To find out how your company compares with others in your industry, go to www.osha.gov/oshstats/work.html. You will need your companyâs SIC code. You can find âIncidence Rate Calculationâ and âFind Your SIC Codeâ quick links at www.employersclaim.com or www.mycomplink.net.
Store for 1 year: regular statements, pay stubs. Keep either a digital or hard copy of the past yearâs worth of your monthly bank and credit card statements. You should also hold on to pay stubs so that you can use them to verify the accuracy of your Form W-2 when tax season arrives.
4 How Long Should You Keep Business Invoices? Customers have as long as 18 months to dispute charges on their credit card bill. If you do not keep the credit card receipts from sales transactions, your business could be forced to return the money for the purchase to the customer's credit card company. If the credit card company sides with the customer and you do not have the receipt to validate the purchase, the company can debit your merchant account for a chargeback.