Carbis Walker Resources

RECORD RETENTION

by Carbis Walker & Associates, Certified Public Accountants

Is it time to clean the office for the open house, holiday party, or annual get— together and you can’t decide what records to keep?

Well, the natural course of action of most businesses is to keep records and documents as long as feasible, even if the potential for future use is minute.

In these times of escalating rent and limited storage space, businesses can no longer afford the luxury of keeping unnecessary business records. Therefore, it is necessary to periodically clean house, or in certain instances, microfilm —— which provides the business with a space—economizing method of retaining records in a retrievable format.