Accounting for IT companies: the importance of professional advice
Accounting for IT companies is responsible for fiscal and tax management, as well as offering support and consultancy for the business.
This service is indispensable for guaranteeing the full development of basic activities such as cash flow, issuing reports, processing payroll and others.
In addition, a specialized accounting service offers all the necessary support for tax and labor issues, helps to select the best tax regime and reduce the company's overhead costs in order to contribute to its expansion.
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The role of accounting for IT
Accounting is the sector that deals with all of a company's financial, tax, property and economic issues.
They deal on a daily basis with statements, spreadsheets, tax payment forms, accounts payable and receivable, among other procedures that are essential to guarantee the financial health of a business.
In addition, it is the accounting professionals who advise the entrepreneur on all the bureaucratic aspects related to opening or closing companies.
As each business has its own specific legislation and resolutions, there are accounting professionals and firms that specialize in each area. In other words, when hiring an accounting firm, it is essential to check that they specialize in the company's area of activity.
The role of accounting for the Information Technology area is then to contribute to the full development of the business and to monitor activities such as cash flow, preparation of financial reports, compliance with tax and labor legislation, advice on investments and carrying out basic accounting activities.
So here are some of the activities in which accounting advice helps IT entrepreneurs.
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Starting a business
Specialized accounting advice you'll find the most practical ways to start a business and guide entrepreneurs through the process of obtaining a CNPJ.
This support is important for defining the most appropriate legal nature and tax regime for each business, as well as ensuring efficiency and speed in providing all the necessary documentation.
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Support and consultancy
In addition to fiscal and tax management, accounting plays a fundamental role in providing support and advice to IT companies.
Accountants who provide services to professionals in the field thus carry out activities such as monitoring cash flow, resolving bureaucratic procedures, complying with labor and tax obligations, preparing financial reports, basic accounting activities and investment advice.
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Self-employed professional
Accounting for self-employed or freelance Information Technology service providers is of the utmost importance in order to ensure that the financial health of the business and create opportunities for growth.
Although these are professionals who work alone, they also need a CNPJ to carry out their activities, in addition to complying with tax obligations.
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Legal entity
Every company that wants to start working in the IT field needs a CNPJ. Therefore, the choice of nature is a necessary step in this procedure.
Among the options are MEI, Individual Entrepreneur, EIRELI, LTDA and Single Person Limited Company. Each has its own parameters.
To determine the best option for each business, specialized accounting advice is the best way to seek guidance.
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Payroll
Payroll preparation is one of the essential services for companies in all sectors. Depending on the size of the company, the accounting consultancy may suggest using suitable automated systems to support this service.
In addition, the process of hiring professionals needs to be in line with legislation. Therefore, an efficient accounting team is the ideal way to process payroll in the right way, avoiding errors and future problems.
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Growth planning
Accounting doesn't just work to support routine activities, it is also of paramount importance to business management and the business expansion planning.
Therefore, with efficient tax planning, for example, where the accounting team works to reduce costs, the company is then able to stay more competitive and the impact on their growth as a whole will be more significant.
In addition, good financial management is essential in order to guarantee the possibility of constant investmentand the purchase of more technological equipment and resources, which will enable the company to improve its services and expand its market presence.
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What are the CNAEs for software and programming?
The most common CNAES used in the area of programming and software development are:
- 6201-5/01 - Custom software development
- 6202-3/00 - Development of customizable software
- 6203-1/00 - Development of non-customizable software
A company can have different CNAEs, as long as they are related to each other. In this way, one is the main one and the others are secondary.
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Simples nacional and the R factor for IT companies
For IT companies opting for the Simples NacionalThe annual gross revenue limit is then up to R$ 4.8 million per year, which is equivalent to a monthly average of R$ 400 thousand.
The R factor is the calculation that determines which Simples Nacional Annex a company falls into. Based on its result, activities that then belong to Annex V can fall into Annex III, which allows for a reduction in tax payments, which consequently helps to reduce the business's monthly expenses.
It is the CNAE code that allows or disallows the entry of a certain activity in an annex, as well as the service code, according to Complementary Law 116/2003.
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Real profit in accounting for IT
Taxes are calculated based on actual profits and on the company's monthly or quarterly income. All companies with a turnover of more than R$78 million at the time of calculation are obliged to opt for this system;
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Presumed profit in IT accounting
This is simplified so that the IRPJ and CSLL calculation bases can be determined. All companies that are not obliged to opt for real profit can choose this regime;
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Meet CLM Controller, an accounting firm for IT
With more than 30 years in the market, we have a fully qualified team of around 90 employees, registered with the Regional Accounting Council, and a dedicated and qualified account manager to help you with your needs.
See the list below for some of the main services we offer to better serve companies in the information technology sector:
- Specific tax regimes;
- Reimbursement for consultants;
- Law on outsourcing (consultancy);
- Financial management.
Get in touch and make an appointment free of charge. Our experts are ready to serve you and your company's needs.
If you need to rely on experienced accounting advice, capable of providing the best strategies for your company to improve its financial performance, get to know CLM Controller's solutions now.
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