+ Reply to Thread
Results 1 to 9 of 9
  1. #1
    Join Date
    Mar 2010
    Posts
    1,719
    Thanks
    1,042
    Thanked
    396
    Reviews
    0
    Achievements:Topaz Star - 500 posts

    Default How long do i keep tax records?

    I was cleaning out our shed this arvo and found a box of all my old tax stuff from 2005 when i was self employed. Am i safe to get rid of it? Is it 5 or 7 yrs u are supossed to keep for?

    Sent from my GT-I9100T using BubHub

  2. #2
    Join Date
    Jan 2008
    Location
    perth SOR
    Posts
    2,265
    Thanks
    50
    Thanked
    199
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    7 years .

  3. #3
    Join Date
    Mar 2010
    Posts
    1,719
    Thanks
    1,042
    Thanked
    396
    Reviews
    0
    Achievements:Topaz Star - 500 posts
    Thanks....guess i might hold onto them till next yr to be safe!

    Sent from my GT-I9100T using BubHub

  4. #4
    LifeInShadesOfGrey's Avatar
    LifeInShadesOfGrey is offline Just a little bit silly :)
    Winner 2012 - Best Username
    Join Date
    Feb 2011
    Posts
    5,672
    Thanks
    2,052
    Thanked
    1,364
    Reviews
    34
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 posts
    Definately hang onto everything for 7 years.

  5. The Following User Says Thank You to LifeInShadesOfGrey For This Useful Post:

    ShanandBoc  (21-05-2012)

  6. #5
    Join Date
    Apr 2009
    Posts
    991
    Thanks
    199
    Thanked
    282
    Reviews
    0
    Achievements:Topaz Star - 500 posts
    It's only 5 years.

  7. #6
    Join Date
    Mar 2010
    Posts
    1,719
    Thanks
    1,042
    Thanked
    396
    Reviews
    0
    Achievements:Topaz Star - 500 posts
    Thanks...think i might just keep hold of it all until next year then it will be 8 years!

  8. #7
    Join Date
    Jan 2008
    Location
    perth SOR
    Posts
    2,265
    Thanks
    50
    Thanked
    199
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    Quote Originally Posted by ShanandBoc View Post
    Thanks...think i might just keep hold of it all until next year then it will be 8 years!

    PP was correct it is 5 years , I read your post wrong and thought you had a self managed business.

  9. #8
    Join Date
    Apr 2010
    Posts
    2,100
    Thanks
    216
    Thanked
    376
    Reviews
    2
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    Tax stuff is 5 years. Most other documentation that might be required for legal purposes is 7 years, but if you get audited they only expect up to five years.

    Free up some space and turf it!

  10. #9
    Join Date
    Mar 2010
    Posts
    1,719
    Thanks
    1,042
    Thanked
    396
    Reviews
    0
    Achievements:Topaz Star - 500 posts
    Yay i love throwing stuff out lol!!

    Sent from my GT-I9100T using BubHub


 

Similar Threads

  1. Hospital birth records, can we see them?
    By moochymoo in forum Birth Trauma Support
    Replies: 46
    Last Post: 12-12-2013, 14:53
  2. Obtaining medical records from public hospital.
    By Liddybugs in forum General Parenting Tips, Advice & Chat
    Replies: 12
    Last Post: 07-09-2012, 20:30
  3. Why are people so cagey about family history records?
    By BlissedOut in forum General Chat
    Replies: 6
    Last Post: 14-06-2012, 01:56

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
free weekly newsletters | sign up now!
who are these people who write great posts? meet our hubbub authors!
Learn how you can contribute to the hubbub!

reviews
learn how you can become a reviewer!

competitions

forum - chatting now
sales & new stuffsee all
Hire For Baby Perth
New RETAIL store - Perth Hire For Baby Perth
Here at Hire for Baby, we offer a wide range of products from Child Restraints to Strollers, Stroller Accessories and Oricom Baby Monitors. Wholesale prices - till the stock ends. Buy from us and get the installation for FREE.
Like us on Facebook and get $10 OFF
featured supporter
Philips AVENT Australia
Pregnancy and early parenthood is an exciting and challenging time, but it’s good to know there is expert advice on hand to ensure that your baby gets the best start in life.
gotcha
X

Pregnant for the first-time?

Not sure where to start? We can help!

Our Insider Programs for pregnancy first-timers will lead you step-by-step through the 14 Pregnancy Must Dos!