Accountants for IT Industry

Overview of the 
Information Technology Industry

While it is true that the information technology industry is innovative, the pandemic had a severe impact. So, if you are a tech startup or running an IT firm, chances are high that you are still trying your best to cope with some challenges. Some of these may be as follows:


  • Risk of cyber security attacks
  • Economic uncertainty
  • Regulatory changes

    Overcoming all these challenges is not easy, and CoreAdviz is well aware of this fact. Being a reliable accounting firm serving a large number of professionals and companies working in the information technology sector, we know that this sector offers some unique challenges for entrepreneurs.

    As an IT professional or an IT firm, it is important to manage your finances really well in these tough times so that you can invest your funds to have a robust infrastructure against cyber attacks as well as to grow your business. Our accountants make sure you get suitable solutions so that you don’t have to stress about compliance with regulatory changes or economic uncertainty.
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How We Help 
IT Companies & Tech Startups

We know that you need finances to invest in building the necessary infrastructure or in product testing and development. Otherwise, it would be a bumpy ride in these challenging times. We fully understand the financial aspirations of companies in the IT sector and help them at each step to achieve the same. With our vast experience and knowledge, we can help you irrespective of your size.


Be it bookkeeping or complete assistance in all things related to taxation, we do all with utmost professionalism. We use our wealth of knowledge and offer comprehensive accounting management, financial reporting, compliance and governance. Even if you are a tech startup, our accountants can provide you all the needed support, from opening a business account and registration to finding investments and preparing financial statements.

Apart from all these, we also help you in payroll management as we know that keeping track of the working hours of your team members can be daunting, especially when you are a startup and are supposed to do all the work yourself. Also, our accounting services are affordable. You can go for a monthly package to get all services to help you scale your IT business.

Trustworthy Information Technology Accounting For You
  • Over the years, our accountants have been successfully catering to the expectations of IT companies and tech startups. We offer trustworthy information technology accounting solutions that are not limited to the following ones:
  • Financial Statement
  • Preparation 
  • Tax planning and compliance 
  • Cash Flow Forecasting
  • Company Secretarial 
  • Payroll management 
  • VAT registration
  • Bookkeeping 

It is a type of accounting that integrates traditional accounting with software to securely store the financial data of an entity. 

While it is not legally required, hiring a skilled accountant proves helpful to a limited company in the IT sector just like it proves advantageous to any other limited company for completing annual accounts, VAT registration, tax savings, and so on. 

No, it is not mandatory, but most tech startups expected to reach a turnover of £85k or more over twelve months register for VAT. The aim is to recover their startup costs by reclaiming some of their expenses from the HMRC.

accountants for self-employed

We do the digits you live your Lifestyle

Accounting for eCommerce package starts at £45 per month 

Our Guidance on the “To do list”

As accounting consultants for an eCommerce business, we would suggest you with the following

Standard accounting procedure

The inflow of funds can be recorded when a bill is raised or the actual amount is received. Maintain a single standard throughout

self-employed reminders
Bank reconciliation

Keep your invoices organized

Invoices play an important role in determining your tax liability. Keeping them organized and chronologically minimizes the changes of computation errors.

Keep your tax records handy

Tax invoices and receipts of the last 5 years are required to be preserved. In case the HMRC wants to verify data, they will ask for previous receipts.

Calculate Tax Liability
vat registration and return

Know your company’s status

As an entity your taxation will depend on your size. If your eCommerce is a private limited company, then its taxation policy will be different from self-employed and partnership.