Archimedia Accounts

A family-run Nottingham firm of certified accountants

Archimedia Accounts is a family-owned practice of certified accountants based in Nottingham. It serves sole traders and limited companies in the city and across the UK, and it says it has spent more than fourteen years putting technology and modern working methods first. The firm's stated reason for that is practical: automated tools save clients money and free time to run their businesses. Its manner is described on the site as plain-speaking and free of jargon.

Bookkeeping as the foundation

The firm's explanation of bookkeeping is simple: recording what comes into and goes out of a business so that the owner can follow cash flow, meet tax and VAT duties and plan growth. It points out that limited companies are legally required to keep accurate accounts of sales, expenses, salaries, loan repayments, debts and stock purchases, and that anything passing through the business bank account should be recorded promptly. The pages list signs that a business needs help: not enough time, unclear systems, suspected errors in the books, financial information that lacks insight such as profit by product, worry about statutory accounts for HMRC, or earlier penalties for mistakes on annual returns.

Outsourced finance and cloud software

For companies that want more than bookkeeping, the firm offers a fully outsourced finance department tailored to the business, so that clients treat it as an extension of their team and avoid hiring in-house. It encourages the use of Xero online accounting software and describes how the system can change the way a small business manages its money. Regular management accounts are also offered, produced with a commercial focus to support better decisions.

Tax, VAT and company compliance

The tax side covers several areas.

• Corporation tax, with advice meant to keep a company compliant while reducing the bill.
• VAT returns, with the aim of keeping VAT affairs in order with HMRC without overpaying.
• Personal tax returns for the self-employed, including property, foreign, dividend and capital gains income.
• Tax planning for personal wealth.
• Limited company accounts, including keeping Companies House records up to date and filing annual returns.

Working with the firm

New clients can book a discovery call. The firm says its approach is to look beyond the figures, give owners real financial control and always act in their interest. The separate pages on bookkeeping for limited companies in Nottinghamshire stress that thorough records make year-end less stressful.