Your Guideto Switching Accountants - No Stress, No Hassle
Changing accountants doesn't have to be a nightmare - with a bit of guidance and some expert support on hand, you can make the whole thing a breeze.
Getting Started with Changing Accountants
Switching accountants can be straightforward if you know what to expect. Many clients have switched to a new accountant smoothly, and we're here to help you do the same.
A smooth transition depends on understanding how the switch works and what your new accountant will do, such as professional clearance and tax affairs management.
At AccountingPreneur, we make the switch stress-free by managing the details, like professional clearance and ensuring accounts and tax returns are current.
Why Switch Accountants?
There are loads of reasons why folks like you decide to switch accountants:
- Business growth: As your business takes off, your current accountant might not have the expertise or resources to keep up with your evolving needs.
- Poor service or high fees: If you're fed up with the service or feel you're being taken for a ride on the fees front, it's probably time to look elsewhere.
- Outgrowing your old accountant: Your previous accountant might just not have the right skills to handle the complexities of your business as it grows.
- Wanting better support: Many of our clients switch to us because we offer a personal touch, a dedicated client manager, and a tailored approach that suits their business needs.
Making the switch is also a great opportunity to get your financial systems in order, ensuring they comply with the law and align with your business goals.
Getting Ready to Switch
To make the transition as smooth as possible, there are a few things you need to do:
- Gather all the relevant paperwork: Collect up your company accounts, tax returns, and any other bits and bobs you need.
- Let your current accountant know: Give your existing accountant a heads up and provide any necessary notice.
- Request a professional clearance letter: Your new accountant will handle this, asking your old accountant for one to make things easier.
- Chat to your new accountant: Talk to your new accountant about your goals, expectations, and any specific needs your business has.
At AccountingPreneur, we manage the transition for you, keeping it seamless and minimizing disruption.
How to Find the Perfect Accountant
Finding the right accountant for your business is crucial - here's what to look for:
- Expertise and experience: Make sure the accountant has the know-how to handle your company's accounts and tax affairs.
- A good reputation: Do some research and read some reviews to get a sense of their reputation.
- Dedicated support: A dedicated client manager can make a world of difference in the level of service you receive.
- Industry knowledge: Look for an accountant with expertise in your specific industry.
We pride ourselves on offering a personal service at AccountingPreneur, tailored to your needs. Our team provides expert advice, proactive support, and a seamless experience for all our clients.
What You Stand to Gain from Switching to AccountingPreneur
Making the switch to AccountingPreneur can bring loads of benefits, including:
- Improved service: We're dedicated to providing you with a personal touch and top-notch support.
- Increased expertise: Get access to a team of chartered accountants with extensive knowledge and experience.
- We are transparent and competitive on fees, so you get excellent value.
- Fresh perspective: A new accountant can bring fresh eyes to your financial affairs and spot areas for improvement.
- We make sure your accounts comply with HMRC rules and provide peace of mind.
Loads of our clients have reported improved cash flow, lower fees, and greater confidence in their business finances since switching to us.
How AccountingPreneur Makes Switching Easy
We've helped many clients switch easily. Here’s how we make it simple:
- Professional clearance: We'll sort out the professional clearance letter from your previous accountant to make the handover as smooth as possible.
- Gathering information: Our team will collect all the relevant paperwork and ensure your accounts are up to date.
- Dedicated support: You'll have a dedicated client manager to guide you through every step of the switching process.
- We handle details so you can focus on your business.
Frequently Asked Questions
1. What's the process for switching accountants?
Just let your current accountant know you're leaving, ask for a professional clearance letter, and have your new accountant sort out the rest.
2. Is it okay to switch accountants if I'm not happy?
Absolutely - it's perfectly fine to switch accountants if you're not getting the service you need or want a better fit for your business. 3. Is It Really That Hard to Change Accountants?
Changing accountants doesn't need to be a nightmare. At AccountingPreneur, we have the process down to a science, so making the switch is as painless as it gets.
4. What do I actually need to do to switch from My Current Accountant to a New One?
Alright, it sounds more complicated than it actually is. Just give your new accountant a shout, let them know you want to make the switch, and then let them sort the professional clearance and all that jazz out - they'll handle the transfer of your accounts and everything.
Need Help Making the Leap? Don’t Worry, We’ve Got You Covered
Changing accountants doesn't have to be a hassle - with AccountingPreneur, you can rest easy knowing we'll take care of the whole shebang, from getting the ball rolling on that transfer to making sure everything runs smoothly for your business.
What We Provide
A Designated Person
We will ensure that you have one person that is your designated team contact to ensure continuance. This person will be the one who runs your payroll so any queries will be handled quickly and with ease.
You will be given access to the payroll team and your contact via a direct phone line and email. All queries will be answered within a 24 hour period.
Salary Sacrifice
We can advise you on salary sacrifice options such as the provision of a company car for employees and any employment benefits such as bonuses.
HMRC
If an employee has an incorrect tax code, or a non-beneficial tax code, our team of experts will lease with HMRC on your behalf to sort this out.
We make sure that your systems are up to date with any changes in HMRC legislation and changes to PAYE schemes. Keeping on top of the constantly changing rules is vital to having a smooth running payroll system and avoiding any penalties for not doing so.
Safety and Security
Our state of the art payroll system ensures minimal room for errors. We also check the results to ensure a problem free payroll run every time.
All data is securely encrypted and stored for you to access at any time you need, for a minimum of seven years, as required by law.
Data security is our top priority and our portal is highly secure. We also use encrypted emails and have a secure online payroll dashboard for employees
Reporting to HMRC
Our payroll software will send a Full Payment Submission (FPS) to let HMRC know about all payments to your employees including any deductions that you have made.
We make sure that the FPS is sent on or before your employees’ payday as per HMRC guidelines even if you pay quarterly rather than monthly.
HMRC require a consistent reporting of pay. For example, even if payday falls on a Bank Holiday and employees are paid early, they still want the entry on the regular payday. We make sure of this consistency.
Payments
We are approved to pay salaries via BACS and can also make any pension payments, HMRC and 3rd party payments on your behalf.
Most importantly, we ensure your employees are paid the correct amount every time and on time.
We understand that payroll is something that you just want to run smoothly without having to worry about it.
Your staff want to be paid the right amount, on time, every time. We know that you want to ensure this happens.
At AccountingPreneur, our systems ensure that this is exactly what happens. Contact us today to find out how we can help you with your Payroll.
Auto Enrolment Systems
We can advise on and set up auto enrolment pension or personal pensions such as SIPPs. This will ensure the smooth running of any pension plans taking the pressure off you and making sure you are compliant with all legislative requirements.
