Accountants to the Rescue as Startups Struggle

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Three ways that you can help.

By CPA Trendlines Research

Small businesses rarely make the headlines, but as a whole they represent a huge portion of the American economy. More than 98 percent of all American businesses have fewer than 100 employees, and 77 percent have between one and 10. Together they account for 36 percent of the national workforce.

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Americans, generally an independent bunch, are known for cranking up new businesses. One in 10 small businesses is less than one year old. The attrition rate is high, of course, but 45 percent have held on for one to 10 years, and they account for 34 percent of small business jobs.