At the end of each year, entrepreneurs like you should take stock of what has happened over the last 12 months for a multitude of reasons.
For one, an annual review allows you to identify and replicate key strategies that have proven to be effective. It also gives you an accurate look into the financial health of your business, helping you prepare for the coming year. Most importantly, it is required by most states in the country.
In Tennessee, for instance, businesses must submit an annual report to remain in good standing with the secretary of the state, as well as continue their operations. For this reason, if you run a business in Nashville or anywhere else in the state, you’d be well advised to partner with a reliable CPA to make sure the process starts and ends successfully and efficiently.
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