Description

All businesses have payroll in common. Along with processing payroll, many different payroll records are required. Each record type has different requirements for how long they must be retained.

Payroll departments receive and submit hundreds of thousands of bits of data every year. These include employee master file data such as name and social security number, forms such as Form W-4, reports to the IRS such as Form 941, state unemployment insurance quarterly returns, employee termination dates, and even child support withholding orders.

In this webinar, speaker Dayna Reum will review record retention requirements by the agency. 

Special record retention concerns, such as handling records during a merger or acquisition, will be reviewed. Legislative updates and common errors employers make that can cost your company money regarding record retention policies will be reviewed.

Learning Objectives:-

• Discuss record retention requirements by agency, IRS, DOL, etc.
• Review record retention policies & procedures & the cost of a poor policy.
• Explain how to handle and be prepared for audits.
• Elaborate on Form I-9 Record retention concerns.
• Analyze Sarbanes-Oxley, Mergers & Acquisitions, and how they affect your record policy.

Areas Covered in the Session:-

• Record retention requirements by agency, IRS, DOL, etc.
• Record retention policies & procedures & the cost of a poor policy.
• How to be prepared for audits and handle them. 
• Form I-9 Record retention concerns.
• Sarbanes-Oxley, Mergers & Acquisitions, and how they affect your record policy.

Who Will Benefit:-

• Payroll Professionals
• HR Professionals
• Finance Professionals
• Compliance Officers
• Internal Auditors
• Business Owners
• Controllers
• Legal and Risk Management Teams
• Record Retention Specialists
• Operations Managers.