Businesses needing Accountancy services in Retford need a Local Accountant, but not all Accountants are the same. We here at Archimedia believe many Accountants severely underserve their clients, meaning you are losing out on Tax Savings each year and aren’t being helped to grow your business or make it more profitable, meaning in essence your Accountant could be stopping you from retiring yearly or amassing wealth for your retirement.

The problem with many Accountants in Retford and the surrounding areas

Here are our complaints, let’s see if any of them resonate with you.

Lacking in Business Personality. Most Accountants are very nice people, but you wouldn’t necessarily say they are as approachable from a business perspective as you’d like. Many Accountants in Retford and all over Nottingham are stuck in an “Accountant” mindset, focusing on your year end Accounts and not much else. We’re not saying you should pay for a Business Plan or a Business Coach, but not having regular (free) contact with your Accountant means you don’t have guidance, or at least someone to talk to about your complicated next business steps.

Many Accountants are not meticulous at Tax Planning. Many Accountants in Retford and the wider Nottingham area do not take the time to apply Professional Tax Planning for their clients. All Accountants keep their clients compliant, after that many just have a short list of Tax Planning points which they conduct as standard on every client, and leave it at that.

If your Accountant doesn’t take the time to understand your business/personal and current/future situation you will most likely be paying far more Tax than you legally should be paying. UK Tax Law is vast, it is also very complicated and not always clear-cut, meaning if your Accountant doesn’t truly understand your situation they will not only apply fewer areas of legitimate Tax Planning, they will also severely under-claim in the areas they apply “just in case”, because they haven’t spent the time to analyse how it applies to you properly. If your Accountant doesn’t spend a significant amount of time asking you questions to understand your current and 3–5-year plan you are almost certainly losing £1000s each year in missed legitimate Tax Savings.

Many Accountants do not take the time or invest the money to understand what makes Businesses successful, despite having the skills to do so and working closely with 100s of businesses. Accountants are very fortunate because clients have to pay to comply with HMRC (a grudge buy rather than a luxury buy). Accountancy is also a subscription model, meaning they don’t really need to go out and find new work. All this means that though most Accountant calls themselves a “Business Advisor”, many don’t have enough business knowledge to move the needle in your business.

This really amazes us because most Accountants in Retford and the wider Nottingham area have hundreds of clients, it’s just many haven’t spent the time or money to discover what makes the successful clients successful. Success in business is predicable, 95% of the time you can cause success by properly implementing “Best Business Practices” that successful businesses adopt.

What your Accountant should look like for your Retford based business

1. Is Personal (so they’re always approachable).
2. Business-minded (so they understand what you’re saying to them, not speaking like an Accountant when most of the time it’s not useful).
3. Has a Proper Tax Planning Service (otherwise you may be losing out on £1000s each year).
4. Has painstakingly taken the time and investment to learn about the Best Business Practices that make businesses achieve predictable success.

Archimedia Accounts are this Accountant talked about above

1. One of the most “Human” Accountants in Retford and Nottingham (just look through our website and check out our photos).
2. We are definitely business-minded (our culture has been built this way to help small business owners, and our owners Barbara & Chris are successful entrepreneurs with a significant property portfolio).
3. We provide a Full Tax Planning Service each year in which we take you through 1-1.5hrs of questioning to understand your current situation and 3-5year plan both for your business and you personally, then we turn over every stone of UK Tax Law to give you all the Tax Saving Opportunities available to you right now. Many new clients save £1000s each year in additional tax above what their old Accountant was doing. We also have a national Tax Team behind us so we can work on specific areas of Tax if needed. Take our Free Tax Review at the top of this page to see how much tax you could save each year.
4. We care about our clients’ success, so we have taken the time and make the investment to understand what Best Business Practices make businesses successful, and we have implemented them and achieved success for many clients. Every client receives a 1.5hr dedicated business session each year, as well as any time they want to call or meet up. This means you get guidance and synergy of skills whenever you want even if you don’t want to pay for a business planning or marketing planning session etc.

Reach out to us at any point or book a Free Tax Review at the top of this page.