Small businesses take time to mature into corporate giants. In fact greater percentage of small businesses do not even make it past their first year of operation.It is therefore crucial to make things right from the beginning. Start off with the right people, create the best structure and manage your finances well.

This infographic highlights the top small business mistakes that cause problems with taxes, the IRS, and cash flow. Start a business on the right foot and avoid the financially damaging mistakes small businesses make. keeping accurate, complete records can also save you a lot of money. Most businesses do not even know that they are required to make tax payments and file reports with state tax authorities as well as the IRS. offers information and tips on avoiding small business mistakes right from the beginning.


Via 1800Accountant