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6 Things Holding you Back from Switching Accountants

September 2017

Switching accountants is quicker and easier than you think.

If you feel as though you’re not getting the quality of service you deserve or the right kind of advice when you need it most, then it’s time to think about switching accountants.

Maybe you think your accountant is charging too much and not reducing your tax liability enough. Maybe they’re not doing things on time either. Whatever it is, there is a way out. You don’t have to stick with them and their poor service.

But let’s be clear, switching accountants isn’t a decision you should take lightly. It’s something you should take time to consider carefully. With that in mind, here are six things that might be holding you back from switching that don’t actually have to hold you back:

1. You’re still waiting for your accountant to complete last year’s accounts

If you have been waiting for a long time you could be at risk of missing certain HMRC and Companies House deadlines. We offer a timely and efficient service, with a guaranteed turnaround of your accounts within 8 weeks of receiving all information from you

We’ll also make the relevant submissions correctly and on time to avoid the risk of penalties and tax investigations. And you’ll receive your final accounts quickly, allowing you plenty of time to make important decisions and plan for the year ahead.

2. You’re waiting until your business accounts year-end

All businesses are due to pay tax on profits at its year end. Therefore, you need to change accountants in advance of this, so that we can assess if any tax saving strategies can be implemented before your year end arrives. We will conduct a thorough review of your accounts and advise where and how we can reduce your tax liabilities.

3. You’re worried HMRC will start a tax investigation if you change accountants

HMRC do have various criteria for deciding who to investigate, but switching accountants is not one of them.

4. Your accountant is the only one who understands your business

All businesses benefit from a fresh pair of eyes from time to time. Especially, when there may be new practices, procedures and systems that your current accountant may not have knowledge of, which could be implemented for the benefit of your business.

When you switch to us, we will conduct a thorough assessment of your business and make recommendations to improve cost-effectiveness, tax efficiency and compliance procedures.

We will also help you source and implement any products, services or systems for the same purpose.

5. You don’t need an accountant; you have a bookkeeper and you do your own tax return

Anyone can become a bookkeeper: there is no need for them to have specialist knowledge or qualifications; however, we find that 9 out of 10 of our clients’ accounts, maintained by bookkeepers contain errors and omissions, usually owing to their lack of knowledge. This is especially true in the complex and ever-changing area of taxation.

We will thoroughly check your accounts, make any necessary adjustments to reduce your tax bill and ensure the return is submitted correctly and on time to avoid any penalties.

Having a properly qualified and trusted accountant is a worthwhile investment and pays for itself in the long run as the advice and potential tax savings can be significant.

6. Switching accountants is hard and laborious

Not true. We’ve put together a simple seven-step guide for you that will help you realise just how quick and easy it can be to switch accountants. It’s clear and concise. Even better, we do most of the legwork for you while you focus on your business and managing your personal affairs.

The next step?

Pop-in to either our Norwich, King’s Lynn, Cambridge, Ipswich, Dereham or Great Yarmouth office for a chat and a cup of coffee. Meeting face-to-face will help you make a more informed decision about whether switching accountants is right for you.

Please call us or use the contact form to book a free no-obligation meeting today and find out if switching to us is in your best interest.

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