Description
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.
Date: 2022-04-20 Start Time: End Time:
Learning Objectives
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
AIPB ,CPP/FPC ,CLE (Please check the Detailed Credit Information page for states that have already been approved) ,HR Certification Institute ,SHRM ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.
Debbie Cash, CPP-G&A Partners
