1 min read

Papers, Papers & More Papers, Oh My!

Suggested Record Retention Guide for Businesses

Isn’t it such a great feeling heading into the new year being prepared?  All the clutter is cleaned out of the office, the filing cabinets and desk drawers now have room for the 2016 documents, your desk is squeaky clean once again!  It’s like a weight has been lifted off of your chest and you can look 2016 in the face and say “Oh yea, I’m ready!”, but wait….are you ready? Paper workHave you cleaned out those cluttered desk drawers and filing cabinets yet or is that daunting task still hanging over your head?  We know it can be overwhelming not knowing which papers to keep or which ones to shred.  That is why we have created a reference guide for businesses.  With this reference guide you will be ready for 2016 in no time!

It is extremely important to hold on to business records in the case of an IRS audit or other type of examination.  However, retaining unnecessary records take up valuable storage space that could be made available for more important documents. Neat working space
 
We at James Hamlin & Co. have put together a general business record retention guideline to help you determine which documents you should keep and which ones are okay to shred.  We hope you find this reference helpful.  Please contact us if you have questions or uncertainties about destroying any tax documents or accounting records.  Records Retention Guide for Businesses

Kaizen CPAs works with auto repair shops across the country. We know running a successful shop takes more than keeping the bays full. We help shop owners understand their numbers, stay ahead of taxes, and build stronger, more profitable businesses. Auto repair is at the heart of what we do, but we bring the same practical, hands-on approach to businesses in other industries, too.

YPD HCM is part of the Kaizen CPAs family. YPD HCM helps small businesses manage payroll, HR, and compliance with the right tools and personal, human support—from payroll and tax filings to onboarding, employee management, and more. It’s practical help for the people side of your business, from a team that’s there when you need them.

The information in this article is provided for general educational purposes and reflects conditions as of the publication date. It is not legal, tax, accounting, payroll, HR, or compliance advice. Every business is different, so talk with a qualified professional about your specific situation.

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