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Additionally, they can help set up business accounting systems, teach you best practices, keep you legal, and prevent missed deadlines and noncompliance penalties. What does a CPA do? Certified Public Accounts can be the financial strategist for Fortune 500 companies or advisors to neighborhood businesses.
You need to figure out the best legal structure for your SMB. One of the first steps when starting a small business is determining the best legal structure for the business. Many businesses are required to have a financialstatement audit or a review with the IRS at some point. But it is no small task!
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