Shandling & Landsman L.L.P.
Home
Services
Firm Profile
Associations
Resources
Calculatrors
Contact Us
Resources

Firm utilizes the services of various outside professional organizations to deliver a degree of services needed by our clients.  These services include pension/retirement planning, investment services, legal services, when required tax specialist, although most tax issues are handled within the firm.  The company maintains various computer programs for tax, accounting, bookkeeping and other financial services.

Record Retention Guide
Type of Record

Individual
Retention Period

Business
Retention Period

Retirement Plan Annual Reports/pension plans

permanent

permanent
IRA annual reports

permanent

 

IRA nondeductible Contributions(Form 8606)

permanent

 
Insurance policies

generally life of policy plus 3 years

generally life of policy plus 3 years
Employee files(ex-ees)

 

7 years
Employment applications

 

3 years
Lease payment records     

 

life of policy plus 4 years
Board minutes/bylaws

 

permanent
Business licenses

 

permanent
Leases/mortgages

 

permanent

Stocks registers/shareholder records

 

permanent
Accounts payable/receivable

 

7 years
Audit reports

 

permanent
Annual financial statements

 

permanent
Loan payment schedules

 

7 years
Purchase/sales records

 

7 years
Inventory

 

7 years
Electronic payment records

 

7 years

 




Resources

 ©2016 Shandling & Landsman LLP