7 Reasons why should you consider changing Accountant
22 November, 2022

7 Reasons why should you consider changing Accountant

Businesses are continuously evolving over time because the industry is constantly evolving as well. It is therefore critical for business owners to stay on top of the financial information of the business to make an appropriate decision when needed.

An accountant plays a crucial role in helping business owners get the most value out of their business or investments. Many business owners change their accountant when they feel they are not getting the required help from their Accountant.

Why should you change your Accountant?

There could be many reasons why a small business decides to change their accountant. Ask yourself, the following questions and decide if it’s time to make a change:

  • Are you able to get up-to-date financial information of your business so that you can focus on what matters most in your business?
  • Do you have appropriate structures to legally minimise tax as well as enhance your asset protection?
  • Are your tax obligations being met on time?
  • Are you able to make the most of technology and software?
  • Are you getting proactive advice from your Accountant?
  • Has your business outgrown your Accountant? 
  • Are you getting value for money?

How to change your Accountant?

Many business owners find it difficult to decide on changing their accountant. This is understandable where the accountant has been a trusted advisor for years. However, the decision to change accountants is a business decision and so you don’t have to make excuses or feel uncomfortable. Following are the simple steps to change your accountant:

  • Find a new accountant. You should do proper research to make sure your new accountant will be able to deliver the services which your previous accountant was unable to deliver.
  • Talk to your current accountant, advise them that your needs have changed and so, you’ve decided to move on to another accountant.
  • Your new accountant will then send an ethical clearance letter to your previous accountant along with a request to provide any relevant paperwork.

If you are considering changing accountant, please feel free to reach out to Accountstream Tax & Business Advisors for an obligation-free initial consultation and a quote.

 

Disclaimer: This article is provided as general information only and does not consider your specific situation, objectives, or needs. It does not represent accounting or tax advice upon which any person may act. Implementation and suitability require a detailed analysis of your specific circumstances. Before taking any action, consider your own circumstances and seek professional advice.

Please contact us for advice specific to you and your circumstances.

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