How Easy is it to Change Accountants?

Whether your business is just starting out or on the verge of scaling to new heights, having the right accountant by your side can make all the difference in the world. But what happens when your current accountant no longer feels like the right fit? You might be wondering how easy it is to switch to a new one. The good news is that changing accountants is easier than you think, and it could be the best decision for your business growth and  ultimately, your future.

At our dynamic and fast-growing accountancy practice, we are “Big Enough to Know and Small Enough to Care,” offering the expertise of a large firm with the personal touch of a boutique practice. We partner with our clients throughout their journey—”from inception, through growth, into maturity”—ensuring that you have the right support at every stage of your journey. Here’s why and how switching to a new accountant could be the game-changer your business needs.

1. Why Switch Accountants?

There are many reasons why businesses switch accountants, and it usually boils down to feeling like they’re not getting the support they need/deserve. Here are some common signs that it’s time to consider a change:

• Poor communication: Your accountant should be a trusted advisor, not someone you struggle to get hold of when you need answers.
• Lack of proactive advice: If you’re not receiving insights to help you grow your business or save on taxes, you’re missing out.
• Outgrowing their services: As your business expands, your needs will change. You may require more sophisticated tax planning, growth strategies, or financial forecasting than your current accountant can provide.
• High fees with little value: You should feel confident that the fees you’re paying match the value you’re receiving. If not, it’s time to look elsewhere.

Changing accountants is about more than just managing your books—it’s about finding a partner who shares your business vision and is ready to help you achieve your goals.

One funny thing we find is that a lot of potential clients have undue loyalty to their current accountants, even if they are not getting the level of service they deserve. And yet, if it was any other business decision, they would not hesitate to make the switch.

2. How Easy Is It to Change Accountants?

The thought of switching accountants might seem daunting, but in reality, it’s a straightforward process. Here’s a step-by-step guide:

Step 1: Find Your New Accountant

Do your research and find a new accountant who understands your industry, goals, and challenges. Look for an accountancy practice that offers the right mix of expertise, personal attention, and scalability. This is where we excel. Our team is not just focused on numbers—we’re committed to being your business partners, supporting you through every phase of your journey.

Step 2: Let Your New Accountant Handle the Switch

Once you’ve chosen a new accountant, the good news is that they do most of the heavy lifting. All you need to do is inform your current accountant of your decision to switch. Your new accountant will handle the transfer of records, including obtaining the necessary handover documentation from your previous accountant. This is called Professional Clerance.

This process is typically smooth and efficient. We take pride in managing transitions seamlessly, ensuring that your business continues to operate without interruption.

Step 3: Provide Authorisation

Your new accountant will need your authorisation to contact your previous accountant and HMRC. You’ll usually just need to sign a simple letter of engagement (or new client pack) that outlines the services you’ll be receiving and gives permission for your new accountant to manage the transition on your behalf.

Step 4: Review and Update Your Accounts

Once the transfer is complete, your new accountant will review your accounts and ensure that everything is up to date and compliant. This is an excellent opportunity to identify any areas where you could improve your tax efficiency, cash flow, or growth strategy.

At our practice, we’re committed to doing more than just taking over the reins—we’ll dive deep into your financials to uncover opportunities for savings and growth from day one.

3. What to Expect From Your New Accountant

When you switch to a new accountant, it’s not just about maintaining compliance—it’s about elevating your business. Here’s what you can expect when you make the switch to a practice like ours:

• Proactive advice: We don’t wait for you to ask questions—we provide insights that help you make informed business decisions.
• Tailored support: Whether you’re just starting out, planning for growth, or managing a mature business, we tailor our services to your specific needs.
• Growth-focused partnership: We believe in being your business partners, working with you to achieve your business objectives, whether that’s expanding into new markets, reducing tax liabilities, or planning for the future.
• Transparent fees: We believe in clear, upfront pricing with no hidden surprises. You’ll know exactly what you’re paying for and the value you’re getting in return. We’re also happy for you to spread the costs over Direct Debit, if that makes things easier for you.

4. Switching Accountants Can Help Your Business Thrive

Changing accountants isn’t just about moving from one service provider to another—it’s about finding the right partner for your business. A great accountant can help you streamline operations, improve profitability, and set you up for long-term success.

We understand the unique needs of businesses along every stage of their journey. We’re here to help you not only comply with tax regulations but also grow, innovate, and reach your full potential.

Conclusion: Don’t Settle—Switch for Success!

Switching accountants is easy, and the benefits can be transformative for your business. If you’re not getting the value, support, or proactive advice you deserve from your current accountant, it’s time to explore new options. Our practice is Big Enough to Know and Small Enough to Care, offering the expertise you need and the personal attention you want.

Ready to make the switch?

Contact us today and let’s start building a brighter, more profitable future for your business! We’ll handle the transition, so you can focus on what you do best-growing your business from inception through growth, to maturity.