Tax records should always be shredded by a professional. Identity thieves are notorious for sifting through the trash and piecing together documents after shredding with an aftermarket device. Using professional shredding services can help prevent identity theft.
Many industries, including legal, medical and financial industries, are required to keep records for several years – sometimes as long as 10 years. In some cases, your business must keep certain records for over 10 years. These documents take up a lot of space in the office – and may not be completely secure.