
Moving from “solopreneur” to “business owner with employees” brings challenges. Do you know how to manage payroll and its associated paperwork?
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The U.S. Department of Labor requires you to keep records of the following information about each employee as long as he or she works for you.
You’re required to keep at least THREE years of payroll records, collective bargaining agreements, sales and purchase records. You must keep time cards, wage rate tables, work and time schedules for TWO years.
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