jecasc - 8:56 am on May 11, 2009 (gmt 0)

We asked our merchant processor and they passed the buck and told us to "Check with your accountant" which of course really doesn't make much sense.

That makes a lot of sense. There are usually laws how long you have to keep receipts and other documents of your company.

For example in my country the retention period for receipts is 10 years. There are usually retention periods for everything: letters, emails, receipts, inventories...

An accountant will know the retention periods that are relevant for you.