15760 Ventura Blvd, Suite 610 Encino, CA 91436
15760 Ventura Blvd, Suite 610 Encino, CA 91436
Personal, Affordable Payroll Services, Bookkeeping, and Tax Processing for Small Business throughout Los Angeles County.

How to Tell if Your Business Needs a New Accountant in 2020

One major aspect of successful small business management is overseeing your company’s accounting and bookkeeping practices.

Of course, you can’t do it all yourself. That’s where CPAs come in. Accountants can take a lot off your plate and should be able to help you navigate the financial challenges that come with running your business.

However, not all small businesses are getting the most from their CPAs. While you might’ve had the same CPA for a long time, it’s important to consider whether or not making a change would help your business succeed.

If you’re not sure if now is the time to shake things up, consider these signs your business may need to switch accountants in 2020.

How to Tell if It’s Time to Switch Accountants

Not sure if your business should switch accountants?

If you’re having doubts about your CPA, watch out for these signs that indicate a switch might be necessary.

Poor Communication

Effective small business management and accounting are all about communication.

You should be in constant contact with your CPA. If your accountant isn’t answering your calls, takes too long to share important information, and isn’t giving you good advice, it might be time to find a new CPA.

You Need a Specialist

When you first hired your accountant, you probably weren’t looking for someone with experience in your industry — just a qualified person to handle basic accounting tasks.

However, it’s always better to work with people that understand what your business does and what your future goals are.

They’re Too Small

Small accounting firms are perfectly fine for small businesses. But, as your business grows, you might need to switch to a larger firm that can keep up with your needs.

Here’s a good rule of thumb: If you’re the largest company on your accountant’s client list, it’s probably time to switch.

Alternatively, if your CPA handles much larger businesses than yours, you may not be a priority. As a result, it might be a good idea to switch to a CPA that can prioritize your needs.

You’re Being Overcharged

If you’re concerned that your CPA may be overcharging you, ask for an itemized invoice. 

This can help you determine if your CPA is overcharging you for asking questions, wasting time researching things they should already know or is charging you for your return based on the size of your refund.

If you find that your accountant is charging you more than you are comfortable with, then it’s time to make a change.

Not Satisfied With Your Tax Return

Your CPA should work with you to maximize your deductions. If you’re paying too much in taxes because your accountant isn’t working to maximize your deductions, it might be time to switch.

Additionally, your tax return should more or less be error-free. If you’re able to spot mistakes on your return, your accountant isn’t doing their job.

Successful small business management involves overseeing your company’s accounting practices. By watching out for these signs, you can determine if it’s time for your business to switch accountants in 2020.

Make the Switch Today

Do any of these signs apply to your relationship with your CPA?

If so, feel free to contact ATPP today to see how we can help you take control of your business’ finances. We offer personal, affordable, and professional accounting and bookkeeping services to small businesses throughout Los Angeles County so they can continue to grow and serve their communities.