Yes you should keep some very good detailed records of all of your business operations.
Go to the IRS gov web site at at top choose BUSINESSES
You can click on the related links
The IRS requires employers to keep all records of employment taxes for at least four years after filing the 4th quarter for the year. After four years, the records can be destroyed.
Communication data, tax records, employment records, product records, transaction history
30 Years
Since taxes are a very complicated thing, one must keep all records and receipts if they plan to deduct them on their taxes. These are kept as a record so that if a person is audited, then the person has proof of what they are trying to deduct.
You should keep the records for a minimum of 5 years.
Yes they do in order for the government to keep tax records and such
Employment agencies have to keep track of the applicants that meet them and records of clients. In order to do this, "Bullhorn" is a recommended software to do so.
Yes they are required to copies of taxpayer records that they have filed in the past years.
You should keep records of your income tax to prove you did it correctly if questioned later.
Taxes- Keep good records and pay what you are supposed to. if other, specify.
How long to keep recordsYou must keep your records as long as they may be needed for the administration of any provision of the Internal Revenue Code. Generally, this means you must keep records that support an item of income or deduction on a return until the period of limitations for that return runs out.Employment taxes. If you have employees, you must keep all employment tax records for at least 4 years after the date the tax becomes due or is paid, whichever is later. For more information about recordkeeping for employment taxes, see Publication 15. Assets. Keep records relating to property until the period of limitations expires for the year in which you dispose of the property in a taxable disposition. You must keep these records to figure any depreciation, amortization, or depletion deduction, and to figure your basis for computing gain or loss when you sell or otherwise dispose of the property. Generally, if you received property in a nontaxable exchange, your basis in that property is the same as the basis of the property you gave up, increased by any money you paid. You must keep the records on the old property, as well as on the new property, until the period of limitations expires for the year in which you dispose of the new property in a taxable disposition.Records for nontax purposes. When your records are no longer needed for tax purposes, do not discard them until you check to see if you have to keep them longer for other purposes. For example, your insurance company or creditors may require you to keep them longer than the IRS does.Go to the IRS gov web site and use the search box for PUBLICATION 583Click on the below Related Link
employer keep payroll records maxium 1 year .