Did you know that many small businesses lose money because of avoidable issues? Common reasons include high employee turnover draining resources, overwhelming debt payments cutting into profits, and messy accounting leading to costly mistakes. Identifying and fixing these problems early can make a big difference in your bottom line.
49% of small business owners report feeling stressed about accounting tasks annually. For some, it’s even more frequent: 26% feel this stress quarterly, and 22% deal with it a few times a month.
Nearly 60% of small business owners feel they aren’t knowledgeable about accounting or finance.
For 60% of small business owners, tax season is so stressful they’d rather do something absurd—like sit through a root canal, tackle a nest of angry bees, or (yes) lick a subway pole.
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