Every taxpayer shall keep books, records, papers and other documents which are adequate to reflect the information which the taxpayer is required by Section 3-40-320 of this ordinance to report in the return to the comptroller.
If the taxpayer keeps books and records to reflect gross amounts billed for services, and the gross receipts from taxpayer's business are not readily available each month, the comptroller may permit the taxpayer to make returns and pay taxes on the basis of gross billings. In that event bad debts or uncollectible accounts included in any previous return and tax payment, actually written off the taxpayer's books and records, are allowed as a deduction from gross billings in the return made for the month in which they are written off. Change to a gross receipts basis of return and payment of taxes may be authorized by the comptroller at the beginning of a calendar year; provided, that the comptroller certifies that the taxpayer's books and records have been changed to reflect the gross receipts of the taxpayer's business.
All books and records and other papers and documents required by this ordinance shall be kept in the English language and shall at all times, during business hours of the day, be subject to inspection by the comptroller or his duly authorized agents and employees.
(Prior code § 132-33; Amend Coun. J. 11-14-91, p. 7458; Amend Coun. J. 11-16-11, p. 13798, Art. I, § 3)