Switching accountants

The relationship between a contractor and their accountant is core to the success and profitability of your business. However, there may come a time when, for one reason or another, you need to change your accountant. Whatever the circumstances, it is imperative that the changeover be handled smoothly in order that there be no interruption to the professional financial support your business requires. 


Check the details of your agreement

You can save yourself trouble by checking the details of your agreement with your current accountant to ensure that there are no special circumstances that apply to transferring your custom to a new provider.   


Timing your switch

An important consideration will be the timing of the switch.  It may not be practical to wait for an obvious cut-off point such as the end of a financial year. Find out from your accountant how much more you would need you to pay for the current accounts to be completed, there is no harm in asking after all you may have been considering closing. Once you know feel free to give us a call and we will be happy to work out with you an easy switch and may be able to complete some of the outstanding work for you. 


The switching process

Once you are ready to switch we can write to your current accountant, notifying them of assumption of responsibility for your business and requesting ‘professional clearance’ (essentially confirmation that there is no reason not to take you on as a client) along with any relevant paperwork.  Your current accountant, should provide the requested details within a ‘reasonable time’ which they are obliged to do. Once we are in possession of the relevant documents the transfer is complete!


Switching to Shield Accountancy could not be easier, speak to one of our new business team today on 01992 668599 or email us on info@shieldaccountancy.co.uk We will be able to walk you through every step of the process, so that the change goes smoothly and you can simply focus on what you do best: providing value to your clients.