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ACCOUNTING FOR SMALL BUSINESSES
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Articles In This Section:· YOUR DEPENDENT CHILDREN AS EMPLOYEES MAY HAVE TAX ADVANTAGES FOR BUSINESS
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Accounting is essential to your success in starting a small business. Bad use of accounting controls is one reason so many small businesses fail. Some recent studies of small business bankrupts show that almost one-third kept no records. Less than one-fourth kept adequate records.
To initiate your system of records you should utilize the services of a certified public accountant. Your bank, lending institutions and many of your creditors require that your statements be prepared by CPAs. So why not start off on the right foot?
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