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.
Most businesses accumulate a large number of documents on a monthly basis -- such as financial statements, receivables, payables, insurance paperwork and employee records. Documents pertaining to paid accounts are important to keep, because they show debits for goods and services the company has paid off.ecord-Keeping Time Frame. The main reason a business should retain financial documents from prior years is in the case of an audit by the IRS. The IRS states that except in the case of fraud, it has three years from the date of a business filing a return to perform an audit.