The "tax season" may be long over but the need for good recordkeeping is not. Records are not only essential for tax deductions but, as many aggregate producers are all-too-well aware, a similar need for books and records is also important when selling the business, attracting partners or investors, getting a loan or being audited by any government agency. Although U.S. federal income tax laws require only that every sand, gravel or crushed stone business keep "complete and accurate records," just what records an aggregates business needs to keep, what records it should retain and for how long, usually requires a good strategy.
展开▼