Is it time to switch accountants? When you know how to do it, switching accountants is easy.
Let your current accountant know.
- Effective communication with your existing accountant is essential during the switching process. Be clear and honest about your intentions to make a change.
- Schedule a meeting to discuss your decision. We suggest you outline the reasons for the switch and express appreciation for their services up until this point.
- Being respectful can foster goodwill, which is important if further support or information from them is needed during the transition.
- You will need to sign a new engagement letter with your new accountant – Baverstocks.
- We will then take care of the rest, including obtaining a professional clearance letter from your previous accountant.
Settle unpaid fees
In most cases, it is advisable to settle any outstanding bills with your old accountant before initiating the switch. Clearing these obligations can prevent complications during the transition and ensure that you receive all your necessary documents without delay.
Outgoing accountant responsibilities
When switching accountants, your outgoing accountant is legally required to provide certain documents. These typically include:
- Your financial statements.
- Tax returns.
- Records of any outstanding obligations.
- Notes regarding ongoing projects or issues.
How long does changing accountants take?
The timeframe for changing accountants can vary significantly based on several factors. On average, the process can take anywhere from a few weeks to a few months, depending on the complexity of your financial situation and responsiveness of the outgoing accountants to provide the relevant paperwork.
Make Baverstocks Your New Accountants.
Change accountants today.
When you first reach out to us you will be allocated a dedicated accountant as your point of contact.
Don’t be afraid to ask questions or seek advice from us.
