Taxfiler Limited acquired by IRIS Software Group

23rd May 2018

Today, Taxfiler Limited is announcing it has been acquired by IRIS Software Group, the largest privately-owned software supplier in the UK.

Founded in 2012 Taxfiler has rapidly grown its customer base in the UK becoming the leading cloud tax compliance platform for small practices to submit statutory accounts and tax returns for companies, partnerships, individuals and trusts.

IRIS Software Group is the UK’s market leading provider of software and services to the UK accountancy sector with over 21,000 accountancy practices relying on IRIS every day to run their business.

Taxfiler complements the IRIS portfolio, which includes leading brands Keytime, PTP and IRIS, to offer a cloud solution for the needs of every size of accountancy practice.

As part of the IRIS Software Group’s Accountancy division, Taxfiler will be able to rapidly enhance the product functionality and respond quickly to the demands of the digital tax environment. The team will continue to work on providing its customers with innovative cloud tax and accounting products. With the planned integration with KashFlow and OpenSpace, Taxfiler will be able to provide its customers with a complete digital record compliance solution. As the industry embraces Making Tax Digital, Taxfiler customers will be able to access best in class products to meet their evolving requirements.

James Reeves, Founder of Taxfiler, says, “We are delighted to be joining the IRIS team and welcome the opportunity to provide our customers with a best in class customer experience. With the plans to invest in and accelerate product development we are excited to be able to continue building the next generation of cost-effective, cloud-based software for small accountancy practices.”

Sion Lewis, CEO of IRIS Accountancy Solutions, says, “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.”

About Taxfiler Limited

For the past five years Taxfiler has pioneered bringing the power and scalability of the cloud to the tax and accounting software market. Taxfiler is a cloud suite, used by accountants and small practices, to prepare and file tax returns and statutory accounts to Companies House and HMRC. It delivers all the compliance functionality that companies need at a much lower cost than traditional desktop software. Taxfiler has a simple, transparent monthly pricing policy that allows filing for companies, partnerships, individuals and trusts.

About IRIS Accountancy Solutions

With over 21,000 customers, IRIS Accountancy Solutions exists to simplify the lives of accountants by making them more efficient and productive. Approximately, 44 per cent of all online submissions to HMRC and Companies House are made using IRIS software – the most efficient suite of integrated compliance, productivity and collaboration solutions for accountants to grow and evolve their practice. IRIS Accountancy Solutions is a division of IRIS Software Group, the largest privately-owned software supplier in the UK and one of the most trusted business-critical software and services providers in the UK today. Through its solutions, the group serves more than 80,000 SMEs, corporates, and payroll bureau customers across a wide range of UK industry sectors. IRIS Software Group offers the greatest range of specialist accountancy, financial management, human resource management and payroll solutions - delivered as a choice of integrated on-premise and cloud-based applications. These are managed under the leading IRIS, PTP, KashFlow, Keytime, Cascade, PS Financials, Results Squared, ParentMail, Earnie and Taxfiler product brands. For more details visit iris.co.uk. Follow us on Twitter @irisaccountants, @keytime, @taxfilerLtd, @irispayroll, @kashflow, @CascadeHRMS, @PSFinancials and @ParentMail