The lack of robust accounting systems is one of the primary reasons that small businesses fail. Small business record keeping can be a thorn in every business owner’s side, and many companies are now turning to virtual accounting services. Here are some the advantages they find: 

The tax reform bill, H.R 1, known as the Tax Cuts and Jobs Act which enacted sweeping changes to the Internal Revenue Code, contains numerous changes that will affect businesses large and small. The new tax law is complex; most business owners will look to their accountants and tax professionals for explanations of the changes.

Cash flow is the life-blood of every business. For a small business, cash flow can make or break its ability to survive. If you want to adopt a proactive approach to managing your small business, then it is important that you enlist the help of a CPA who can assist with financial forecasting. A professional can help you fine-tune your business plan and know what to expect in the future.