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1. What Is Records Retention: Why It Is A Must For Organizations
Link: https://theecmconsultant.com/what-is-records-retention/
Description: WEBJun 18, 2023 · Records retention refers to methods and practices organizations use to maintain important information for a required period of time for administrative, financial, legal, and historical purposes. Effective records retention practices can also help organizations reduce costs associated.
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2. How long should I keep records? | Internal Revenue Service
Link: https://www.irs.gov/businesses/small-businesses-self-employed/how-long-should-i-keep-records
Description: WEBJul 5, 2023 · Get tips on record retention -- Learn the period of limitation on income tax returns, connecting records with property and keeping records for nontax purposes. The length of time you should keep a document depends on the action, expense, or event which the document records.
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3. How Long Should You Keep Documents - U.S. Chamber of …
Link: https://www.uschamber.com/co/start/strategy/how-long-to-keep-business-documents
Description: WEBOct 7, 2021 · Document retention guidelines typically require businesses to store records for one, three or seven years. In some cases, you will need to keep the records forever. If you’re unsure what to keep and what to shred, your accountant, lawyer and state record-keeping agency may provide guidance.
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4. RECORDS RETENTION GUIDELINES - ICPAS
Link: https://www.icpas.org/docs/default-source/tax-practice-procedures-files/records-retention-guidelines1a841fdf38106fba827cff0000493078.pdf?sfvrsn=dd94701d_0
Description: WEBSample record retention periods are included herein. Please note that this table should only be used as a guide. You should consult with your attorney and insurance carrier when establishing a record retention policy. It is also recommended reviewing your record retention policy annually and updating it as necessary considering changes in
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5. Record Retention Policy For Businesses: A Strategic Guide To …
Link: https://www.armstrongarchives.com/record-retention-policy-for-businesses/
Description: WEBWhat is Record Retention? Key Elements. A record retention policy is an organized framework that dictates how long business records should be kept before they are destroyed or archived.
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6. Records Retention Schedules [w/ Best Practices] - Intradyn
Link: https://www.intradyn.com/record-retention-schedules/
Description: WEBThis article will help you define your own records retention schedule, with special attention to records retention laws by state. What Is a Records Retention Schedule? A records retention schedule, or simply a retention schedule, is a policy that explains how long an organization needs to hold onto certain documents.
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7. Fundamentals of records retention schedule - Iron Mountain
Link: https://www.ironmountain.com/resources/whitepapers/f/fundamentals-of-records-retention-schedule
Description: WEBApr 2, 2024 · A records retention schedule is the cornerstone of an effective records management program. It is a policy document that defines an organization's legal and compliance recordkeeping requirements. A company implements a records retention schedule in order to ensure that its records are kept as long as legally and operationally …
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8. What Is Records Retention? | Laserfiche
Link: https://www.laserfiche.com/resources/blog/what-is-records-retention/
Description: WEBRecords retention is a practice by which organizations maintain confidential records for set lengths of time, and then employ a system of actions to either redirect, store or dispose of them. Records can be considered evidence of a decision or transaction that took place within your business operations, and should be kept as long as required ...
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9. Demystifying Compliance: What is Record Retention in Business?
Link: https://shinydocs.com/blog/demystifying-compliance-what-is-record-retention-in-business/
Description: WEBWhat Is Record Retention? Records retention is the practice of maintaining important business information for a specified period for administrative, financial, legal, and historical purposes . In today’s data-driven world, with the exponential growth of information, managing and protecting critical data has become more challenging.
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10. A Beginners Guide to Record Retention | The Signal
Link: https://blogs.loc.gov/thesignal/2016/04/a-beginners-guide-to-record-retention/
Description: WEBApr 18, 2016 · An RRS is a way for an institution to: Be accountable to any legal requirements – An RRS is a policy that ensures records are retained in accordance with state or federal legal requirements. It provides an outline for the minimum legal requirements related to the retention and destruction of records.
