What are the business records and documents that need be to be kept for 3 Years?

TaxGuru · #1 (**permalink**) 09-18-2009, 10:41 AM

The IRS has required that some business records and documents need to be kept for a minimum of 3 years. These are as follows;

-Bank Statements and Reconciliation's
-Employee Personnel Records (after termination)
-Employment Applications
-Expired Insurance Policies
-Petty Cash Vouchers
-Physical Inventory Tags
-Time Cards For Hourly Employees

jamhassan · #2 (**permalink**) 06-23-2011, 12:43 AM

mostly business run his long term relationship very important is your company how many years old perform then any one person trust your company system then your income increase day by day company more successful in the future.