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Top Ten Accounting Mistakes

  • Trying to avoid payroll requirements by calling your employees, “independent contractors.”
  • Not choosing the correct type of business entity for yourself.
  • Not keeping accurate and up to date records.
  • Not hiring a professional to help you with your accounting needs.
  • Not providing your accountant with timely information.
  • Not checking the references of your accountant
  • Not meeting with your accountant during the year for tax planning.
  • Not selecting an accountant familiar with your business/profession.
  • Not being truthful with your accountant.