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We also strive to provide you timely information that can help you with your business. This month’s eNewsletter provides guidance for that pesky office dilemma, Document Retention Practices.
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Document Retention Practices
Typically, most of us keep everything for fear of not having the right document at the right time. Our file cabinets and boxes grow until there is no more room, or until a major change in life circumstances forces us to downsize.
In this brief (comparatively) article I hope to cover most of the record retention requirements. I teamed up with Robert Long of Coral Springs, Florida to make sure I provided accurate information. Robert is a CPA in his own practice (Robert E. Long M.A., C.P.A., P.A.) and has been serving small businesses for decades. As the internet and email has made our world more virtual, he is now serving small business owners in many states across the nation. Here are his thoughts on the subject.
Before you head for the trash can, make sure you’re not disposing of records you may need. You don’t want to be caught empty-handed if the Treasury Department contacts you. And, please keep in mind, these are guidelines for both personal as well as business records, so they should be applied accordingly.
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Test Your Knowledge
Talking about document retention practices, how many average sized documents can you save in a Yottabyte?
Know the answer?

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