Record Reaction What to Keep What to Throw Out

For many businesses, the start of a new year brings more than good cheer, worthy resolutions, and new business plans. It also brings up the question of what to do with all the past year’s records and files—and with documents from prior years. Just how long do you need to keep them? Do those ledgers and canceled checks have to pile up forever? What about correspondence? Legal documents? Tax returns? Email messages?