For costs, complete details of the coverage and for policies available in your state, please contact your local Aflac agent. Limitations and Exclusions for residents of Arizona: Aflac will not pay benefits for services rendered by you or a member of the Immediate Family of a Covered Person. For any benefit to be payable, the Injury, treatment, or loss must occur on or after the Effective Date of coverage and while coverage is in force.
You might have other payroll records you are required to keep, like travel vouchers for employee reimbursements. Keep payroll records for a certain time period to avoid penalties. For example, if you are audited or accused of discrimination, you need to have records. How long to keep payroll records? You must keep all payroll records for at least three years, according to the Fair Labor Standards Act (FLSA). And, you need to keep records that show how you determined wages for two years (e.g., time cards that comply with FLSA timekeeping requirements). Maintain records of employment taxes for at least four years after filing the fourth quarter for the year, according to the IRS. These records include documents like an employeeâs Form W-4, personal information, and dates of employment. Storing payroll records. You can store payroll records via paper or online files.
The ADEA does not require employers to keep payroll records in any particular format, as long as the records are available when the EEOC requests them, according to the EEOC. The FLSA does not require that time clocks be used to keep track of employee hours, according to the U.S. Department of Labor.or instance, while the ADEA requires payroll records to be kept for three years, it requires basic information about the employee to be kept only one year, according to the EEOC. To ensure your business meets all its recordkeeping retention requirements, consult a qualified employment law attorney.