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1. How long should I keep records? | Internal Revenue Service
irs.gov
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. Recordkeeping | Internal Revenue Service
irs.gov
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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3. How Long Should You Keep Documents - U.S. Chamber of …
uschamber.com
Link: https://www.uschamber.com/co/start/strategy/how-long-to-keep-business-documents
Description: WEBOct 7, 2021 · In general, the following laws, acts and agencies require record retention: Internal Revenue Service (IRS). Federal Insurance Contributions Act (FICA). Americans with Disabilities Act (ADA). Age Discrimination in Employment Act (ADEA). Occupational Safety and Health Act (OSHA). Employee Retirement and Income Security Act (ERISA).
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4. Federal Record Retention Requirements - SHRM
shrm.org
Link: https://www.shrm.org/content/dam/en/shrm/topics-tools/legal-compliance/Federal-Record-Retention-Requirements.pdf
Description: WEBThe following chart includes federal requirements for record-keeping and retention of employee files and other employment-related records. Individual states also have requirements not...
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5. What kind of records should I keep | Internal Revenue Service
irs.gov
Link: https://www.irs.gov/businesses/small-businesses-self-employed/what-kind-of-records-should-i-keep
Description: WEBMar 22, 2024 · What kind of records should I keep | Internal Revenue Service. You may choose any recordkeeping system suited to your business that clearly shows your income and expenses. The business you are in affects the type of records you need to keep for federal tax purposes. Your recordkeeping system should include a summary of your …
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6. Keep or toss? A guide to CPA firm record retention
journalofaccountancy.com
Link: https://www.journalofaccountancy.com/issues/2020/jun/cpa-firm-record-retention.html
Description: WEBHow long records should be retained depends on a variety of factors including, but not limited to: Type of service: The firm's areas of practice, and the professional standards that govern them, should be considered to identify any applicable record-retention requirements. For example, for tax, workpapers that support tax returns prepared ...
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7. A Beginner's Guide to Document Retention - The Motley Fool
fool.com
Link: https://www.fool.com/the-ascent/small-business/cms/documentation-retention/
Description: WEB2 days ago · Document retention is the process by which records required for ongoing business operations are identified and maintained. A document retention policy provides guidelines for the review, secure ...
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8. Fundamentals of records retention schedule - Iron Mountain
ironmountain.com
Link: https://www.ironmountain.com/resources/whitepapers/f/fundamentals-of-records-retention-schedule
Description: WEBApr 2, 2024 · Structural Elements. A retention schedule organizes a company's records in categories called record classes—groupings of records that support similar business processes and that have related legal and operational retention requirements. Creating record classes allows a company to apply consistent retention practices to similar types …
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9. Records Management Guidance | National Archives
archives.gov
Link: https://www.archives.gov/guidance/records-management-guidance
Description: WEBProvides guidance on scheduling permanent records with retention periods less than 15 years or more than 30 years. 09/30/2020: Supersedes NARA Bulletin 2015-01: 9/30/2020
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10. A Guide to Employee Record Retention | CO- by US Chamber of …
uschamber.com
Link: https://www.uschamber.com/co/run/human-resources/employee-record-retention-guide
Description: WEBApr 3, 2023 · Employee record retention requirements. Retention periods range from one year for drug test results to 30 years for hazardous exposure. The Equal Employment Opportunity Commission (EEOC) outlines basic requirements for recordkeeping.