7 Signs You Need A New Accounting Firm

May 12, 2021

7 Signs You Need A New Accounting Firm

The longer you’ve worked with an accounting firm, the harder it can be to part ways with them—that is, if circumstances have led you to consider finding a new accounting services provider.

While it’s true that changing accounting firms comes with its own challenges, knowing when it’s time for a change can benefit your business in the long run.

  1. They’re getting harder to reach. You should be able to ask your firm for advice when you need it, which will enable you to make timely business decisions. You shouldn’t have to wait for answers or do a lot of traveling to reach them.
  1. They’re difficult to talk to. Chances are, you’ll be more familiar with the jargon of your own industry than you are with accounting terminology. Your firm should be able to explain things to you clearly using words you can understand.
  1. They only hustle when a deadline is near. Keeping your finances in order is a year-round process which involves planning well ahead of time. This means you shouldn’t have to rush if tax dues or any other deadlines are coming up. 
  1. They don’t keep tabs on IRS news. Busy business owners like you don’t often have time to stay on top of news that affect taxes and other financial aspects of your business. Your firm needs to be the one to keep watch for you—to make sure you don’t pay more than you have to for taxes, and that you’re able to benefit from any programs that have just been announced.
  1. They don’t seem to be providing added value. Your firm should be providing insight that helps your business save, as well as earn, more. If you feel that you don’t seem to be getting the full value of what you’re paying them, it may be time for you to have a talk with them.
  1. They don’t seem to understand your business or industry. Every business has its unique needs, and all industries each have their own regulatory requirements that can have an impact on the way they manage their finances. Your firm should be familiar with these requirements and be able to help your business to navigate them.
  1. They’re not using the latest accounting software. Not using cloud accounting methods or updated software is as much of a problem for a firm’s clients as well as its own accountants.  You may be running the risk of inaccuracies, or not be up to date yourself, as your firm should be able to teach you how to use the software they’re using for you.

We know it’s not an easy decision to make, and you may want to discuss this with someone familiar with accounting for businesses like yours. For personalized advice on finding the right accounting firm for you, we’d like to invite you to book a discovery call with us, today.