Xiao Ming's Entrepreneurship Notes: Keep Your Own Accounts and File Taxes

Xiao Ming resigned from a large factory and decided to start his own business with a compensation of 500,000 yuan. He thought the most difficult thing was making money, but later he discovered that the easiest thing to go wrong was accounts. The first money has already been spent before the company is registered; you are actually very particular about paying yourself a salary; you have obviously made money, but the account shows a loss... More realistically: Someone else did the accounting, but he couldn't understand it at all. Something went wrong, and he didn't know what was wrong. So, he decided to do something that many entrepreneurs dare not do: Figure out the account yourself. This is a story about entrepreneurship, and it is also a process of explaining complex financial and taxation issues clearly.