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Untill the Taxation System Audit Time not over.

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Q: How long should a person keep business records?
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How long do you have to keep tax records for a business?

We must keep tax records for 10 years for a business


Why do we keep business records?

to make fun of the records


Uses of computer in GENERAL business?

keep sales records, keep payroll records


How long should personal tax records be kept in Australia?

A person should keep personal tax records for about 7 Years in Australia.


How long do you keep accounting records in the US?

How long to keep accounting records for business in the US


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.


What kind of records should a small business keep?

A small business should always keep founding documents, any paperwork related to funding, a business plan and also any documents regarding interaction with customers and suppliers (invoices, contracts, receipts).


How long should an insurance broker keep records in California?

You should keep the records for a minimum of 5 years.


What is monitor activity?

Monitoring activity allows the manager of the business to keep track of the records, sakes and bills which mean they should have a good idea of how well the business is doing.


How long to keep tax records for business?

You should keep your business records for a minimum of three years for federal income tax purposes. Records retention for state tax agencies varies, but three years would also be a minimum for these tax authorities as well. Note that your records having to do with any depreciable capital assets should be kept until at least three years after the assets are disposed of. Also, any records having to do with tax carryover items should be kept for at three years after the carryover is used up.


Why is it necessary for a business to keep records?

so that they can keep track of every transaction throught there business to prevent problems later on.


After you pay taxes you should keep all your employment tax records?

Yes you should keep some very good detailed records of all of your business operations. Go to the IRS gov web site at at top choose BUSINESSES You can click on the related links