Switching accountants - it's easier than you think

A question we hear often when meeting with small businesses who want to establish a relationship with us is this: 'How do we switch accountants? Where do we begin?'  and 'It's too difficult, I don't have the time right now'.

We also hear of many reasons from prospective clients on why they may be considering switching accountants. It may be because they are not receiving the service they would like or they are not getting the returns they would like in their small business.  Switching accountants may seem like a daunting process especially if you have been with your accountant for some time or if you have only ever had a relationship with your existing accountant. The good news is that the process is very straightforward and actually requires very little work by you. Here's how...

We can help you switch accountants

Whatever your reasons may be for switching accountants, it could be the best decision you ever make.

At Mirandus Accountants we can help you with:

• Reducing the amount of tax you pay by reviewing your current tax position.

• One-off services like annual accounts & corporate tax returns

• Avoiding penalties from HMRC for late submission or errors in your annual accounts and tax returns.

Mirandus Accountants will manage the switch over process for you, and work with you and your existing accountant to ensure the process runs smoothly and efficiently.

3 simple steps for switching accountants

1. Informing your existing accountant

The main action on your part is to inform your existing accountant formally via letter or email that you plan to switch accountants. You can also at this point consider any outstanding work to be completed. You can also discuss a handover date if there is outstanding work to be done, but also know that as your new accountant, Mirandus Accountants will also discuss the logistics of the switch to ensure a smooth transition.

2. Registering with us as your new accountant

We will send you our standard terms of engagement and quote for services, and if you agree and sign the engagement documents, we will then carry out anti-money laundering checks as per Anti-Money Laundering Regulations. This may sound time consuming, but usually only requires photo ID and proof of address from you, and a soft copy via email is fine versus original copies.

You are now our client and we will take over the communication with your old accountant and go through the clearance process, as outlined below.

3. Clearance process

We will write to your new accountant formally, known as the clearance letter. The letter will outline that you have engaged us as your new accountant, and we will ask if they think there are any reasons as to why they we not accept you as a client.

We will also ask for copies of previous accounts, tax records, tax returns and any other information we need to make the transition as smooth as possible.

And that's it!

We would be delighted to welcome you to the Mirandus family, and as you can see, the switch over to us would be painless and a move towards a successful and thriving business. You can read testimonials to see what our client say about us, here.

Why Mirandus Accountants?

Mirandus Accountants are your local accountants and tax advisers in Farringdon, Holborn, Clerkenwell, Blackfriars, Old Street and also Edinburgh & the Lothians, providing accounting services, tax returns, corporation limited annual accounting and are your trusted tax advisor, providing national and international advice.

You can contact us for a tailored solution to your unique business circumstances.

Whether you are an individual, freelancer, contractor or you run a small or medium sized business, sole trader or limited company, we can help to minimise your tax burden with our tax planning and tax advice services. That way, you can ensure you are only paying what you should be and nothing more.

We strongly recommend you speak with a tax and accounting specialist like Mirandus Accountants, who can provide expert advice for your business and personal tax planning needs.

Call us to book a free no-obligation meeting today.