baddierenee1689 baddierenee1689
  • 26-03-2019
  • Business
contestada

How long should sales records such as invoices and monthly statements be stored?

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MrDay
MrDay MrDay
  • 26-03-2019

The IRS suggests all business records should be kept seven years. This allows firms to have records in case there is change to their taxes.

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Checkers94
Checkers94 Checkers94
  • 26-03-2019
7 years, but in some highly regulated industries, such as financial services (broker dealer/ investment services), best practices is considered to be 10 years
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