Firstly, apologies if this has been covered in the past, I have searched Anyanswers, but didn't find anything that seemed to match what I am asking.
We are a small practice with 4 staff and the two Senior Staff / Partners. For years, we have kept everything in our client files or in archive when then files got too big. We now keep 3 years worth of Accounts and Tax Returns on the actual file and then the rest in archive storage at the office.
We are not registered Auditors and merely deal with Accounts, Tax Returns, Payroll, VAT etc.
What do other small practices keep and for how long?
We have looked at scanning things in, but that means me going through each piece of paperwork to be able to tell staff that it can be kept. We have copies of the Accounts and Tax Returns on the computer, but these are not signed as clients sign them manually and we keep the signed version. We have been looking at e-signing and have had some clients utilise this over the past 12 to 18 months, but we still have many more who prefer a face to face meeting to sign things off each year.
Any thoughts are most gratefully received and I thank everyone in advance for their help.