DURING PERIOD refers to actual hours worked, injuries or lost days during the actual period that the data is being calculated. 2. The number of hours worked includes all part time or seasonal workers, overtime and Z-time. It does not include time paid which is not. worked such as vacation, holiday, illness, leave of absence or unassigned days. 3. The number of cases with lost work time as defined by OSHA.
For example your company is obliged to keep all information relevant for VAT purposes for as long as six years. That means that any emails dealing with VAT must be kept for that period as a minimum. Of course financial records arenât the only pieces of information subject to these kinds of laws.
What tax records should I keep? You should keep every tax return and supporting forms. This includes W-2s, 1099s, expense tracking, mileage logs if you itemize and other documents. So why is keeping tax returns for three years important? Keeping tax returns for the three-year time period is tied to the IRS statute of limitations. Under the statute, if you do not file a claim for a refund that you are entitled to, you generally have the later of three years from the date you filed the original return or two years from the date you paid the tax, to file the claim.