When it becomes necessary for an accounting firm to terminate a client relationship, it is important to memorialize this action in a confirming letter to the client. A letter provides written evidence of when the resignation occurred and instructions to the client regarding needed follow-up on tax, accounting, and other matters about which the firm previously advised the client.
The letter should be factual. It should document when services ended, any outstanding issues regarding work in process, fees owed to the CPA firm, client records, and items requiring follow-up or completion by the client. In most situations the termination should become effective as of the date of the letter.
Subject: Wayne Michigan Resignation Letter from Accounting Firm to Client Regarding Outstanding Amount Owed, Work in Progress, and Return of Client's Records Dear [Client's Name], We regret to inform you that due to circumstances beyond our control, we find ourselves in the position of tendering our resignation as your trusted accounting firm. This decision has been made with careful consideration and after exhausting all possible alternatives to remedy the issues we currently face. Outstanding Amount Owed: Regrettably, there remains an outstanding balance of [EX] owed by your esteemed organization to our firm. Despite our repeated attempts to reconcile this matter amicably, the delay in payment has placed an insurmountable burden on our operations. We kindly request that you settle this balance within [a specified period] to ensure a smooth transition. Work in Progress: As part of our commitment to transparency and integrity, we believe it is essential to update you on the status of projects or tasks that are still in progress. We understand the importance of continuity during transitions, and our team is prepared to assist in handing over any ongoing work to the individual or firm of your choosing. We kindly request that you provide us with clear instructions regarding the required transition process. Any costs associated with the completion of these works should be taken into account while settling the outstanding balance. Return of Client's Records: We understand the significance of your financial records and are committed to ensuring their safety and privacy. As such, we assure you that all your records, whether in physical or digital form, will be returned promptly and securely. Our team will make all necessary arrangements to ensure a smooth transfer. We request your cooperation in providing us with the necessary information and instructions for the return of these records. Different Types of Wayne Michigan Resignation Letter from Accounting Firm to Client: 1. Wayne Michigan Resignation Letter — Standard: This letter addresses outstanding amount owed, work in progress, and the return of client's records in a concise and professional manner. It is suitable for most situations where these factors need to be considered. 2. Wayne Michigan Resignation Letter — Urgent: In cases where immediate action is required due to severe financial implications or breach of contractual obligations, an urgent resignation letter may be appropriate. This letter would contain similar elements but with a tone of urgency and perhaps a shortened timeline for response. 3. Wayne Michigan Resignation Letter — Legal Proceedings: If the outstanding balance remains unresolved despite repeated attempts to rectify the situation, and legal action is imminent, a letter documenting the intent to pursue legal action may be warranted. This letter should clearly outline the consequences of non-payment and the potential impact on the client's business reputation. Please note that the above examples serve as a guide, and the actual content should be tailored to your specific circumstances. We remain committed to a seamless transition and appreciate your understanding in this matter. Thank you for the opportunity to have served as your accounting firm. Should you have any questions or require further clarification, please do not hesitate to reach out to us at your earliest convenience. Sincerely, [Your Name] [Your Accounting Firm's Name] [Contact Information]Subject: Wayne Michigan Resignation Letter from Accounting Firm to Client Regarding Outstanding Amount Owed, Work in Progress, and Return of Client's Records Dear [Client's Name], We regret to inform you that due to circumstances beyond our control, we find ourselves in the position of tendering our resignation as your trusted accounting firm. This decision has been made with careful consideration and after exhausting all possible alternatives to remedy the issues we currently face. Outstanding Amount Owed: Regrettably, there remains an outstanding balance of [EX] owed by your esteemed organization to our firm. Despite our repeated attempts to reconcile this matter amicably, the delay in payment has placed an insurmountable burden on our operations. We kindly request that you settle this balance within [a specified period] to ensure a smooth transition. Work in Progress: As part of our commitment to transparency and integrity, we believe it is essential to update you on the status of projects or tasks that are still in progress. We understand the importance of continuity during transitions, and our team is prepared to assist in handing over any ongoing work to the individual or firm of your choosing. We kindly request that you provide us with clear instructions regarding the required transition process. Any costs associated with the completion of these works should be taken into account while settling the outstanding balance. Return of Client's Records: We understand the significance of your financial records and are committed to ensuring their safety and privacy. As such, we assure you that all your records, whether in physical or digital form, will be returned promptly and securely. Our team will make all necessary arrangements to ensure a smooth transfer. We request your cooperation in providing us with the necessary information and instructions for the return of these records. Different Types of Wayne Michigan Resignation Letter from Accounting Firm to Client: 1. Wayne Michigan Resignation Letter — Standard: This letter addresses outstanding amount owed, work in progress, and the return of client's records in a concise and professional manner. It is suitable for most situations where these factors need to be considered. 2. Wayne Michigan Resignation Letter — Urgent: In cases where immediate action is required due to severe financial implications or breach of contractual obligations, an urgent resignation letter may be appropriate. This letter would contain similar elements but with a tone of urgency and perhaps a shortened timeline for response. 3. Wayne Michigan Resignation Letter — Legal Proceedings: If the outstanding balance remains unresolved despite repeated attempts to rectify the situation, and legal action is imminent, a letter documenting the intent to pursue legal action may be warranted. This letter should clearly outline the consequences of non-payment and the potential impact on the client's business reputation. Please note that the above examples serve as a guide, and the actual content should be tailored to your specific circumstances. We remain committed to a seamless transition and appreciate your understanding in this matter. Thank you for the opportunity to have served as your accounting firm. Should you have any questions or require further clarification, please do not hesitate to reach out to us at your earliest convenience. Sincerely, [Your Name] [Your Accounting Firm's Name] [Contact Information]
