Choosing the right accountant is one of the most critical decisions for your business. They aren't just there to crunch numbers and file returns; they should be a trusted partner helping you navigate the complexities of business finances. If your current accountant isn’t delivering the insight, advice, or accessibility your business needs, it might be time for a change.
Switching accountants in 2025 is easier than you might think. Here’s how the process works:
1. Inform Your Existing Accountant
Notify your current accountant that you’ve decided to move on. You can either:
Have your new accountant prepare and send a signed letter on your behalf, or
Contact your current accountant directly to let them know about the change and authorise them to release necessary documents
2. Your New Accountant Gets in Touch
Your new accountant will handle the communication with your previous accountant, formally requesting all the relevant paperwork needed to take over. This ensures a smooth transition and avoids any disruption to your financial operations.
3. Transfer of Documents
The transfer of documents is usually straightforward. Many firms handle this electronically, but arrangements can be made to pick up or receive physical copies if needed.
4. HMRC Authorisation
To fully act on your behalf, your new accountant will request authorisation codes from HMRC. Once you receive these codes and share them with your new accountant, the transition is complete.
Why Consider a Change in 2025?
With tax regulations evolving (such as HMRC’s ‘Making Tax Digital’ initiative), your accountant needs to stay ahead of the curve with technological know-how and proactive advice. Beyond compliance, they should act as your business planning partner, helping you maximise profits, improve efficiency, and achieve your goals.
If your current accountant isn’t meeting these expectations, changing accountants can give your business a fresh start and set you up for success in 2025 and beyond.
Ready to switch? At Culverhouse & Co, we make the process seamless, ensuring your business transitions smoothly without missing a beat. Get in touch today to see how we can help.