The expert for the deactivation of your legacy systems.
All tax relevant data that has been digitally generated will have to be available for the duration of the mandatory retention period in machine readable formats for all three access methods (direct and indirect system access, data media provision). Pursuant to GoBS/GDPdU, it is prohibited to simply deactivate legacy systems and to delete tax relevant data.
If a new corporate structure has been created or a business has been acquired and any time systems have been changed, certain other systems are frequently no longer in use. These become legacy systems.
How will you satisfy the demands of a tax auditor who is planning to review your financial, payroll and equipment accounting or materials management system? How do you properly manage tax relevant legacy systems such as time records, etc.?
Are you currently in a position to provide all three access methods and can you do so within an adequate period of time?
Are you about to change your ERP system?
Get in touch with us now.
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