How Long to Keep Paperwork?

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  • Josiegirl
    Daycare.com Member
    • Jun 2013
    • 10834

    How Long to Keep Paperwork?

    So former dcfs, some from as far back as 12-15 yrs. ago, can I finally throw away all that paperwork? How long do we need to keep our menus, tax papers, attendance records?
    Thanks!
  • Blackcat31
    • Oct 2010
    • 36124

    #2
    Found this on Tom's website:

    Comment

    • Cat Herder
      Advanced Daycare.com Member
      • Dec 2010
      • 13744

      #3
      My state seems to say 2 years for most everything. I keep 5, just in case.
      - Unless otherwise stated, all my posts are personal opinion and worth what you paid for them.

      Comment

      • DaveA
        Daycare.com Member and Bladesmith
        • Jul 2014
        • 4245

        #4
        I’ve been told 5 years by licensing, 7 years by CPA.

        Comment

        • AmyKidsCo
          Daycare.com Member
          • Mar 2013
          • 3786

          #5
          I keep tax stuff 7 years and children's records forever.

          Comment

          • Josiegirl
            Daycare.com Member
            • Jun 2013
            • 10834

            #6
            Thanks!!
            I was assuming a few years but children's records forever? Egad.

            Comment

            • Alwaysgreener
              Home Child Care Provider
              • Oct 2013
              • 2519

              #7
              Originally posted by Josiegirl
              Thanks!!
              I was assuming a few years but children's records forever? Egad.
              If you can, scan them on to a USB drive. Make two copies and shred the hard copies afterwards.

              Comment

              • Mom2Two
                Daycare.com Member
                • Jan 2015
                • 1855

                #8
                I'm an LLC so I have to keep financial 10 years.

                Comment

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