First of all, at Virtual Heights Accounting, we recommend your accounting review be more often than annually. A bi-annual check-in is much more efficient. Reviewing your business tax and accounting records at mid-year, gives you time to see how your year is going and plan for any changes, such as paying more tax than the previous year.  If you’ve never had an annual or bi-annual accounting review, there are many advantages to doing so, especially if you’re considering changes in your business.  What is an Annual or Bi-Annual Accounting Review? An accounting review—whether it's annual, biannual, or something else—is where you [...]