Taxes and Accounting

Maintaining payroll tax records

As an employer, you are required to report and pay your payroll taxes in a timely manner to the appropriate tax agencies.

Published: March 09, 2017

As an employer, you need to maintain your business’s payroll tax records. Staying current with your tax responsibilities can help you avoid interest and penalties. Here’s a look at some of the information to keep in your payroll records:

  • Employee information, such as name and address

  • Compensation totals and dates, including taxable wages

  • Necessary forms (W-4, W-2, and so on)

  • Business tax deposits and payroll tax returns

This Wells Fargo Works for Small Business® guide will help you ensure you have all the necessary payroll information in your records. Click the Download button below to learn more.