>>3. What would you say to Big Giant Finance Head, Mr. Snickers, when he
says: "We don't need to generate an annual General Ledger because it's in PeopleSoft; we can generate it anytime we want to."<<
I would say it depends. (I am not an attorney and do not give legal advice. Seek the competent counsel for a legal opinion.)
- If you are in tax court Mr. Snickers is likely correct.
- If you are not in tax court, it may depend on whether you are challenged on the requirements associated with the Business Entry Rule.
Bill
Bill Roach, CRM
Opinions are my own and not those of my employer or any other individual or entity.
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