Payroll records retention is a critical task for every business to undertake. However, with so many pieces of information to keep on all your employees, it can often feel overwhelming. If you're wondering where to begin, how to store information, where to store it, or anything else regarding payroll records retention, this short guide will put you on the right track.

The quality of a company's human resources record retention is a powerful barometer of how efficiently the company handles information in general. Without a solid plan of action, your company may not be up to regulatory standards, be safe from hackers, or be trusted by potential customers.

To ensure total patient safety, streamlined oversight and the highest quality of care, Canada's government has certain medical records retention requirements that you must follow. As with any government regulations, completely learning these requirements can be a convoluted process. To help your medical organization to get on track with the federal government's medical records retention requirements ASAP, we are going to break down what you need to know about them.

Managing documents is not at the top of an entrepreneur’s favourite activity list. Maintaining original records has long been a dilemma for companies of any size. In the past, businesses that generated a high number of transactions were inundated with paper in the form of invoices, receipts, reports, correspondence and tax returns. Papers were shuffled from desks, cash registers and retail counters into banks of filing cabinets and eventually into boxes in some sort of storage area. As time passed and the business grew, the problem of document storage and retrieval became more and more acute. Space that should be used to generate income became dead space. Revenues that could be reinvested were used to pay for more and more storage.

Is your organization prepared to comply with the Canada Revenue Agency's payroll records retention requirements? To help you make sure that you are prepared, we are going to go over the details of payroll retention below.

In addition to the internal requirements your organization has for its record retention practices, you must also abide by all of the record retention requirements that the federal government has put in place. This article will discuss everything you need to know about the federal government's record retention requirements, including what they are and the best ways to keep your records in line with the requirements.

When establishing record retention guidelines for businesses, it is important to consider two factors: the laws governing your record retention and the technology that you can use to manage it. That being said, here are the guidelines for record retention that every business in Canada should follow:

Your records should help you do business, not get in the way. However, if your record retention practices are not up to par, then you will end up wasting a lot of time. Fortunately, getting your record retention practices in order is not very hard if you know what steps to take. That being said, here are five record retention best practices that will help you save a whole lot of time: