License Activation and Record Retention Check List 2025

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Normally, you should keep these tax records for three years. Its a good idea to keep some documents longer, such as records relating to a home purchase or sale, stock transactions, IRA and business or rental property documentation.
Government Code section 12946 requires that employers maintain and preserve any and all applications, personnel, membership, or employment referral records and files for a minimum period of four years after the records and files are initially created or received, or for employers to fail to retain personnel files of
The 8 Principles are: Accountability, Transparency, Integrity, Protection, Compliance, Accessibility, Retention and Disposition. These are the Principles of good management of Records. ISO 15489: Records management is a globally recognized requirement.
Records To Be Kept By Employers Employees full name and social security number. Address, including zip code. Birth date, if younger than 19. Sex and occupation. Time and day of week when employees workweek begins. Hours worked each day. Total hours worked each workweek.
200.334 Record retention requirements. The recipient and subrecipient must retain all Federal award records for three years from the date of submission of their final financial report.
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Maintaining and Posting Records The records must be maintained at the worksite for at least five years. Each February through April, employers must post a summary of the injuries and illnesses recorded the previous year.
The following are some of the types of records you should keep: Cash register tapes. Deposit information (cash and credit sales) Receipt books. Invoices. Forms 1099-MISC.
Records Retention Schedules should identify the records your agency is creating and are responsible for and the retention periods they must be kept for, either per business need or statute. State and local government agencies will use different templates and formats for their retention schedules.

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