Financial fraud occurs when someone denies you money that’s rightfully yours or harms your finances by deceptive, misleading, or other illegal means. There are several forms of financial fraud, including but not limited to the following: Identify Theft: This occurs when someone steals an element of your financial information — like an account or credit […]

How long do you hold on to your bank and credit card statements? It may very well be longer than you need to. It’s recommended that individuals destroy their bank statements after only one year and businesses destroy them after six. With banks sending monthly and annual paper statements, it’s understandable to have accumulated a […]

Key Takeaways Use an HRIS to keep employee records organized and easy to maintain. If you use spreadsheets or physical records, assign a designated custodian and keep files current. Digitize your physical employee records when possible to simplify storage. Follow a clear records retention schedule to keep files accurate and manageable. Good record storage helps […]
