When should you start looking for a new accountant?

3/3/2021

SME business owners need to solve many problems, be it restricted cashflow, HR issues, competitors, Covid 19 complications, etc, etc. The only positive that comes from being in these situations is, SME business owners are not alone.

A good Accountant provides SME business owners with guidance and expertise on how to weather problem issues. Whilst a great Accountant will work with SME business owners in establishing steps to avoid or prepare for potential business problems.

So when should a SME business owner look for a new accountant?

Some SME business owners are lucky enough to find an Accountant who is there from the start of the business until when it is sold or until when the SME business owner retires. Whilst there are some SME business owners who seem to change their Accountant every few years.

We feel there are 3 factors that really set the tone for when a new Accountant should be found.

Trust – If as a SME business owner you do not trust the advice that your accountant has provided you with. Then it is time to move on, as trust is the foundation that builds the relationship.
Timing – If your Accountant is not providing solutions in a timely manner then that puts your business at risk. We are not saying that your Accountant needs to provide SME business owners with answers instantly but that the solutions need to be given in a timely manner so that the SME business owner can evaluate the information that has been provided.
Value – A fair days pay for a fair days work is instilled in Australian working culture. SME business owners can have a difficult task in ascertaining just what is the right amount they should be paying their Accountant. Unfortunately the cheapest is not always the best and might cost more in the long run. The best advice is for SME business owners to do their homework by talking to other Accountants and using the fixed fee services offered. By using the fixed fee services it gives the SME business owner the opportunity to know what expenses will be incurred giving them a better opportunity to plan.

If the 3 factors of Trust, Timing and Value are not being met. Then it would be time to start looking for a new Accountant as those 3 factors are imperative for a SME business owner and an Accountant having a long and successful relationship.

Helder Kacomanolis CPA

4 Comments

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2/4/2021 01:28:57 am

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24/6/2021 06:43:41 pm

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26/9/2022 09:21:40 am

The tax and auditing seasons typically run from January through March each year. As a result, firms will start searching for new public accountants in the months of October and December in order to meet those demands because this gives them enough time to find qualified candidates, hold interviews, make offers, and hire someone who is at ease in the role before the busy season begins. Furthermore, not everyone wants to change right before the hectic season begins. Once the fourth quarter has started, some employees feel compelled to stick with their present employer until the most difficult period of the year is done so they don't put anyone in a jam by perhaps leaving them shorthanded.

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3/1/2026 02:59:41 pm

Really helpful article! I like how it explains when it might be time to look for a new accountant — especially if trust, timely advice, or value aren’t there anymore. It’s a good reminder that the right accountant should support your business growth, not just handle basic tasks.

When should you start looking for a new accountant?

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