The Tax Genie genie

How Long Should You Retain Business Records?

One Year Three Years Seven Years Permanently

Today, more than ever, business owners suffer from document overload. The two questions we hear over and over are: "Which records should I keep?" and Which records can I destroy?"

A well defined program is an important part of your record keeping system. Factors to consider when establishing a record retention program include federal and state tax laws, labor laws, government regulations, statutes of limitation on litigation that may affect your business and the general information retrieval needs of your business.

We have prepared these guidelines to assist you in developing your record retention program. Should a question arise about whether important records or documents can be destroyed, please contact us.


One Year


Three Years


Seven Years



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