Is your office getting cluttered up with old paperwork? Do you have employee files from the 90s that you would like to get rid of? <\/p>\n\n\n\n
If you’re wondering how long to keep tax records and employee information, this article’s for you. We’ll give you the inside scoop on how long to keep documents and help you get started clearing out your office. <\/p>\n\n\n\n\n\n
Whether you’re in the process of or managing an existing one, you’ll need to keep your bank statements. But how many years should you hold on to them?<\/p>\n\n\n\n
In general, you should hold onto annual bank statements for seven years. Online banking has progressed to the point that your bank can print out any information you need. <\/p>\n\n\n\n
You can shred your monthly bank statements after one year, however. <\/p>\n\n\n\n
If you’re wondering how long to keep documents pertaining to your employees, the answer is also seven years. If there’s been a workers’ compensation claim, you should hold onto that employee’s information for 10 years. <\/p>\n\n\n\n
You might be surprised to learn that you should retain job applications for three years, even if you don’t hire that person. <\/p>\n\n\n\n
The good news is that you can scan paperwork into your computer system so you don’t have to deal with office clutter.<\/p>\n\n\n\n
If you’re dealing with serious clutter, however, don’t stress. Take a weekend day to sort, clean, and organize. You can get more cleaning tips from this site<\/a>. <\/p>\n\n\n\n There are more than 25 million<\/a> entrepreneurs in the United States, and they all have the same burning question. How long do you need to keep tax returns?<\/p>\n\n\n\nHow Long to Keep Tax Records?<\/h2>\n\n\n\n