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Why is an individual payroll record kept for each employee?
Every business must retain certain records on their current and past employees but the time is respective to the department you are looking at. A great article can be found here: http://www.article-voip.com/Article/Payroll-Record-Retention-Requirements/394
How long must corporations retain tax records?
There are lots of different tax records, and each has a different requirement. And many things can extend the time that they are needed for possible audit and review. Also, what one means by "retain records" changes. Over the years much of the detail work, account specifics and such may well be disposed, but the essentials retained. Generally, most corprations keep their income tax records for virtually ever...or close. Something like payroll records..regardless of the actual rule, for at least as long as they are needed. Again, copies of each employees W-2, really unimportant to their filing, probably get tossed earlier.
Why employee records are kept by companies in Singapore?
every business must retain certain records on their current and past employees
How long must the medical records be kept by the employer?
Employee medical records must be kept by employers for how long?
How long do you have to retain medical records in Arizona?
The statutes (A.R.S. § 12-2297) require a physician to retain the original or copies of a patient's medical records for a minimum of six years past the last visit if the patient is an adult. If the patient is a child, a doctor must maintain the records until the child is 21 or for at least six years past the last patient visit - whichever is longer.
How does payroll affect a business?
Payroll must be met if a business is going to have workers. A business that cannot keep up with the demands of the payroll expenses will not be in business very long.
How long must a health organization retain a record?
It depends on the country in question.
How long must you maintain records?
As long as the laws in your country require you to.
How long must you retain ads for job recruitment?
There are no universal statutes anywhere that say you must retain them for any given length of time. There may be local legislation. Check locally
Which functional areas are related to payroll?
The payroll department is a key feature of a company's internal expense functions. As such the payroll department must interact with several areas: A. The accounting department will need to explain certain payroll practices. Such as making sure the company's budget for payroll is within the budget guidelines; B. If the payroll department is part of human resources, then accurate payroll records will help any disputed pay problems for employees; and C. The payroll department has government regulated payroll deductions. Internal auditing will need to ensure that the proper deductions are being made.
How long does a real estate broker keep transaction records in California?
The California Business and Professions Code Section 10148 dictates that a real estate broker must retain all records of transactions for three years, starting from either the closing date of the transaction, or from the listing date if the transaction is not completed.
How long must the medical provider retain copies of government insurance claims?
six years
