Retaining Payroll Records

The federal government has certain requirements related to how and where you keep your payroll records. According to those requirements, you must:

The law doesn't specify what form your records should take. Whatever method you use is sufficient if the records establish the information or data required by law. You may choose to keep the records on computer, paper, or even microfiche or microfilm. However, if you keep records on microfiche or microfilm, you must have the equipment available to read them, should Wage and Hour Division auditors drop in. Be sure you have a secure, off-site, backup of information kept on a computer.