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1. 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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2. RECORDS RETENTION GUIDELINES - ICPAS
Link: https://www.icpas.org/docs/default-source/tax-practice-procedures-files/records-retention-guidelines1a841fdf38106fba827cff0000493078.pdf?sfvrsn=dd94701d_0
Description: WEBRECORDS RETENTION GUIDELINES *7 Years Following Disposition,Termination, or Pay Off 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
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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. Recordkeeping | Internal Revenue Service
Link: https://www.irs.gov/businesses/small-businesses-self-employed/recordkeeping
Description: WEBMar 7, 2024 · How long should I keep records? The length of time you should keep a document depends on the action, expense, or event the document records. You must keep your records as long as needed to prove the income or deductions on a tax return. How should I record my business transactions?
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5. Federal Record Retention Requirements - SHRM
Link: https://www.shrm.org/content/dam/en/shrm/topics-tools/legal-compliance/Federal-Record-Retention-Requirements.pdf
Description: WEBFederal Record Retention Requirements The following chart includes federal requirements for record-keeping and retention of employee files and other employment-related records.
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6. United States Records Retention Schedule by State | Legislation …
Link: https://www.crownrms.com/us/insights/united-states-records-retention-schedule-by-state-legislation-news/
Description: WEBSep 17, 2020 · Below we’ve compiled record retention schedules by state for municipalities, special districts and state agencies, boards and commissions, as well as general employer recordkeeping laws to help your business become compliant. Record Retention Schedules by State (alphabetical order): Alabama Record Retention Schedules
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7. Record Retention Policy For Businesses: A Strategic Guide To …
Link: https://www.armstrongarchives.com/record-retention-policy-for-businesses/
Description: WEBAt the federal level, laws like the Sarbanes-Oxley Act set stringent guidelines for record retention, particularly for public companies. This act mandates the retention of financial records and audits for a minimum of five years.
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8. How Long to Keep Tax Records and Other Documents
Link: https://www.consumerreports.org/money/taxes/how-long-to-keep-tax-documents-a5302825423/
Description: WEBFeb 25, 2022 · Consumer Reports tells you how long to keep tax records and other documents and shares easy ways to organize your post-tax paper records and computer file clutter.
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9. Records Keeping Business and - Internal Revenue Service
Link: https://www.irs.gov/pub/irs-pdf/p583.pdf
Description: WEBBoth you and the employee must complete the U.S. Citizenship and Im-migration Services (USCIS) Form I-9, Employment Eligi-bility Verification. You can get the form from USCIS offices or from the USCIS website at USCIS.gov. Call the USCIS at 800-375-5283 for more information about your respon-sibilities.
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10. Is It Time to Update Your Record Retention Policies? - SHRM
Link: https://www.shrm.org/topics-tools/news/hr-magazine/time-to-update-record-retention-policies
Description: WEBAug 31, 2021 · Create a Schedule. “HR should have at hand and periodically update a chart for each type of record to be retained, the primary custodian, the retention period, and the law or regulation that ...
