In this video, you will learn about a small business accountant. The video goes through tips for small business owners who are looking for an accountant and tax tips. Owning a business can be tough, but the financial side of owning a business can be even harder. Small businesses oftentimes leave their finances until tax time.
9/10 times small businesses fail due to financial reasons. When it comes time to tax time, the small businesses who have waited to worry about their finances until then could be in trouble. Eventually, you will be faced with the reality of accounting. Accounting is the process of recording, interpreting and analyzing the finances of a company. Why is accounting important? It is best to look at a simple example. You own a cleaning company. You charge $100 to clean someone’s house. At this time, you just started your business so you decide to do everything yourself. All of a sudden your business is booming. You are stressed and don’t know what to do. Business is growing. You want to hire some people to help you out. How can you ensure that you have enough work for this person to do?