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There is no requirement under the law for engaging any professional service for the preparation of accounts for sole-proprietorships or partnerships . If you possess the necessary accounting and taxation knowledge, you may prepare your own accounts. You may also employ a bookkeeper to do so.
Since the calculation of accessible profits always involves the use of accounting principles, you may find it both helpful and safer to hire an accountant/auditor to handle your taxation matters.
2011-10-13 01:30 PM
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BMICS
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