1. (Government, Politics & Diplomacy) a body of ideas that reflects the beliefs and interests of a nation, political system, etc and underlies political action. 2. (Philosophy) philosophy sociol the set of beliefs by which a group or society orders reality so as to render it intelligible.
How long to keep records. You must normally keep records for at least 6 years from the end of the last company financial year they relate to. You may need to keep records longer if: 1  they show a transaction that covers more than one of the companyâs accounting periods.ou must also keep any other financial records, information and calculations you need to complete your Company Tax Return. This includes records of all money: 1  spent by the company, eg receipts, petty cash books, orders and delivery notes.
Income Tax Records. The Internal Revenue Service requires companies to keep business tax returns and supporting documents for a minimum of three years from the time of filing. During this time, the return can be amended or audited.If you failed to report income, however, the IRS can come after your business for up to six years.If the business took a deduction for a worthless security or bad debt, the IRS can pursue the issue for seven years. To be safe, a business should keep tax records in its permanent files.ncome Tax Records. The Internal Revenue Service requires companies to keep business tax returns and supporting documents for a minimum of three years from the time of filing. During this time, the return can be amended or audited.