How Long Do You Have To Keep Payroll Records?
Payroll records help you stay organized, but how long do you have to keep them for? While there are a few payroll records you can offload at the two-year mark—including records that pertain to pay grade increases, timecards, schedules and wage rate tables—you will need to keep the majority of your payroll records on hand for at least three years. As the years pass and you hire more hourly employees, those payroll records can quickly become a lot to keep track of.…