Accurate monthly bookkeeping, management accounts and year-end financial statements. We tailor this service to freelance software developers, tech startups and IT companies, who face specific issues such as ip box 2.5% effective tax, freelancer vs. company, vat on cross-border digital services. We work alongside the Cyprus Tax Department, Research and Innovation Foundation, Department of Registrar of Companies so your filings are accurate and on time.
What's included
- Monthly bookkeeping and bank reconciliations
- Management accounts and KPI reports
- Year-end financial statements (IFRS)
- Cloud accounting setup (Xero, QuickBooks)
Why freelance software developers, tech startups and IT companies choose us
- Specialist support with ip box 2.5% effective tax
- Specialist support with freelancer vs. company
- Specialist support with vat on cross-border digital services
- Specialist support with stock options and equity
- Specialist support with r&d cost tracking
Challenges you face, solutions we provide
Challenge: IP Box 2.5% effective tax
Our solution: IP Box eligibility assessed and nexus documentation kept current
Challenge: Freelancer vs. company
Our solution: Freelance vs. company comparison with real numbers before you switch
Challenge: VAT on cross-border digital services
Our solution: Reverse-charge and OSS VAT handled correctly on every cross-border invoice
Challenge: Stock options and equity
Our solution: Option schemes structured for the flat 8% regime with payroll reporting
Challenge: R&D cost tracking
Our solution: The 120% R&D super-deduction claimed with timesheet evidence
Frequently asked questions
- Do you offer bookkeeping & accounting for freelance software developers, tech startups and IT companies?
- Yes. Tsquared delivers bookkeeping & accounting specifically for freelance software developers, tech startups and IT companies across Cyprus, on a clear fixed-fee basis.
- Do I need bookkeeping as a small company in Cyprus?
- Yes. Every Cyprus company must keep proper accounting records and prepare audited financial statements annually.
Related guides
← All Software & Tech Developers resources · Bookkeeping & Accounting overview