to make fun of the records
We must keep tax records for 10 years for a business
How long to keep accounting records for business in the US
It varies according to the country.
A bank is required to keep checking and savings records at least 5 years. This applies to personal and business accounts.
5 years in the UK. i don't know about USA
We must keep tax records for 10 years for a business
keep sales records, keep payroll records
How long to keep accounting records for business in the US
so that they can keep track of every transaction throught there business to prevent problems later on.
It varies according to the country.
7 years
A bank is required to keep checking and savings records at least 5 years. This applies to personal and business accounts.
5 years in the UK. i don't know about USA
All financial records for companies should be kept for at least 7 years.
To keep records of the sales and purchases made by a business as well as it capitals. And to find out if the business is making a profit or loss.
Provided his estate went through probate properly in 2004 then you would not usually be expected to keep personal tax records much after that - however if the estate included a business then you may need to keep the records for that for 7 years.
Untill the Taxation System Audit Time not over.