Procompare’s client Lisa, owner of a small catering company in East London, recently shared her story with us. In a couple of days, she succesfully switched accountants and made R44,880 in annual savings. Beyond the financial benefits, she feels more confident with her current accounting services.
Lisa was happy with her old accountant, but then she got a notice from SARS about errors in her tax filings. This wasn't just about a fine; her business's reputation was at risk. She decided it was time to act.
Step #1: Submitting a request
Determined to set things right, Lisa began browsing the internet, searching for tax help, when she came across a Procompare advertisement. She was intrigued and decided to try it, so she submitted a request for tax consultant.
Much to her surprise, she received two quotes the same day, and three more the next one. Two offers particularly resonated with her, particularly because of their transparent pricing and glowing customer reviews by Procompare users.
Eventually, she opted for a smaller accounting service that gave her confidence in their expertise and the price of their accounting services was far more favourable.
- Time spent: 45 minutes
- Old Price: R6,780 incl. VAT
- New Price: R3,040 incl. VAT
Step #2: Terminating previous accounting service
Lisa called her previous accountant to inform them of her decision. They mutually agreed to make the transition by month-end. She requested all necessary documents, including a disengagement letter stating what work they have done. They scheduled a date two weeks later for the official transition.
- Time spent: 20 minutes
Step #3: Seamless transfer of books
On the agreed date, Lisa visited her former accountant to finalize the handover. In the meantime, the newly selected accountant already wrote the outgoing accountant a professional objection letter asking for professional clearance along with previous year’s accounts and tax returns, reconciliation, and any bookkeeping work they have done on her behalf.
- Time spent: 1h 30 minutes
Step #4: Onboarding with the new accountant
After a few weeks, Lisa’s accounting information has been transferred and her confidence grew again. Her new business accountant introduced regular check-ins, implemented modern software tools and prioritized clear communication.
The final step was to assign the power of attorney. This enabled the new firm to liaise directly with SARS and file all relevant tax returns on her behalf.
- Time spent: 30 minutes
- Annual Savings: R44,480
Is your accountant holding you back?
If you find yourself waiting too long for your accounts, it could be impeding your ability to make crucial future decisions. Switching accountants could be the step you need to help your business grow without constraints. It is easier than you think. Procompare can make the process of finding the right accountant fast and simple for you, just as it did for Lisa.
