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Have fun trying to wrestle your data file from them.

Yes this is the “dark side” of adviser-held subscriptions. Might save you a few bucks a quarter but I have seen countless instances of unprofessional behavior where the business wants to move accountants and the outgoing firm is less than cooperative in transferring the subscription to the client.

For that reason, we highly recommend the client / business pays a little more and holds the subscription in their own name. The extra cost is marginal at maybe $100 per year but it’s great insurance to ensure you have freedom to move if the service is not up to scratch. There is a reason by telecos and banks use techniques to make it hard for you to move around – it allows them to give you a lower standard of service.

If you need any pointers with your business accounting feel free to reach out.

  • This reply was modified 2 weeks, 4 days ago by JamesMillar.