Features of the Organization of it Companies and Basis of Accounting in Ukraine

The article deals with the development of the IT industry in Ukraine, its impact on the economy of the state and measures to stimulate investment through the IT sector. The basics of organizing the activities of IT companies and the accounting process in accordance with modern conditions are investigated. On the basis of the study, the author generalizes the distribution of IT companies according to the specifics of economic activity, and distinguishes two business models – product and service. Attention is also paid to the accounting policy of the company and the aspects that need to be considered when organizing the accounting of this type of enterprise, namely: recognition of fixed assets and intangible assets, determination of the cost of services. In addition, attention was paid to such an important issue as taxation. How exactly is taxation carried out, what benefits and tax relief are offered to businesses in this industry.