Most business owners don’t know how long they should hold on to old records. According to the IRS, here’s how long you should keep those records:
This information is helpful but our favorite rule of thumb is to “save everything” and keep anything older than a few years in storage. Unless your business deals with mountains of paperwork, that method will be the easiest way to keep it simple and safe.
This entry was posted on Thursday, August 29th, 2013 at 2:00 am and is filed under Small Biz Management, Starting A Business. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.