how long should an employer keep payroll records
You might have other payroll records you are required to keep, like travel vouchers for employee reimbursements. Keep payroll records for a certain time period to avoid penalties. For example, if you are audited or accused of discrimination, you need to have records. How long to keep payroll records? You must keep all payroll records for at least three years, according to the Fair Labor Standards Act (FLSA). And, you need to keep records that show how you determined wages for two years (e.g., time cards that comply with FLSA timekeeping requirements). Maintain records of employment taxes for at least four years after filing the fourth quarter for the year, according to the IRS. These records include documents like an employeeâs Form W-4, personal information, and dates of employment. Storing payroll records. You can store payroll records via paper or online files.