Three Things To Know About Accounting For Your Small Business

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If you’ve recently joined the ranks of small business entrepreneurs, you’re likely excited (and perhaps a bit nervous) about the future that awaits you. Even if you’re running your business on a shoestring budget while you try to build your customer base, it’s important not to skimp when it comes to your accounting department. Failure to keep adequate records could not only cost you in lost tax deductions, it could land you in hot water if you find yourself without adequate cash reserves to pay your staff (or your suppliers) on a timely basis.…

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