The Shredinator

Business Record Retention Guide

 

Business Records (Keep Forever)

  • income tax returns
  • investment trade confirmations
  • legal records
  • retirement and pension records
  • CPA audit reports
  • annual financial statements and books of account
  • corporate documents
  • stock records
  • licenses, patents, trademarks and registraation packets
  • documents substantiating fixed asset additions
     

Business Records (Keep Six Years)

  • personnel and payroll records
  • purchase records
  • sales records
  • travel and entertainment records
  • supporting documents for tax returns
  • property records and improvement receipts (if tax related)
  • sales receipts (if tax related)

Business Records (Keep Three Years)

  • credit card statements
  • employment applications
  • expired insurance policies
     

*note: consult your accountant before getting rid of any financial paperwork

 

 

It's the law: State and federal governments have enacted laws requiring the destruction of sensitive and confidential data. 

The Fair and Accurate Credit Transaction Act of 2004 mandates shredding. 

Stiff fines are imposed for non-compliance. 

business file shredding

 The best way to prove legal compliance is with a 'Certificate of Destruction' that we will provide you with.

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