Resources of Records Retention Rules
Determining how long to retain employment, payroll, business, personal and other records can place tremendous burden on business owners. Retention rules at both the state and federal level make compliance even more onerous.
Business owners who fail to adequately retain records may find themselves involved in costly litigation if the misuse of or inability to produce a record causes someone financial harm.
There are many online resources which can help you:
www.irs.gov – The ultimate authority on retention involving employment records, payroll information, audit, financial, tax and other information
www.hhs.gov/ocr/hipaa – the Comprehensive souce for information on HIPAA compliance
www.osha.gov –The Federal website for extensive information on retention regarding OSHA compliance and workers' compensation
www.glb.info/ – This website contains important retention and compliance information for the Gramm-Leach-Bliley Act designed to protect consumer information.