Her name was Vincent, and her husband, a gilder by trade, had been carried off by consumption. The Three Cities Trilogy, Complete Emile Zola A great saving has also been made in the consumption of coal. The Railroad Question William Larrabee He says, your Highness, that I am like a snake in a consumption!
Report Abuse. As long as you need them. Sorry, not trying to be a wise-guy with that. Tax documents such as payroll stubs, cancelled checks for deductible items, etc. 3 years from the end of the year in which the taxes were due. Best to keep them for 5 years, however. Pay stubs (or W-2s) and possibly tax returns should be kept forever if you think you may need proof of income for Social Security purposes. Real estate documents: As long as you own the property + 3 - 5 years for tax purposes. Other receipts: As long as the warranty runs, for proof of purchase.
You want to maintain a record of how much each employee was paid, and how many hours they worked for their entire tenure at your company. Keep your records for at least five years after the employee leaves, regardless of reason. For exempt employees, of course, you don't need to maintain time records, as their pay is the same regardless of the number of hours worked. However, if you ever misclassified an employee as exempt when she should have been non-exempt, these hours worked records can guide you for paying owed overtime.