Avoid Liabilities: Payroll Record Retention – What You Must Know?
Speaker: Debbie Cash, CPP
Speaker Designation: Manager TLM Implementation, G&A Partners
Speaker: Debbie Cash, CPP
Speaker Designation: Manager TLM Implementation, G&A Partners
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 for 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.
Payroll departments receive and submit hundreds of thousands of bits of data every year. Employee master file data such as name and social security number, forms such as Form W-4, report to the IRS such as Form 941, state unemployment insurance quarterly returns, employee termination dates, and even child support withholding orders.
A critical question that every payroll professional must ask and more importantly answer is “What am I required to keep, in what format, and for how long”?
That is what this course will discuss.
It will give you guidance on how long each type of record must be retained according to IRS and State guidelines.
Attend the webinar to Learn strategies for avoiding wage and hour violations through effective time and recordkeeping policies.
The time payroll records must be retained will depend on government requirements. The Internal Revenue Service typically states a required retention period in each document it issues dealing with payroll issues. In general, wage calculations should be retained for two years, while collective bargaining agreements should be retained for three years.
Major topics covered:
• Types of Payroll Documents
• Retention of Documents
• Specific State Laws
• You will be able to discuss requirements for each type of payroll record and how long they must be kept.
• You will be able to explain different State requirements for record retention.
• You will be able to identify the types of payroll records that must be retained.
• You will be able to recognize resources for more information and guidelines by specific states with different requirements.
This webinar will be beneficial for:
• CPAs
• Payroll Professionals
• Accountants
• Controllers
• Business Managers, Office Managers
• Presidents, Vice Presidents
• Business owners, Managers, Investors
• CFOs, Finance Directors
• Bookkeepers and Attorneys
• Tax Preparers, Tax Professionals
• Human Resource and Benefit Professionals
Debbie Cash, CPP is a Manager of TLM Implementation at G&A Partners. G&A Partners is a Professional Employer Organization (PEO) that offers payroll, human resources, benefits management, risk management, and accounting services for businesses. G&A Partners acquired Employer Advantage LLC (PEO) in February 2022. Debbie began working for the organization in 2006 as a Payroll Tax Specialist and Time and Attendance Specialist. She was promoted to Time/Labor Manager in 2021.
Debbie earned an associate's Degree in Accounting from MSSU in 1985 and a bachelor's Degree in General Business from MSSU in 2006. She obtained her Certified Payroll Professional Certification in October 2006. She has 30+ years of experience processing payroll and payroll taxes for various different companies and professions.
Debbie worked as a Payroll Specialist at Missouri Southern State University from 1993 to March 2006. She attended the International Tax Conference in Wisconsin in 2005 and specialized in International Tax for Student Visa. She also worked for Joplin R-8 School District processing payroll from 1990 to 1993.
