Small Business Performance Requires a Better Understanding of Tax and Accounting Software

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Author(s)
Belle Isle, Melissa
Freudenberg, Brett
Year published
2021
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To what extent do small businesses need to know about businesses taxes, accounting software and financial statements? Recent Australian research demonstrates that small business owners with a higher understanding of tax and accounting software are more likely to achieve a higher level of business income. This greater understanding may enable owners to better manage their cash flow and highlights the importance of improving owners understanding of business tax and accounting software.To what extent do small businesses need to know about businesses taxes, accounting software and financial statements? Recent Australian research demonstrates that small business owners with a higher understanding of tax and accounting software are more likely to achieve a higher level of business income. This greater understanding may enable owners to better manage their cash flow and highlights the importance of improving owners understanding of business tax and accounting software.
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© 2021 Griffith University Law School and the Author(s). The attached file is reproduced here in accordance with the copyright policy of the publisher. Please refer to the publisher’s website for further information
Note
No. 21-11
Subject
Taxation law
Small business organisation and management
small business
tax literacy
cash flow
Resource Based Theory
Australia