Several entrepreneurs who start their businesses prefer taking up the tasks that would normally be performed by an accountant such as maintaining accounts and finances on their own. It may not be very challenging to do this work during the start-up phase of their business, but accounting tasks start getting complicated in a short period of time. Ultimately a new business owner will admit defeat and require an experienced accountant to help clean up the mess. Someone who can handle taxation, accounting, receipts, and other responsibilities. A business can fall into severe complications if it lacks appropriate accounting procedures and policies.