Now let's discuss why North Carolina is known as both the Tar Heel State and the Old North State. Old North State History In 1629, King Charles I of England erected into a province all the land from Albemarle Sound on the north to the St. John's River on the south, which he directed should be called Carolina.
Recordkeeping Requirements EEOC Regulations require that employers keep all personnel or employment records for one year. If an employee is involuntarily terminated, his/her personnel records must be retained for one year from the date of termination.
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.