Switching Accountants

Accountancy is a service like any other, and if you are not getting the high standard of service you need and deserve, you may need to consider finding a new accountant. In fact, there are lots of reasons why a person or business might consider changing accountants, and making the switch could deliver benefits.

Some of the most common reasons to think about switching accountants include:

  • Your business may have outgrown your existing accountant;
  • You may have received inappropriate advice; 
  • Your accountant may be slow to respond;
  • You may not be getting excellent value for money; or
  • You may just want a pair of fresh eyes to look over your affairs.

At Monetta, we know that it can be daunting to consider changing your accountant, even if it could prove vital to the future of your business. To make things easier, we have simplified the process to just three quick steps - so, no matter your reason, you will find changing accountants a smooth and stress-free process.

Monetta will do all the work behind the scenes to make the switch, and you can start benefiting from our accounting services straight away. We offer a large range of relevant services thanks to our network of resources around the UK. At the same time, we provide the high levels of communication and customer support you would expect from a local firm. We will always start by listening to your business’ goals, to make sure we deliver the exact advice and services you need.

Find out more about how to switch accountants or start the process today. Call Monetta or use our online enquiry form to request a call back.

How to change accountants

How easy is it to switch accountants? Monetta has made it as straightforward as possible, so it may be easier than you realise. Here is how you can change accountants in just a few simple steps:

  1. Meet with one of Monetta’s partners, for a free, no-obligation consultation to discuss your needs.
  2. If you decide that our accountants are right for you, inform your existing accountant that you want to change and give them written authority to provide information to Monetta.
  3. Provide us with some basic details, which will allow us to complete our anti-money laundering review and other identity checks.
  4. Finally, sign paperwork to allow HMRC to discuss your tax affairs with us.

That is all that is required from you; we will take it from there. 

Our next step will be to write to your former accountant to request professional clearance and a copy of the historic information that will allow us to start managing your accounts. In accordance with guidelines from the Institute of Chartered Accountants of England and Wales (ICAEW), we will issue you with an Engagement Letter which sets out in detail what you can expect from us.

When is the best time to change accountants?

You can switch accountants at any time during the year, but there may be cases where this could disrupt your accounting and lead to problems. Monetta can advise you on the best time to make the switch to ensure a smooth transition and to avoid missing any filing deadlines.

There can be serious penalties for any mistakes, so it is vital to take this step at the right time. However, by speaking to us at the earliest opportunity, we can make sure the transition is ready to go at the right time and minimise any disruption for you when you are changing accountants.

Why Monetta?

At Monetta, we have many years of experience as accountants for individuals and businesses alike. With branches in Liverpool, Manchester, and Newton-le-Willows, we have the network and resources to deliver services at the largest scale. At the same time, we invest in every client in the way that a local firm would, to make sure we guide you towards your specific financial objectives and provide the exact services you need.

Because we work with businesses of all sizes and across all industries, we can advise you on meeting your obligations even in cases where there are sector-specific rules to consider. With remote working powered by digital technology, we offer services and expert advice in all parts of the UK.

That experience translates to our work with individual clients. No account is too big or too small, and thanks to our knowledge of tax reliefs and allowances that might apply, we can often help to save you money. Alongside that, we will always ensure that your accounts remain in full compliance with the law.

If you are unsure about changing accountants or simply want to explore other options, we will be happy to discuss the services we offer. Call us for a free, no-obligation consultation to learn more about what makes Monetta stand out as the UK’s go-to accountancy firm for individuals and businesses.

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