Running a small business is no easy feat, and managing your finances is a crucial part of the equation. A good accountant can be a lifesaver, but a bad one can drain your time, money, and patience. If you’re starting to have doubts about your current accountant, here are some clear signs it might be time for a change.

Communication Problems

Your accountant should be responsive and easy to reach. If you’re constantly waiting for replies or playing phone tag, it’s a red flag. They should also be able to explain financial concepts clearly. Clear communication is essential for a strong financial partnership.

Errors and Inaccuracies

Occasional mistakes happen, but frequent errors in financial statements or tax returns are a serious problem. These inaccuracies can lead to penalties, audits, and unnecessary stress.

Lack of Proactive Advice

A good accountant does more than just crunch numbers; they provide valuable insights and strategic advice. If your accountant is simply reacting to your requests instead of offering proactive guidance to help your business grow, it’s time to look for someone who will.

Missed Deadlines

Missing tax deadlines or other important financial obligations can have serious consequences for your business. If your accountant is consistently late, it’s a sign they’re not prioritizing your needs.

Lack of Targeted Expertise

Every industry has unique accounting nuances and regulations. An accountant familiar with your industry can offer tailored advice and insights to help you navigate potential challenges and optimize your financial strategies. If you feel like your accountant is no longer able to keep up with your expanding business or provide specialized expertise in areas like tax planning or financial forecasting, it’s a sign to move on.

Unclear Fee Structure

You should have a clear understanding of your accountant’s fees and billing practices from the start. If you’re receiving unexpected invoices or feeling nickel-and-dimed for every little thing, it’s a sign that the relationship isn’t transparent.

Outdated Technology

In today’s digital world, accountants should be using technology to streamline processes and provide efficient services. If your accountant still relies on outdated methods and resists new tools, it could hinder your business’s financial management.

Lack of Trust

Ultimately, trust is the foundation of any successful business relationship, especially between you and your accountant. If you have doubts about your accountant’s integrity or competence, it’s time for a change. You deserve a professional you can rely on.

Need help managing your business’s finances? Contact our team of experts. We’re here to help!