Expert Accountants for IT Resellers, Distributors & MSPs
In the fast-moving IT sector, financial clarity is just as critical as technical expertise. Whether you’re an MSP, cloud software / hardware reseller or distributor, Co-gency Chartered Accountants helps tech businesses streamline finances, remain tax-efficient, and scale with confidence.
- Recurring Revenue & Project-Based Accounting
- Software & Hardware VAT Guidance
- R&D Tax Credit Claims
- Fixed-Fee Pricing – No Billing Surprises


Why IT Businesses Need Specialist Accountants
IT companies operate in a landscape of recurring contracts, international suppliers, and complex VAT rules — especially when selling a mix of hardware, software, and services. Generic accounting can lead to missed claims, compliance gaps, and poor forecasting.
We help technology businesses in Greater Manchester tackle financial challenges including:
- Tracking project profitability and recurring revenue
- Managing stock and inventory fluctuations
- VAT on software licensing and cross-border sales
- Claiming available tax reliefs like R&D credits
- Automating systems for greater efficiency
How We Help IT Businesses Grow
Our services are designed to address the specific financial challenges of IT companies:
-
Revenue Recognition & Forecasting: We help track Monthly Recurring Revenue (MRR) and Annual Recurring Revenue (ARR), manage accruals for service-based contracts, and deliver accurate budgeting and forecasting.
-
Financial Modelling & Board Packs: We build financial models to support strategic decision-making and fundraising. We also prepare board packs and management accounts that include key performance indicators (KPIs), narrative commentary, and trend insights.
-
Cashflow Forecasting & Working Capital Management: We support clients with dynamic cashflow forecasts and help optimise working capital cycles to ensure financial stability and growth readiness.
-
R&D Tax Relief Claims: We identify qualifying R&D activities, prepare robust claims, and help maximise tax relief for innovative software and development work.
-
VAT & International Trade: We advise on VAT for digital services, SaaS platforms, EC sales, and reverse charge rules. We also help hardware resellers handle import/export regulations, OSS/IOSS schemes, and international compliance.
-
Payroll, Dividends & Tax Planning: We set up and manage PAYE schemes, optimise the salary/dividend mix for directors, and provide full corporation and personal tax planning.
How Co-gency Helps IT Firms Thrive
Revenue Recognition & Forecasting
✔ Accruals for service-based contracts
✔ Accurate MRR/ARR tracking
✔ Budgeting and cash flow forecasting for growth
R&D Tax Credit Support
We handle:
✔ Identify qualifying activities
✔ Prepare and submit claims
✔ Maximise relief on innovation and software development
VAT & International Trade Guidance
✔ VAT on digital services, cloud platforms, and SaaS
✔ EC sales, reverse charge, and OSS/IOSS schemes
✔ Cross-border import/export for hardware resellers
Payroll, Director Dividends & Tax Planning
✔ PAYE setup and compliance
✔ Optimised salary/dividend mix for directors
✔ Corporation tax and personal tax planning
"Thinking About Taxes?" – Let Co-gency Handle Them
Tax deadlines and HMRC investigations don’t have to be stressful. Our proactive approach ensures:
Maximised deductions (claiming every allowable expense)
Year-round support (not just at year-end)
What Our Clients Say About Us
Frequently Asked Questions
Do MSPs and resellers need a specialist accountant?
Yes. Whether you sell support services, cloud licenses, or physical tech, you face complex VAT and revenue recognition issues. We ensure compliance and efficiency.
Can I claim R&D tax relief?
Most likely — if you develop or improve tech-based processes, platforms, or products. We’ve helped clients recover thousands via HMRC’s R&D scheme.
What’s the best accounting software for IT firms?
Xero and QuickBooks are top choices. We’ll help you integrate these with inventory, subscription billing, or PSA tools like Autotask, HaloPSA, or ConnectWise.
How much will it cost?
We offer sector-specific fixed-fee packages based on your size and services. Book a free call to get started.