to make sure that submissions are both timely and compliant with current regulations.
How to use:
- Prepare the client’s tax return within Capium
- Review and validate the information to ensure accuracy
- Use the ‘Submit’ feature to send the return directly to HMRC at the click of a button.
Benefits:
- Reduces the need for manual submissions, saving you time
- Minimises errors associated with manual data entry
- Provides real-time submission status updates, keeping you informed throughout
2. Dividend database integration
Our self assessment software includes built-in dividend databases, allowing you and your team to access historical dividend information for FTSE 100 companies. We’ve designed this integration to simplify the process of reporting dividend income on self-assessment returns.
How to use:
- Within the client’s tax return, navigate to the dividends section
- Access the integrated dividend database to retrieve relevant information
- Import the necessary dividend data directly into the client’s return.
Benefits:
- No more manually searching for dividend information
- Keeps things accurate by using up-to-date and verified data
- Speeds up the process of completing tax returns involving dividend income.
- Bookkeeping integration
Our self-assessment software integrates with other Capium software, including our bookkeeping module. For accountants, that means seamless data transfer between bookkeeping records and tax returns.
How to use:
- Maintain up-to-date bookkeeping records within Capium
- When preparing your client’s self-assessment return, import relevant financial data from the bookkeeping module
- Review and adjust the imported data as necessary to complete the tax return.
Benefits:
- Reduces duplication of effort by reusing existing financial data
- Enhances accuracy by minimising manual data entry
- Streamlines the workflow between bookkeeping and tax preparation tasks.
- Practice Management integration
Because our software integrates with our practice management module, using Capium makes it straightforward to track the status of self-assessment returns, manage deadlines, and assign tasks to team members.
How to use:
- Set up client profiles and assign self-assessment tasks within the practice management module
- Monitor the progress of each tax return, noting upcoming deadlines and completed tasks
- Use the system to communicate with team members and delegate responsibilities.
Benefits:
- Improves organisation and gives you complete oversight of the self-assessment process
- Facilitates collaboration among your team
- Helps ensure that all client returns are completed accurately and on time.
Our 20-strong tech team have designed these integrations to make sure that our cloud-based self assessment software truly enhances efficiency, accuracy, and compliance throughout the tax return process. By leveraging the power of integration, we anticipate and respond to future challenges, so that you can operate with confidence.
To see Capium’s self assessment software integrations in action, sign up for a demo or start your free trial today.
