Keeping client information secure and confidential – Accountant Onsite Document Destruction.
As an accounting professional, your industry is based on accurate record keeping, trust and professionalism. In this article, iShred will take a look into the types of confidential documentation that your clients entrust with you and the steps for Accountant Onsite Document Destruction.
Whether you’re in charge of your own practice, or operating in the account departments of a company, it’s imperative that records are kept confidential.
Some of the information that you may keep on record for your clients are:
- Bank Account Records
- Credit Card Information
- Details of Company Directors
- Tax Return information
- Payments to employees and to other organisations
- Financial Statements i.e., Balance Sheet and Profit and Loss Statements
How long to keep information?
How long to keep sensitive information relating to accounting professional vary between state and the type of document.
Please seek professional advice for your industry and circumstance. This information is a guide only.
For small businesses, you must legally keep records for at least 5 (five) years after they are prepared, obtained or the transactions completed (whichever occurs last).
For businesses employing people under a modern award agreement, you are required to keep time & wages records for 7 (seven) years.
For Individual Tax Returns, you must keep written evidence for 5 (five) years form the date the tax return was lodged. This includes if the individual has claimed deductions and / or acquired assets.
How to Securely Destroy Documents – Accountant Onsite Document Destruction
The experts at iShred can securely and confidentially destroy sensitive information for accountants, or any other destruction.
We can come onsite to your location and securely destroy:
- Paper Documents & Archives
- Bulk Mail
- Hard Drives
- USB sticks
- Receipts & Invoices
Upon destruction, you will receive a Document of Destruction.
Accountant Onsite Document Destruction by iShred