The Small Business Accounting Report survey, commissioned by small business productivity provider Wasp Barcode Technologies, identified the state of small business accounting with a specific focus on accounting challenges, staffing, and taxes. Following are some of the findings:
52% feel they pay too much in taxes, or are undecided, but 62% of small businesses don't blame accountants for the tax amount they pay.
Companies with 11 to 25 employees say they are 83% satisfied with their accountant's services. Companies with greater than 25 employees say they are 91% satisfied.
Top 3 Complaints about accountants
1. More Reactive than Proactive
2. Timeliness
3. Lack of Guidance
Companies 11-25
Companies 26-50
Companies 51-100
Top accounting challenges facing your business
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