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Thinking About Changing Accountants? Don’t Let These Fears Hold You Back

Jul 5, 2016 10:10:51 AM / by Brian Paulson posted in small business accounting


Trust Your Gut

If you’re already thinking about leaving your current accountant, you’re ready to move on. Don’t settle for inconsistent or lackluster service; the success of your business relies on timely and accurate bookkeeping, accounting, and tax preparation.

Reasons You Should Change Accountants

There’s a wide variety of accounting options available, all with varying levels of service. And you may have made the decision to work with an accountant early on. That doesn’t mean you should ignore a poor working relationship or feel stuck with a service.

Business owners who make the switch tend to feel that their current accountant has one or all of the following tendencies:

  1. They only reach out during tax time.
  2. They use accounting lingo that is confusing.
  3. They make your business feel like “small potatoes” compared to “more important” clients.

These are all valid reasons to find a new accountant, one who is receptive to your needs, fosters open communication, treats your business as their own, and remains proactive with suggestions for growth.

Fears that Disrupt Business Growth

People tend to fear change, that’s understandable. But fear of change shouldn’t hold back your small business. If you’re thinking about switching accountants, do you have any of the following fears?

1. What if I’m making the wrong decision?

The mere fact that you’re considering a switch should put this fear to bed. The wrong decision would be to remain complacent with your existing accounting situation. Maybe you’ve outgrown your accountant, need more than annual services, or simply need to shift to one with more experience in your industry.

2. I’ve got too much going on right now.

If you are waiting for the right time to make the change, it will never happen. As a small business owner, you will always be busy. However, once you make the switch, you may find that the process was easier than expected.

3. I don’t want a new accountant to know the truth about my business.

Don’t avoid issues that are hurting the bottom line. The best accounting firms should feel like an extension of your business. Don’t let this fear stop you from establishing an open and honest line of communication with a new accountant. Burying messy records or past accounting problems is never the way to get ahead.

4. I can’t afford a different level of service.

Monthly accounting services provide substantially more value than only an annual service. If an accountant only sees your numbers once a year, it is too late to offer advice that would have helped to make that year more profitable. And definitely too late to lower your tax liability for a year that is already wrapped up.

Make a Proactive Decision to Switch Accountants

Yes, the decision to switch accountants for your small business should not be taken lightly. However, the process for handing over the accounting activities to a new firm isn’t as difficult as you may think. Many of our clients find a sense of relief after the change has been made and express the feeling that they should have made the commitment sooner. Remember, there isn’t a perfect time to switch accountants, if you’re already thinking about making a change, it’s probably a good indication that you should trust your instincts.

Wondering if switching to CSI Accounting & Payroll monthly services is the right choice for your business? Schedule a free, in-person consultation with us today!

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Brian Paulson

Written by Brian Paulson

Brian received his Bachelor’s degree from the University of North Dakota with a double major in accounting and financial management. He’s a member of both the National Society for Tax Professionals and the National Society for Accountants and serves on the board of directors for the Professional Association of Small Business Accountants.