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How Long Do I Have To Keep Employee Time Cards
How Long Do I Have To Keep Employee Time Cards -
Federal rules According to the federal law an employer must have timesheets that record the number of hours an employee works When recording hours
How Long Should Records Be Retained Each employer shall preserve for at least three years payroll records collective bargaining agreements sales and purchase records
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Keep payroll records for at least three years Certain states like New York and certain laws like the Employee Retirement Income Security Act mandate a longer retention period Prioritize digital storage
While it is a best practice to track employees time to the minute worked the federal Fair Labor Standards Act FLSA permits employers to round employees hours
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All employers should keep payroll records for three years and obtain time card records for at least two years This time frame is required by the Fair Labor
The amount of time you re required to keep records varies based on law but if you hold onto them for at least four years you re typically in the clear Some states and laws require you to keep records
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According to the Internal Revenue Service IRS an employer must retain payroll records relating to payroll taxes a minimum of four years from the time the taxes are due or from the date on which you
How Long Should Records Be Retained Each employer shall preserve for at least three years payroll records collective bargaining agreements sales and purchase records
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