Best Time To Change Accountant

[kaiser78]

All - I am looking to change my accountant possibly later this year. When is the best time during the accounting cycle to change, for example, when accounts have been prepared and submitted, or before this or does it not matter ?

I have read of some accountants who charge a back fee for changing mid term, so is there a recommended time to change over ?

[Kenny@MyAccountantFriend]

Generally speaking I would say at your company year end.

If however you have reason to move due to poor service or similar reasons the sooner the better.

This is due to a lot of accountnay charging monthly fees so you won't have to possibly double pay if moving mid year, however some accountants won't charge a balancing payment so best to ask when changing.

[northernladuk]

We did this last week if it's any help...

http://forums.contractoruk.com/accou...commend-4.html

[kaiser78]

Thanks for the responses.

This has got me thinking, with my accounting year end in April and last year's accounts filed, would now be a good time to switch over, as I will not have used much of the current accountants time (and therefore fees - I pay annually), and also so that the new accountants can prepare the accounts for 2015/16 at the appropriate moment ?

[northernladuk]

What's the reason for changing? IMO if they aren't performing very well or are too expensive I'd be looking to go as soon as. If you are moving to a decent setup they should be able to pick you up.

I'd have a chat to the new people and see what works best for you both IMO.

[Kenny@MyAccountantFriend]

Thanks for the responses.

This has got me thinking, with my accounting year end in April and last year's accounts filed, would now be a good time to switch over, as I will not have used much of the current accountants time (and therefore fees - I pay annually), and also so that the new accountants can prepare the accounts for 2015/16 at the appropriate moment ?

This should all be possible as you pay annually, you will only get a bill for your time to date and then a bill possibly from the new accountants when they complete your 2015/16 accounts for you.

[Waldorf]

I would agree at the year end normally, however there are many accountants who are offering 'no transfer/catch up fees' so have a look around and ask , you should be able to find someone who will take you on with no penalty.