Welcome to Archimedia Accounts, specialist Etsy accountants
Archimedia is a family-run accounting firm led by a passionate team of entrepreneurial accountants. We specialise in eCommerce accounting, helping Etsy sellers like you manage their day-to-day finances.
Running an Etsy store is no small feat. Especially as your business grows and new demands take priority. If you want to get back to doing what you love, why not leave the accounting side of things to the professionals? Contact us today to talk to a specialist Etsy accountant.
Our accounting services for Etsy sellers
At Archimedia, our accountants for Etsy sellers help ease the financial pressure of running an online business. We understand that you probably didn’t start your Etsy shop to be flooded with tax obligations and accounting tasks.
Take a look at our Etsy accounting services:
Accounting software integration
Etsy is a pretty modern sales platform for creative entrepreneurs like yourself. So it’s only fitting that you take full advantage of other modern technology to assist with the accounting. We use Xero accounting, one of the best accounting software for Etsy sellers.
Etsy accounting software means no more relying on messy spreadsheets. Instead, everything will be available online at the touch of a button. You’ll save hours of work by automatically having sales, Etsy fees and refunds integrated with the software. You can categorise income and expenses, file tax returns and see how your shop performs financially.
Not a tech whiz? Don’t worry. We’ll take care of integrating your accounting software with Etsy and pretty much run everything for you.
Bookkeeping
When running an Etsy store, you need to know where your money is coming from and where it’s going. That’s what bookkeeping is for. Our Etsy bookkeeping services help you keep track of all your business transactions, including Etsy sales, business expenses and refunds. We’ll organise your finances, keep you compliant and prepare you for further accounting tasks.
Financial reporting
Get a better overview of your store’s financial health with our detailed reports and statutory accounts preparation. Using the data from bookkeeping, we’ll prepare your financial statements, including income statements, balance sheets and cash flow statements. Our work doesn’t just end here. We’ll analyse the data for you so you can see where your business succeeds and what needs improving.
Tax planning
Want to grow your Etsy business? Whether you need more money or want to make this your full-time income, the best way to grow is through strategic tax planning. This is one of our strengths here at Archimedia. We are well-versed in UK tax laws for Etsy entrepreneurs like yourself.
Our tax planning services give you the unique opportunity to work one-on-one with Barbara, Archimedia’s co-founder and head of tax – or, as we like to call her, the mother hen. Working with Barbara, you have full access to decades of tax knowledge and personal experience. Not only has she founded her own successful business, but Barabra is also a savvy entrepreneur who knows how to achieve financial freedom.
During your tax planning sessions, we will work closely with you to understand your goals and take a deep dive into your current financial position. We will look for smart ways to minimise your tax liability, such as making the most of your tax-free allowances, deductible expenses, and tax reliefs. We’ll also ensure that your business is set up in the most efficient way possible and regularly monitor your goals.
Grow your Etsy business with Archimedia Accounts
When you choose Archimedia to take over your Etsy seller accounting, you get a team of Etsy accountants who care about your success. We provide a whole range of accounting services that cover the day-to-day accounting duties or go further to provide one-off support.
Are you facing a specific challenge? Whether it’s inventory management, sales tax or finding the right accounting software, we will listen to your needs and find a solution that works.
Contact Archimedia today to grow your Etsy store.
Frequently asked questions about Etsy accounting
Do I need to give an accountant access to my Etsy account?
We don’t need access to your Etsy account to handle the day-to-day accounting. We work with you to integrate accounting software with your Etsy store so everything works like clockwork. We may ask you to approve certain things or give us more information, but we’ll guide you every step of the way.
Do I need to register for VAT as an Etsy seller?
If your Etsy business reaches over the VAT registration threshold of £90,000 (2024/25), then yes, you must register for VAT. Lucky for you, this is something we have plenty of experience supporting clients with. We’ll gladly help you register for VAT and manage the new obligations of becoming a VAT-registered Etsy seller.
Can I claim expenses related to my Etsy business?
Yes, you can claim relevant business expenses that go towards running your Etsy store. This is something we strongly advise on and support clients with. Marketing costs, Etsy fees, stationary, packaging supplies, shipping expenses and office bills are just some of the business expenses you can claim as a UK Etsy seller.
How often should I file my tax returns as an Etsy seller?
If you’re a limited company then it’s once a year 9 months after your year end. If you’re a sole trader or partnership you’ll need to file your tax return for that period at the end of the tax year. This is usually the end of October for paper returns or the end of January for online returns. You can find more information about your own tax return deadline on your HMRC account or general tax filing deadlines on the gov website.
