Question: A sole-proprietor runs his business and reports and pays the wages and withholdings for his employees. After three (3) years he discards the records of

A sole-proprietor runs his business and reports and pays the wages and withholdings for his employees. After three (3) years he discards the records of both his expenses and these employment taxes. Why is this an issue? Explain

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Discarding the records of business expenses and employment taxes after three years poses several significant issues for the sole proprietor and their ... View full answer

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