Keeping your records can consume a massive amount of space. Luckily, there are companies that provide safe and secure document storage and management. By using one of these services, you can reduce your office clutter and save an additional 25 percent of filing cabinet space.
In order to access the most used records, small business owners should keep at least the past two years of records in the office. This will allow you to easily find the information you are looking for whether it is to compare costs and/or contracts to make better decisions for your business.
With the sudden increase of identity theft, it is imperative that you store and dispose of your documents in accordance with both federal and state regulations. Many document management and storage companies can assist you in properly storing and purging your records. For those who are tackling record retention without the assistance of an outside company, consult your CPA for proper storage and disposal compliance.
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