MBE QuickBooks Tips
BY DAILENE FRY-MALACINA — CLIENT ACCOUNTING SERVICES MANAGER, CERTIFIED QUICKBOOKS PRO ADVISOR
“How long do I need to keep tax records?” This is a question we frequently get asked this time of year.
Personal and Business tax returns should be kept indefinitely, but most of the supporting paperwork (canceled checks, medical bills, loan records-after payoff, etc.) only need to be kept for 7 years.
For a full schedule of Record Retention, click here.