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.
In some cases, you may need to hang onto your records longer than three years. For instance, you should plan on keeping tax forms for retirement accounts such as IRAs until seven years after the account is completely wiped out. If you file a claim for a loss of worthless securities or bad debt deduction, you must keep records for seven years. Additionally, if you amortize, depreciate, or buy or sell property, you should keep property records until the statute of limitations expires for the year in which you dispose of the property.