How Much Math Is Needed To Become A Business Owner Most Small Businesses Hate Accounting, Dislike Sales Tax, and Hate the Tax Man

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Most Small Businesses Hate Accounting, Dislike Sales Tax, and Hate the Tax Man

It seems that small businesses always face the weight of decisions made outside their control, they bear full responsibility if their business fails, but they are expected to be more and more careful in a world where technology should to make it easier and easier.

All over the world there is an increasing burden on small businesses to pay more taxes, pay more money in fees, licenses and insurance with little or no return. Gone are the days when mom and dad could decide to go to work for themselves with very little fuss.

If it weren’t for the tax man, the small business would never use accounting software

Let’s face it, I don’t know of any small business owner who will ever come out and say they love accounting and their business thrives because of it. In reality, most small businesses find bookkeeping to be a burden on their time and ONLY do it because they need to account for income, expenses, and sales tax.

Sales tax is one of the biggest winners for most governments, but they burden businesses with the job of collecting it. Obviously, it’s not just the burden of the small business, but unlike large companies that employ specific people to do this task, small businesses are usually always moms and dads juggling income just to find out that their day does not end when they arrive home. They are then subjected to the indignity of spending their time calculating, reporting and remitting tax dollars to government departments.

In the end it’s not about to go away so some might say I’m whining and going back under the rock I came out of. I totally get that, but what I’m trying to say is that accounting has become a burden for many small businesses.

How do we resolve this burden

I don’t think there is a way to completely fix it as there is no way around it at this point in this century, maybe in another couple of centuries we will have discovered an easier way. So we might as well do the next best, do the bare minimum and nothing else.

Why are we trying to complicate everything, we buy big accounting programs that are tedious and require hours of effort just to do a few transactions. Yes, it looks great to see all those reports and all those Balance Sheets and Summaries, because after all that’s what the salesperson or the accountant told us we needed.

But in the end it’s time to stop and ask yourself a question “When have any of these things ever helped you make more money?”

For the most part, accounting chases old money and doesn’t help you make new money. Yes, sometimes it can be useful for small businesses to see where some of the money is going, as it can help them see if they are wasting money in areas where with better management they can put more money back into their pocket . But that’s what all accounting programs do anyway, they’re really just big calculators and with a little basic math you could get by without the program.

As we have to do more and more accounting, it has become almost necessary for every small business to use an accounting program, the point to remember is if you need all those things that waste so much time. After all, you wouldn’t use the program if you didn’t have to report to the prosecutor, so why make your life more difficult than it already is?

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