10 Warning Signs It’s Time to Change Your Accountant

Switching accountants can be a significant decision, as you’re entrusting a new professional with the responsibility of calculating your tax liability, filing your tax returns, and applying expert knowledge to minimize your tax burden. While it may not always be apparent that a change is necessary, this article highlights 10 warning signs that it might be time to find a new accountant.

1. Incomprehensible Jargon: A good accountant should be able to communicate complex tax and accounting concepts clearly and clearly. If you’re consistently confused by what your accountant is telling you and they’re not making an effort to clarify, it may be time to consider a change.
2. Unreliability Reliability: Missed deadlines, last-minute cancellations, lost documents, or unreturned calls can lead to serious consequences, such as penalties or HMRC investigations.
3. Lack of Priority: While your accountant may have multiple clients, you should never feel ignored or deprioritized. If it’s consistently difficult to get ahold of your accountant, it might be time to switch to someone who values your business more.
4. Outgrown Expertise: If your business has grown significantly, you may need to reassess your accounting needs. Your current accountant may no longer be able to support your expanding business requirements, and finding a more suitable professional is essential to avoid stifling your growth.
5. Auditor Familiarity: For businesses requiring audited accounts, it is best practice to rotate auditing firms regularly to maintain objectivity and impartiality.
6. Need for Fresh Insight: A good accountant should be able to offer valuable insights and advice for business development and growth. If your current accountant is only providing you with numbers and spreadsheets, it might be time to find someone more invested in your business’s success.
7. Inability to Cater to Specific Needs: If your business requires specialized accounting services, it’s important to find an accountant with the necessary expertise and experience.
8. Feeling Like You’re Managing Your Accountant: Your accountant should work seamlessly behind the scenes, providing timely reminders and support. If you feel like you’re managing them instead, it’s a sign that it’s time to switch.
9. Lack of Future Tax Liability Planning: A good accountant should be proactive in considering your future tax liabilities, spotting opportunities for effective tax planning in the years to come.
10. Poor Value for Money: While cost is often a deciding factor when choosing an accountant, it’s essential to consider the value of the service provided. If you’re unhappy with the service you’re receiving, it might be worth considering a change, even if it means paying a higher fee.

Switching to a new accountant doesn’t have to be a daunting process. A free consultation with a qualified professional can help you determine if it’s the right move, and they can handle the transfer of your historical tax information to ensure a smooth transition. If you are ready for a change and looking for proactive services, please contact Tax Accountant at 0800 135 7323 or email info@taxaccountant.co.uk for expert advice.