There is no specific time frame for businesses to change accountants. However, it is recommended that businesses evaluate their relationship with their accountant on a regular basis and consider changing accountants if they are not satisfied with the quality of service or the fees being charged. Here are some factors to consider when deciding whether or not to change accountants:
- Quality of service: Businesses should evaluate the quality of service they are receiving from their current accountant. Are they responsive and proactive in providing advice and guidance? Are they meeting deadlines and providing accurate financial reports?
- Industry expertise: Businesses should consider whether their current accountant has the necessary expertise in their industry to provide relevant advice and guidance. If the accountant lacks industry-specific knowledge, it may be time to look for a specialist accountant.
- Fees: Businesses should evaluate whether they are receiving value for money in terms of the fees charged by their current accountant. If the fees are high and the service is not commensurate, it may be time to look for a more cost-effective alternative.
- Personal fit: Businesses should consider whether they have a good personal fit with their accountant. If they are not comfortable with the accountant or there is a lack of trust, it may be time to consider a change.
In summary, businesses should evaluate their relationship with their accountant on a regular basis and consider changing accountants if they are not satisfied with the quality of service, industry expertise, fees or personal fit. If you’re considering changing accountants then we’d love to hear from you. We’ll answer any questions you have and be very transparent in how they engagement would proceed. Please contact us ASAP.