HOW LONG SHOULD YOU KEEP BUSINESS RECORDS
DISCLAIMER NOTICE:The following information is only a recommendation and is taken from various sources that recommend the length of time to keep various business records. This is not an all inclusive list as there are many other types of records that businesses are required to retain for specific purposes including but not limited to employee exposure to various substances records under occupational safety and health regulations, environmental test records, etc. In many cases, there are no laws requiring how long to keep specific business records. In the case of tax audits, audits can go back seven years in most cases unless fraud is alleged in which case the tax audit can go back an unlimited time. The reader is advised to use his/her best judgement as to how long to keep various business records as the reader may become liable for taxes or other costs if necessary records are not available. The readers must only use the following as a point of information in making his/her decision.