Have you made the positive move to partner with an accountant who better suits your needs?
If so, you may be thinking, what next? How quickly will the move of accountants take and how long will it take for my new accountant to get up-to-speed with my financial affairs?
Switching accountants may seem like a daunting and long-winded process, especially if you have been with your existing accountant for a long time. The good news is that the process of switching accountants is very easy and requires very little work by you. Read on to learn how to take that all important next step.
Southside Accounting can help you switch accountants
Southside Accounting can help you with:
- Reducing the amount of tax you pay by reviewing your current tax position
- One-off services like annual accounts & corporate tax returns
- Avoiding penalties from HMRC for late submission or errors in your annual accounts and tax returns.
Southside Accounting will manage the switch over process for you, and work with you and your existing accountant to ensure the process runs smoothly and efficiently.
Very little work is required by you once you have made that all important decision to make the switch.
3 simple steps for switching accountants
1. All you need to do is inform your existing accountant
The main action for you to get the ball rolling is to inform your existing accountant formally via letter or email that you plan to switch accountants.
You can also at this point consider any outstanding work to be completed. You can also discuss a handover date if there is outstanding work to be done, but also know that as your new accountant, Southside Accounting can will also discuss the logistics of the switch to ensure a smooth transition.
2. Registering with us as your new accountant
We will send you our standard terms of engagement and quote for services, and once signed, we will then carry out anti-money laundering checks as per Anti-Money Laundering Regulations. This may sound time consuming, but usually only requires photo ID and proof of address from you, and a soft copy via email is fine versus original copies.
You are now a Southside Accounting client!
We will take over the communication with your old accountant and go through the clearance process, as outlined below.
3. Clearance process
We will write to your new accountant formally, known as ‘clearance’.
The letter will outline that you have engaged us as your new accountant, and we will ask if they think there are any reasons as to why they we not accept you as a client.
We will also ask for copies of previous accounts, tax records, tax returns and any other information we need to make the transition as smooth as possible.And that’s it!
Our commitment to you
We would be delighted to welcome you to the Southside Accounting family!
Switching accountants does not need to be painful and making the right move for you and your business is a step towards a successful and thriving business.
You can read testimonials to see what our client say about us, here.
You can contact us for a tailored solution to your unique business circumstances. Whether you are an individual, freelancer, contractor or you run a small or medium sized business, sole trader or limited company, we can help to minimise your tax burden with our tax planning and tax advice services. That way, you can ensure you are only paying what you should be and nothing more.
We strongly recommend you speak with a tax and accounting specialist like Southside Accounting who can provide expert advice for your business and personal tax planning needs.
Call us to book a free no-obligation meeting today.