Quick answer: Keep most business records for at least seven years, which covers tax audits, lawsuits, and potential claims. Some documents—like business formation papers and meeting minutes—should be kept permanently, while payroll records require a minimum of four years.
Topics: IRS, accounting regulations, financial management
Many businesses aren't sure how long records must be saved in the paperless era. Record-keeping is a boring, but.
Topics: accounting, IRS, financial management
When a flood, fire, hurricane or other disaster strikes your business, you may suffer heavy property damage along with.
Topics: IRS, accounting tips, internal audit
The IRS keeps the exact criteria it uses for auditing select business tax returns a secret. The audit process includes.
