You all know how easy it is to switch your electricity provider – well, it’s even easier to change your accountant.
There is a big myth that you can’t move accountants – but the reality is that you can move at any time, you are not bound by contract and you can move freely and as often as you wish.
The next big question is ‘how do you move accountant’ – and how difficult is it?
The simple answer is it’s very easy to move and your new accountant will handle it all for you. I like to think it’s as simple as a pen and a passport. By that, I mean that all you need is some ID and a pen to sign a few forms and letters.
We always welcome new customers along for a “free” no obligation meeting. In that meeting, we get to know you and your business. We ask you to bring along some ID, your most recent accounts and or tax returns, and we will discuss some general information about you and your business. When we meet we nearly always quote our fee so you know what services will be covered and the cost for these services.
If you then decide to take up our services and move over to us there are a couple of forms to sign, and then you are ready to move. The first job for us is to write to your previous accountant to say Bantofts will be taking over. It’s a standard letter called professional clearance, and all registered accountants have to do this. They reply direct to us handing over any documents and information we need.
Sometimes the old accountant will send you a letter, which is called a disengagement letter. If you receive this you need to reply immediately by signing and returning it to them. Sometimes this is required before they will forward any handover information to us.
So you can see how simple this is! Often we have people say afterwards how easy it was and they wish they had done it years before.
Many of our new clients do come to us from other accountants or professional advisors. Some have often been with their current advisor for years and have a great loyalty, something we also hope to have from our customers.
So if you are thinking of a move, please get in touch for a free meeting and let us show you how we can work as a team.