If finally figuring out what to do with the boxes and boxes of back-files hogging space in your office or storeroom is on your list of New Year’s resolutions, then Derrick Myers, CPA, CFP, has some good news for you: With a little strategy (and guidance), determining which files to keep and which to destroy is a pretty straightforward task.
To sort out your own answers, “you’ll need to look at the different types of records and their purposes. From there, you get to ask yourself some questions,” Myers writes in this month’s Floral Management. Check out the full column for insight on how long you need to hang on to tax records, the best way to organize vendor receipts and advice on which records you do need to keep, well, forever, along with a whole lot more.
