Just wondered whether I still need to keep my paper records of tax returns, accounts, calculations and identification records for the statutory period for deceased and past clients who I no longer have. An accountant colleague has told me that just the last 2 years would be ok. And, then as time goes on anything over 2 years old can be shredded. Also I tend to have quite a bit stored on USB and pc - likewise for this too. Any thoughts on this please? Many thanks.
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I keep 7 years for everything and shred a year each year, regardless of whether or not the client is still breathing!
In the dim and distant past, I did some work that was investment business related. I keep those files for ever!