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Q: Client machine's audit logs will be maintained for at least?
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Audit logs should be reviewed at least?

Once a Week.


How long do you keep small business acounting records in case of an audit?

All financial records for companies should be kept for at least 7 years.


According to the Income Tax Act in India how many years does a company have to keep account books?

Every company must maintain proper books of accounts These books and papers together with the vouchers pertaining to entries made must be maintained for at least 8 years.It has been clarified by the Department of Company Affairs in their Circular No. 2/83 dated 2/3/1983 that the books of account should be prepared and maintained in indelible ink (and not in pencil).


How can a small business join a credit bureau so they can report bad debt?

You cant! Unfortunately, I called them all for my bosses businesses (he has 9 businesses) One said you needed over 100 accounts to report and another said you needed at least 500 accounts to be able to report a client.


How far back can you be tax audited?

You can (theoretically at least) be audited forever.However, if the results of the audit show that you owe more taxes, there are limits on how far back the IRS can collect the taxes. Generally, taxes cannot be collected three years after you file a return. If you understated your income by 25% or more, then the limit is six years. If there is willful tax fraud involved, there is no limit. If no return was filed, there is no limit.Even though the IRS might not be able to collect taxes from more than 3 or 6 years ago, they might want to audit an older return if you are carrying over amounts such as capital losses to a more recent year. Even though they might not be able to collect underpaid taxes from seven years ago, they can disallow a carryover you are taking that resulted from a transaction seven years ago. Or they might want to audit older tax returns if there is suspicion of criminal activity or if you are ever nominated to a prominent political office.Note: Limits on state taxes may be different and vary by state.

Related questions

How long will client machine audit logs be maintained for?

Client machine's audit logs will be maintained for at least:


How long will Client machine audit logs be maintained?

Client machine's audit logs will be maintained for at least:


Which type of audit is the least complicated for taxpayers?

a correspondence audit


Audit logs should be reviewed at least?

Once a Week.


When was The Least Worst of the Suicide Machines created?

The Least Worst of the Suicide Machines was created in 1995.


Will the IRS hold your 08 refund while you are in the audit process from the 07 taxes?

Probably....and also likely = depending on what the audit is seeing - that they will extend the audit to 2008 - at least for those things they dispute for '07.


How many machines make up simple machine?

At least 300


Should the defense attorney cooperate with a prosecutor if it means their client will go to jail?

If the client is guilty then the defence attorney should get the least sentence possible


What is the difference between statutory audit and non -statutory audit?

Statutory audits are reviews of a business or governments financial records as required by law. Non-statutory are audits not required by legal statute but needed because of some other reason. A non-statutory might be needed if some issue is brought to light such as an irregularity in the way business is being done or perhaps in the case where some type of intentional actions such as an incompetent accountant or even embezzlement was discovered, to find out the extent of the issue.


Are most weight machines easy to set up?

Weight machines can be quite challenging to set up. At the very least, have someone helping you.


When should a client be reminded of a appointment?

Sufficiently early to allow the client to check his appointments and make any adjustments if required.


How often do window shutters need to be maintained?

You should wash your shutters at least once a month.