Document retention: Get the details right
Many accountants find that after the stress of 31 January they need a few weeks doing something different, not least because work is a little slow in the months of February through to April in comparison, explains Jennifer Adams.
It’s the new tax year and thus thoughts turn to the clearing out of old files as we transfer from one year to the next. Proof of this can be found on Any Answers as every year a question is posed asking other members as to their firm’s policy regarding past paperwork - what to keep and what to destroy.
A typical question was asked this year by Beverley Chester
As Beverley so eloquently explains...
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- Why have a policy
- Where to start?
- Creating a retention/destruction policy
- ‘Trigger’ dates and minimum retention periods