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Is bookkeeping necessary for filing business tax returns?

April 26, 2017bookkeeping Business filing necessary tax returns

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Is bookkeeping necessary for filing business tax returns?

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Financial statements are the best document to rely upon for business tax returns preparation. They are similar to summaries of activities for specific period such as one year of a company’s operations. Financial statements are generated from bookkeeping work. As a result, it is necessary to maintain the books – bookkeeping.