The accounting and tax industry is rapidly changing and becoming more cut-throat than ever. With new competition frequently surfacing and the industry leaders dominating the market, it’s hard for small tax firms to retain existing and attract new clients. However, as is the case with the challenges, the tax industry also faces various opportunities for growth.

Bookkeeping and accounting are two of the most important functions in any business

Bookkeeping is integral for maintaining precise financial records. Yet, many businesses underestimate the importance of this process and choose to ignore it, which costs them later. In fact, poor accounting is one of the top-cited reasons for the collapse of many businesses, so without bookkeeping, you are seriously risking your company’s longevity. Here are the