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While sales and marketing get most of the limelight when it come to building a business it is accounting and tax mistakes that can bring the business to it's knees. Check out Small Business Trends contributor Barbara Weltman take on the Top 10 Trends in Taxes and Accounting for 2010.
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Yes, even just one error in balancing the income and expenses of a business can already be fatal. That's why there really is no room for error. It's a big pressure for accountants, but it's possible. To do so, one must be careful in documenting, categorizing, and completing transactions. Sales and marketing are crucial to the success of a company, but the foundation lies in the management of finances.
Posted by: Ivo Merlos | May 18, 2011 at 01:45 PM