Running a business can be tough. Keeping track of money, taxes, and reports takes time and effort. Your accountant should make this easier. But sometimes, your accountant may not meet your needs. In these cases, it might be time to find someone better.
If you are thinking about switching accountants, this guide will help you. We will share seven clear signs that indicate it’s time to change. We will also give tips on how to find a new accountant without stress.
Why It Matters to Have the Right Accountant
Your accountant is more than someone who files your taxes. They guide your finances, help you plan, and save you money. A good accountant keeps your business on track. A poor accountant can cost you time, money, and peace of mind.
When you notice problems early, you can act fast. Choosing the right accountant can make your business stronger.
Sign 1: Poor Communication
Communication is key. If your accountant rarely answers calls or emails, it is a red flag. You should not feel ignored.
How to Identify Poor Communication
- Slow replies to questions
- Answers that are confusing or incomplete
- Lack of updates about deadlines or changes
If you notice this, it can lead to mistakes and missed opportunities. A new accountant will communicate clearly and keep you informed.
Sign 2: High Fees Without Value
Accountants charge fees, but the price should match the service. High fees alone are not enough.
Red Flags of Poor Value
- You pay a lot but get little guidance
- They do only basic tasks like filing taxes
- No advice on savings or business growth
A good accountant shows the value in every pound you spend. They save you money through smart planning and advice.
Sign 3: Lack of Expertise
Rules and laws change often. Your accountant must stay up to date.
Signs of Limited Expertise
- Missed deadlines or late filings
- Incorrect tax advice
- Lack of knowledge about your industry
An experienced accountant will anticipate changes and help you avoid mistakes.
Sign 4: Inability to Support Growth
As your business grows, your needs change. Some accountants are good for small businesses but not for bigger operations.
Growth Challenges
- Expanding to new markets
- Managing payroll for more staff
- Handling complex tax structures
A proactive accountant helps you plan and grow without stress.
Sign 5: Poor Technology Use
Modern accountants use technology to save time and improve accuracy.
Technology Gaps to Watch For
- They rely only on paper records
- No online access to reports or statements
- No experience with software like Xero, Sage, or QuickBooks
A tech-savvy accountant provides faster reports and easier access to your financial data.
Sign 6: Lack of Proactive Advice
A good accountant does more than just record transactions. They offer advice for savings, investments, and planning.
Examples of Proactive Advice
- Tax planning tips
- Business growth strategies
- Recommendations to reduce expenses
If your accountant never offers suggestions, you may be missing opportunities.
Sign 7: Feeling Uncomfortable or Distrustful
Trust is vital. If you feel uncomfortable or unsure about your accountant’s work, take it seriously.
How to Gauge Trust
- You question their advice often
- You feel nervous about your finances
- You worry about errors or missed filings
Your accountant should give you confidence, not stress.
How to Find a New Accountant
Finding the right accountant does not have to be hard. Focus on experience, communication, and industry knowledge.
Step 1: Ask for Recommendations
Talk to other business owners. Personal referrals often lead to trustworthy accountants.
Step 2: Check Credentials
Look for certified accountants. In the UK, this includes ACA, ACCA, or CIMA qualifications.
Step 3: Review Experience
Pick someone who knows your industry. Experienced accountants understand common challenges and opportunities.
Step 4: Meet and Interview
Face-to-face meetings show if they are a good fit. Ask clear questions about services, fees, and communication.
Tips for a Smooth Transition
Changing accountants can feel stressful, but planning helps.
Organize Your Records
Gather bank statements, invoices, payroll records, and tax documents. Organized records make the transition faster.
Plan the Timing
Pick a time when financial work is lighter, like after tax filing. This reduces pressure on your business.
Discuss Expectations
Talk to your new accountant about reports, deadlines, and communication. Clear expectations prevent confusion.
Benefits of Switching Accountants
Changing accountants can feel intimidating, but the rewards are worth it.
Better Financial Management
A skilled accountant helps you track income, expenses, and taxes efficiently.
Time Savings
Less time spent chasing errors or missing documents means more time for your business.
Peace of Mind
Knowing your finances are in good hands reduces stress and worry.
Strategic Growth Support
A proactive accountant advises on business expansion, tax planning, and cost-saving opportunities.
Common Mistakes to Avoid
Even with a new accountant, mistakes can happen. Avoid these:
Rushing the Choice
Take time to find someone who fits your needs.
Ignoring Fees
Understand fees upfront. Hidden costs can cause frustration.
Neglecting Communication
Make sure your accountant answers questions clearly.
Not Reviewing Work
Even with a new accountant, review reports and filings. Stay engaged with your finances.
How Lanop Business & Tax Advisors Can Help
At Lanop Business & Tax Advisors, we guide UK businesses through accounting challenges. We help with compliance, taxes, and strategic advice.
We understand that choosing a new accountant can feel stressful. That’s why we focus on clear communication, accurate work, and practical guidance. Our clients trust us because we combine expertise with a personal approach.
Whether you are thinking about switching accountants or want better financial support, we are here to help. Our team ensures a smooth transition and offers advice that helps your business grow.
Questions to Ask a Potential Accountant
When meeting a new accountant, ask these questions:
- How long have you worked with businesses like mine?
- Can you handle payroll, VAT, and taxes?
- How often will you update me?
- What accounting software do you use?
- Can you help with tax planning or savings?
Good answers show their experience and build trust.
Moving Forward Confidently
Switching accountants can seem daunting. But with the right approach, it is simple. The right accountant saves time, reduces stress, and helps your business grow.
At Lanop Business & Tax Advisors, we focus on clarity, accuracy, and proactive advice. We help businesses feel confident about their finances and plan for the future.