As the holidays approach, many of us start to have financial stress. Whether we’re worried about how all those gifts are going to impact our credit cards or we’re stressed about our businesses continuing to make a profit at the end of the year, we may be wondering if a new accountant can help us ease some of our worries. If you’re wondering if you should seek a new accountant before the holidays hit, consider the following.
Their Communication Skills
Effective communication is essential in any professional relationship, especially when it comes to financial matters. If your accountant is unresponsive, hard to reach, or doesn’t keep you informed about important updates or deadlines, it’s a major red flag. An accountant should be proactive, providing insights and advice that help you make informed decisions. If you’re often left in the dark, it may be time to find someone who prioritizes clear and open communication.
Their Level of Experience
The financial landscape is continually evolving with new regulations and technologies emerging regularly. If your accountant isn’t staying up-to-date with industry changes or lacks expertise in specific areas relevant to you or your business—such as tax planning, compliance, or financial forecasting—your finances could suffer. A knowledgeable accountant should bring valuable insights that help you navigate these complexities. If you feel your current accountant isn’t equipped to handle your personal or business needs, it’s worth exploring your options.
Changes in Your Financial Picture
If you’ve had big changes in your finances either personally or professionally, you may find that your current accountant is no longer up to the challenge. Perhaps your business has grown exponentially over the past year or you’ve been through a divorce or other major life change that has impacted your finances. If a major change has occurred, it’s a good idea to re-evaluate now and make sure you’re still with the right firm.
You’re Not Comfortable with Them
Trust is a cornerstone of the accountant-client relationship. If you feel uncomfortable discussing sensitive financial matters with your accountant or doubt their integrity, it’s a serious concern. Financial decisions require a high level of trust, and if your gut is telling you something isn’t right, it’s worth taking a step back and considering a new partnership.
You Don’t See the Value
If you’re paying high fees to work with an accounting firm and aren’t seeing the value, it may be time to make a change. You should always feel like the money you spend to work with your accountant is well worth it in terms of reduced stress, greater insights into the financial industry, and confidence in your overall financial picture. If this isn’t the case, it’s time to consider other options.
Making the Change Now
While some people feel better making a change at the beginning of the year, it might be worth it to find a new accountant before the holidays hit. This will ensure you have a pro by your side as you navigate the expensive holiday months and that your financial picture will be solid by the time 2025 begins. If you want to make a change in the Omaha area, consider the professionals at Hayes & Associates. Their team would love to help.
