Small business owners are under a lot of pressure. Whether it’s marketing, HR, operations, or sales, running a small business is not straightforward.

One area that is typically overlooked is tax and accounting. Data from Tyl by NatWest, found that small business owners currently spend on average almost two hours a week managing their taxes.

Navigating this can be confusing for those who haven’t done it before, but understanding the fundamentals is key for a small business to flourish.