How Do I Break Up With My Accountant?

You would not believe how often I get this question. It's often hard or unclear how you should end things with a service provider, but especially a finance pro! Ideally, your accountant has an engagement letter or contract that lays out the terms of your agreement, that you can reference when you're ready to move on. But many accountants don't, they opt to have an implicit renewal instead. In this case, you aren't obligated to a contractual term but there are still other things to be taken into consideration.

Think about the timing of your exit. If it's tax time and they've already started your taxes, it's best to stick around until they've finished, unless there's an urgent reason to leave. If you're a large client for the provider it's also helpful and considerate to provide as much time as possible for a transition. In any case, you want to make sure you have everything you need from them and that the scope of their work has been completed before you share that you're moving on!

What you'll hear in this episode:

[1:45] What to do if you don't have a clear contract cycle.

[3:15] Selecting the right time to switch to a new accountant.

[4:45] You don't need an excuse to change your accountant, you're allowed to do what you think is best for your business or personal finances.

[6:30] Follow these guidelines regardless of the situation.

[7:45] What to do if you're looking for more accounting and tax planning support for your business.

* Related episodes:

216. The Most Undervalued Trait of an Accountant

223. How to Read Financial Reports as a New Business Owner

232. Growing Your Side Hustle with Nick Loper

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The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.