In general, the gross receipts upon which the
tax is imposed includes all cash, credits or property received by
a person which is attributable to the carrying on of business in the
Township, undiminished by any costs of doing business except for the
limited deductions and exemptions referenced hereinafter.
A tax return may be filed on a cash basis or
on an accrual basis, but the return must be prepared in accordance
with the method of accounting regularly employed in keeping the books
of the taxpayer. A person who keeps books on the cash basis will report
gross receipts on the basis of amounts actually received during the
period used as the measure of the tax. A taxpayer who keeps books
on the accrual basis will report the receipts from all sales made
or services rendered during the period used as the measure of the
tax, irrespective of the date when such moneys are collected from
the customer. In either case, the taxpayer must file on a calendar-year
basis beginning January 1 and ending December 31, regardless of the
taxpayer's fiscal year.
A tax return filed in accordance with §
149-39 of the ordinance shall include only amounts rounded to the nearest dollar, as required by the tax return form approved by the Township from time to time.