Real Estate and Construction Newsletter
Whether You Like to Keep or Purge, Here Are Best Practices for Document Retention
While many taxpayers prefer to err on the side of caution and keep everything, others prefer to purge documents annually. So what’s a good rule of thumb on document retention for both companies and individuals somewhere in the middle? Document retention policies are a common topic of discussion. From a tax and accounting perspective, we generally advise clients to retain records for at least five but no more than seven years. Click here to learn more about document retention and to see the latest news from Anders.