To find out how your company compares with others in your industry, go to www.osha.gov/oshstats/work.html. You will need your companyâs SIC code. You can find âIncidence Rate Calculationâ and âFind Your SIC Codeâ quick links at www.employersclaim.com or www.mycomplink.net.
Store for 1 year: regular statements, pay stubs. Keep either a digital or hard copy of the past yearâs worth of your monthly bank and credit card statements. You should also hold on to pay stubs so that you can use them to verify the accuracy of your Form W-2 when tax season arrives.
What sort of tax records should you keep? Along with copies of your actual returns, make sure to hold onto credit card bills, bank statements, receipts, mortgage interest statements, and 1099 forms or other records of outside income. If you use your vehicle for business, hang on to your mileage log for a minimum of three years.