Tag Archives: Failure

The Top Five Accounting Issues That Cause Small Businesses To Fail

Last November Chicago Score hosted a seminar titled “The Top Five Accounting Issues That Cause Small Businesses to Fail”. This seminar was presented by myself as Founder of CFO 4 Small Biz, and E. Pete Lewis, of Lewis & Associates Tax Planning Inc. In this blog I will provide an overview of the content of the seminar. I covered the operational accounting issues while Pete covered the tax related issues. Pete’s firm specializes in tax planning strategies.

We defined the top five issues as follows:

  1. Business Formation Issues
  2. Cash Liquidity Issues
  3. Failure to use Financial & Tax Information to Maximize Profits
  4. Pricing and Margin Issues
  5. Tax Issues Often Overlooked

In the first failure Continue reading