Switching your accountant is a lot easier than you think - to do so, you’ll need to do the following:
Inform Your Current Accountant
Get in contact with your current accountant and make them aware of your desire to switch. Some accountants require you to provide them with a notice period, so let them know in good time.
You may be making monthly payments to your current accountant, in which case it might be worth continuing with them until your commitment with them ends - this is usually at the end of your accounting period end.
Your period end is 31 March and the current date is 31 January. You’ve probably already made ten payments towards your period end accounts and so it would probably be worth paying for two extra months, getting your current accountant to submit your accounts, tax returns, etc and then switching.
Meeting With Us & Money Laundering Checks
We are required to confirm the identity and verify the address of each of our customers. We are therefore obliged to meet you in person and take a copy of your ID and proof of your address - it also allows us to put a face to a name.
For a list of documents we can accept, click here.
New Client Form Completion
We’ll send you a new client form via email for you to fill in where we’ll ask you to provide your details along with your current accountants contact information - we’ll ask you for their:
We’ll then get in contact with your current accountant to request your ‘linking information’ from them. They’ll usually provide us with the last set of accounts or tax return that they submitted on your behalf plus a breakdown of the figures. We can only request this information once they’ve completed your final accounts or tax return for you.
We’ll also ask your current accountant whether there is any professional reason why we should not act for you. The most common reason that they would object is if you have not paid your final bill with them.