Several years ago, I started working for a computer store near my home. My boss was a gentle giant of a man, smart, kind to a fault, hard working, uncomplaining and put in long hours to make his business work. He’d started the business in his early twenties, had loyal customers, made a decent living and had won some local small business awards.
He had a cloud hanging over his head though – a significant tax debt. He’d done his own books for years to save money, but small errors in accounting procedures and calculations had added up to a big mess. Eventually the tax office caught up with him – and it wasn’t fun. It cost him more than the original value of the taxes, and took him years to pay back. Years spent carrying the mental and emotional stress of that unnecessary debt.
To read the original article: 5 Reasons Your Start-up Needs an Accountant
