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Sponsored by Lorman Education
Product ID: 409854EAU
Credit & Course Provided by:

Avoid Liabilities: Payroll Record Retention

OnDemand Webinar (64 minutes)

Learn strategies for avoiding wage and hour violations through effective time and recordkeeping policies.Payroll is one thing that all businesses have in common. Along with processing payroll come many different payroll records required to process the payroll. Each type of record has different requirements of how long you must retain those records. This topic will give you guidance on how long each type of record must be retained according to IRS and State guidelines.


Debbie Cash, CPP, G&A Partners


Types of Payroll Documents

• 941 and 940 Tax Forms

• W-2s - Original and Undeliverable W-2s

• Timesheets and Piecework

• Schedules

• Records for Additions/Deductions From Wages

• Wage Tables, Collective Bargaining Agreements

• State and Local Taxes

Retention of Documents

• All IRS Tax Returns and W-2s

• Time Records

• Payroll Records, Collective Bargaining Agreements, Sales/Purchasing Records

• State and Local Tax Returns

Specific State Laws

• New York

• California

• Illinois

• Washington