• Katie Bunting

How to Change Your Accountant

One question that we get asked when talking with a potential new client is 'how do I change my accountant'. 

There are many reasons that you may be thinking about changing your accountant:

  • Are getting value for money with your current accountant ?

  • Do they understand you and your business? 

  • Have they taken the time to get to know your plans for future growth or do you feel that they lack a personal touch?

  • Are all of your tax returns filed on time?

  • Maybe your current accountant doesn't provide a cloud accounting solution – they are stuck in the past.

Whatever the reason, we can help you to change your accountant and allow you to focus more of your time and energy into growing your business.

There are a few things you should think about before you change. For example, you should try to make sure that you are not changing during a busy period such as the end of your financial year. This may make the whole process a lot more complicated and stressful for yourself.

So, the steps to changing your accountant:

  1. Have an initial meeting with your chosen accountant to ensure they are going to be the right accountant for you and your business. Get to know each other and your expectations.

  2. Inform your current accountant about your decision. You need to let them know your new accountant's details and explicitly inform them that you allow the transfer of all information that is relevant and necessary for them to carry out their engagement. (This usually involves any tax calculations/ returns/ copies of HMRC correspondence/ filing codes / HMRC reference numbers etc)

  3. You will then send your new accountant the contact details of your old accountant.

  4. Your new accountant will write to them to request all information needed, this should be done with a professional clearance letter.

  5. The old accountant will send your new accountant all of the relevant information.

  6. You will then go through the process of assigning authority through HMRC for your new accountant to act upon your behalf – your new accountant will help with this.

You should now have changed accountants successfully and can work together with your new accountant to fulfil your business's needs

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