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Silverfin

Tax Compliance

Advanced compliance platform combining accounts production, tax, and workflow automation.

Overview

Silverfin positions itself as a compliance automation platform rather than just tax software. It combines accounts production, tax preparation, and workflow automation in a single cloud platform. The template system is powerful allowing firms to standardise and automate their entire compliance process.

The platform excels at handling large volumes of similar work. If your firm processes hundreds of year-end accounts and tax returns, the automation capabilities can dramatically reduce the time per engagement. The data analytics features also provide useful insights across your client portfolio.

Best for

Larger firms wanting to automate compliance workflows at scale

Key Features

Accounts production with automated templates
Tax return preparation and filing
Workflow automation for compliance processes
Data analytics across client portfolio
Cloud-native collaborative platform
Customisable template library
Integration with major accounting platforms
Real-time collaboration for teams

Pros & Cons

What We Like

  • Powerful automation for compliance workflows
  • Excellent for firms handling high volumes
  • Strong template system for standardisation
  • Good collaboration features for teams

Watch Out For

  • Significant setup investment to maximise value
  • Higher price point than TaxCalc or TaxFiler
  • Overkill for smaller firms with simpler needs
  • Steeper learning curve than simpler alternatives

Pricing

Contact Silverfin for practice pricing. Premium pricing reflects the automation capabilities.

Key Integrations

XeroQuickBooks OnlineSageCompanies HouseHMRC

Our Verdict

Silverfin is the right choice for larger firms that want to automate their compliance workflows at scale. The investment in setup and the higher price point pay off when you are processing hundreds of returns. For smaller firms, TaxCalc is more practical.

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Silverfin Review for Accounting Firms | NerdNumbers | NerdNumbers