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.
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.