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Inventory and taxes

Recent changes in U.S. tax rules affect how retailers handle inventory-related costs; here’s a primer on the best ways to keep those costs manageable
By Mark E. Battersby
Published: March 14, 2016
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One of the most onerous chores facing every retailer involves those pesky inventories. Generally, every business that produces, purchases or sells merchandise is re-quired to keep an inventory. But maintaining an inventory is not only for tax purposes. It makes good sense for every business to track the cost of its goods.
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