10 reasons to change your tax advisor

Has your lifelong tax advisor not known how to grow with your company? Are you thinking of changing? Tax advice is essential for planning your business, but it is about the advisor preparing and filing taxes and becoming a strategic element of your company. In this article, we tell you the 10 reasons why you should change your tax advisor.

Many companies are thinking of changing their tax advice, but it seems that they cannot find the time and that the “better known is better than the good to be known”, however, this change can attract many advantages such as saving money and weather.

According to the Report of the Observatory of the Professional Office 2018 prepared by Sage, clients tend to change advice on the merits of competing advice, the price factor is relevant, but it is not the only reason.

Reasons to change your tax advisor.

If you have proposed to change tax advisor, we suggest you several reasons that you can assess:

1. The use of new technologies. For clients, it is essential to be able to consult the information handled by their consultancies, so new technologies, such as the cloud, maybe the key to choosing one consultancy or another.
2. The services offered. All tax consultancies provide tax preparation services, but clients are looking for something more: adequate tax planning that saves money and improves management.
3. The price. As we said before, the price is an important factor but not the only one. The consultancies must add value to their clients beyond the service they provide.
4. Proactive counselling. An advisor who anticipates what may happen and is proactive is essential for your business.
5. Errors. Errors in tax advice can cost money. For example, it may be that an error in a tax return or a presentation of a tax after the deadline leads to a tax inspection and a sanction. Many clients change counselling because they make mistakes.
6. Accounting automation. As part of the technology that we have mentioned before, we find accounting automation, which allows consultants to automate repetitive tasks to make them faster and without failures.
7. Information in real-time. If you have a question, ask your tax advisor, and it takes days to answer you, or he does not answer it; you must start looking for other advice that keeps you informed and clarifies your doubts quickly.
8. Expert professionals. A consultancy must provide a comprehensive service to its clients, and this service requires expert professionals with training and experience.
9. Communication channels. When there are no different communication channels with the consultancy, the relationship with the client can suffer. However, when multiple channels are used, and there is always a quick response from the consultancy, trust is built.
10. You can change at any time. Many people think that to change from tax advice, it is necessary to wait until the end of the year, but it is not. It can be changed at any time; it will simply have to coordinate between the old and the new advisory to exchange information.

In short, if you are thinking of changing your tax advisor, you must value the aspects that we have seen before deciding and choose the advisor that best suits your circumstances and your business.