Should you switch your Accountant during Covid-19? - Spotlight Newport
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October 1st, 2020
General News

Should you switch your Accountant during Covid-19?

Changing accountant switching your accountant

Changing your accountant is something that always seems like it is going to be more trouble than it is worth. You know them, they have been doing your accounts for a while, but you never really hear from them, unless you call them about something. Sound familiar? Will it be complicated to change? Not really – and here are some reasons why you should!

Value for Money

Not all services are equal, and you should think about what your bookkeeper or accountant is providing you with. Are they very hands off, just preparing and submitting your end of year accounts, or are they helping you with payroll, bookkeeping, setting you up on cloud-based software, VAT returns and so much more. Are they regularly giving you advice on the best options for your business? Now is the time to check to see what you are actually paying for, service-wise.

Service

Do you have regular time set aside with your accountant?  Some time where they get you involved in the finance side, letting you know where you are, and what you could potentially do to improve your business, and the ramifications of making certain decisions?  Have they kept in contact with you during Covid-19, letting you know what grants and loans are available, and helping you apply for the support that is out there for your business.  Are they proactive – helping you before you even know you need the help, or are you constantly chasing them, trying to get answers when you need them?

Your accountant or bookkeeper should be there, involved in the business, and helping to guide you to make the decisions that make the best financial and business sense. The right advice at the right time could save you and your business a considerable amount of money.

How to change

Change of any type can be a scary thing. But it’s a pretty easy thing to change your accountant. All you actually need to do is decide who you would like to help you, and to let your old bookkeeper or accountant know that you would like to end your contract with them.  Your new bookkeeper or accountant takes over from there, and will arrange for everything to be transferred to them. Changing your accountant couldn’t be easier!

 

Mark and the team at Choice Bookkeeping have been helping both old and new clients during Covid-19. Unlike many companies, they stayed open for business, and Mark refused to furlough his staff, instead, having them help businesses claim thousands of Pounds in Covid support, without any extra charge. They also submitted furlough claims for their clients free of charge. Mark has proudly helped local businesses throughout Wales with everything from proactive advice, submissions of VAT returns, payroll and more.

 

If you would like to talk to Mark and the team at Choice Bookkeeping about how they can help your business, you can contact them here.  They are a great alternative to expensive accountants. With offices in Monmouthshire and Pembrokeshire, they cover all of South and West Wales, and can make sure your accounts are fully up to date and compliant.

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