Mexico is located on the continent of North America in the Northern and Western Hemispheres. Mexico is located south of the United States and is bordered by the Gulf of Mexico and the Caribbean Sea on the east and the Pacific Ocean on the west and south.
However, if an employee suffers a work-related accident or files a claim against the business, it's advisable to retain your records for up to 10 years after the claim is resolved. Job applicant information must be kept for at least three years, even if you didn't hire the applicant.
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.