What is one of the key roles of an accountant in a small business?

One of the key roles of an accountant in a small business is to manage financial records and ensure tax compliance. This involves meticulously recording all financial transactions, which helps create accurate financial statements that reflect the business's performance. An accountant also assists in budgeting and forecasting, enabling business owners to make informed decisions regarding their finances.

Furthermore, tax compliance is a crucial aspect of an accountant’s responsibilities. They ensure that the business adheres to tax laws and regulations, prepares and files tax returns, and identifies tax deductions and credits that may benefit the business. By effectively managing financial records and tax obligations, an accountant helps safeguard the business's financial health and contributes to its overall stability and growth.