Mountain View, Calif. (Aug. 27, 2004) -- The adage "You have to spend money to make money" holds true, according to a new study of small business owners and accountants.

Nearly three-quarters of accountants (73 percent) and 64 percent of businesses who invested in their business reported growth in the last 12 months, according to Intuit Inc.'s third annual "Voices of Small Businesses and Accountants Study." As in previous years, business owners working with an accountant were more likely to describe their growth as "significant" than those who did not, according to the survey, based on responses from 250 small business owners and 250 accounting firms, and conducted by Decipher Inc.

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