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TaxFiler vs IRIS Elements: Which Is Better Accounting Software?


Last Updated: 20 May 2025
Reviewed By: Ian Wright (Managing Director)

Which accounting software is better TaxFiler or IRIS Elements?

We compare them based on real user reviews, prices and what features they both offer.

TaxFiler homepageIRIS Elements homepage
 

TaxFiler vs IRIS Elements Basics

TaxFilerIRIS Elements
Software WebsiteTaxFiler WebsiteIRIS Elements Website
HMRC MTD StatusIn DevelopmentIn Development
Who Can Use It?Businesses, Accountants, and Self-employedBusinesses and Accountants
HMRC Listed FeaturesNoneNone
PlatformsWeb-based applicationCloud-based application
Note data for this section comes from HMRC here and here

TaxFiler vs IRIS Elements Reviews

Wondering if TaxFiler or IRIS Elements has better user reviews. We compared them below.

TaxFilerIRIS Elements
Trustpilot Rating3.83.6
Number of Trustpilot Reviews1531616
iPhone App RatingNo RatingNo Rating
Number of iPhone ReviewsNo ReviewsNo Reviews
Android App RatingNo RatingNo Rating
Number of Android ReviewsNo ReviewsNo Reviews
Please note ratings we’re accurate at the time of writing but may have since changed

TaxFiler vs IRIS Elements Prices

Which is cheaper TaxFiler or IRIS Elements? Here are their prices compared.

TaxFiler pricingIRIS Elements pricing

Free Plans & Trials

TaxFilerIRIS Elements
Free Plan?NoNo
Free Trial?YesYes
Free Trial Length?30 Days30 days
Data taken from each company’s website at the time of writing but may have since changed.

Paid Plan Prices

TaxFilerIRIS Elements
Cheapest Plan Cost Per Month£11.00£3.00
Mid-Tier Plan Cost Per Month£36.00£9.00
Top Plan Cost Per Month£236.00£25.60
Data taken from each company’s website at the time of writing but may have since changed.

TaxFiler vs IRIS Elements Features

TaxFiler featuresIRIS Elements features

TaxFiler Basic Features

  • 10 clients
  • Single user
  • Statutory Accounts
  • Corporation Tax
  • Self Assessment
  • Individuals
  • Partnerships
  • Trusts & Estates
  • MTD for VAT
  • Bookkeeping Integrations
  • For startup practices

TaxFiler Software Integrations

  • QuickBooks
  • Sage
  • Xero
  • FreeAgent
  • Kashflow

IRIS Elements Basic Features

  • Sole Trader & Partnerships​
  • Limited Company FRS105, FRS 102S1A & Dormant​
  • Simple chart of accounts – fixed account descriptions​
  • Simple trial balance entry​
  • Direct electronic filing to Companies House​

IRIS Elements Software Integrations

  • KashFlow
  • Xero
  • Quickbooks
  • HMRC

Common Feature Comparison

TaxFilerIRIS Elements
Payroll Software IntegrationYesYes
Track VATYesYes
VAT FilingYesYes
Real-Time Financial ReportsNoYes
Prepare Self AssessmentYesYes
Income Tax EstimatesYesYes
Manage Income & ExpensesYesNo
Create InvoicesNoYes
Forecast Cash FlowNoYes
Accept and Make Payments In Different CurrenciesNoNo
Employee Time TrackingNoNo
ProjectsNoNo
Bank Feed IntegrationNoYes
End of Year FilingsNoYes
Capture Bills And ReceiptsYesNo
Bulk Reconcile TransactionsNoNo
Track Inventory & Stock LevelsNoNo

TaxFilerIRIS Elements
Pros
  • Ease of use of the system
  • Easy to generate SA302 forms
  • Easy to set up new clients
  • Value for money
  • Free trial
  • Making Tax Digital Ready
  • Automated Compliance
Cons
  • Laggy
  • Could be more flexible
  • Not explicitly HMRC MTD tax compliant
  • Limited accounting functions
  • No app

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