Accountants for IT and Software Developers

At Excel Accounting Solutions, we understand the unique challenges and opportunities faced by IT professionals and software developers. Whether you are a freelancer, contractor, or part of a limited company, our tailored accounting services are designed to help you manage your finances, maximize your earnings, and focus on innovation.

Tax Planning and Compliance

• Expert advice on income tax, VAT, and corporation tax.
• Preparation and submission of self-assessment or corporate tax returns.
• Guidance on allowable expenses like hardware, software subscriptions, training courses, and home office costs.

IR35 Advice and Support

• Assessing your IR35 status to ensure compliance.
• Structuring contracts to minimize risk and maximize tax efficiency.
• Ongoing support in navigating IR35 regulations for contractors.

Business Formation and Structuring

• Assistance in setting up limited companies or sole trader businesses.
• Advising on the most tax-efficient business structure for your needs.
• Managing registrations with HMRC and Companies House.

VAT Registration and Returns

• Guidance on whether to register for VAT.
• Preparing and submitting VAT returns, including advice on VAT schemes like the Flat Rate Scheme.
• Ensuring compliance with Making Tax Digital (MTD) requirements.

Expense Management

• Identifying and tracking allowable expenses to reduce your tax liability.
• Organizing receipts and invoices for accurate reporting.
• Providing insights on expense categories specific to IT professionals.

Bookkeeping and Financial Reporting

• Maintaining accurate records of income and expenses.
• Generating profit and loss statements, balance sheets, and cash flow reports.
• Offering regular financial updates to help you stay on track.

Payroll and Dividend Management

• Setting up and managing PAYE for salaried directors and employees.
• Advising on tax-efficient salary and dividend combinations.
• Ensuring compliance with pension auto-enrolment requirements.

Project and Contract Support

• Assisting with budgeting and financial planning for IT projects.
• Offering guidance on financial terms in contracts.
• Supporting contract negotiations to ensure fair and compliant arrangements.

• Industry Expertise: Our team has extensive experience working with IT professionals and understands the nuances of the tech industry.

• Proactive Support: We anticipate your needs, offering tailored advice to help you succeed.

• Regulatory Compliance: We ensure your business remains compliant with tax laws and regulations, reducing the risk of penalties.

• Tailored Service: We customize our services to fit your needs, whether you're a contractor or a growing tech business.

• Regular updates on changes to tax laws and regulations affecting the tech industry.

• Support in preparing for HMRC audits and inspections.

• Assistance with financial planning to invest in growth and innovation.

Let us help you focus on your passion for technology while we manage your finances. Contact us today to discuss how we can support your accounting needs.