The payments you make to your employees, such as salaries, wages, and deductions, are documented in your payroll records. By checking your payroll records, you can ensure that all payments and deductions have been appropriately documented and that you comply with all tax requirements.

To review your payroll records, follow these steps:

• Generate a payroll report that shows all payments and deductions.
• Ensure all employee information is up-to-date, including their contact information and tax withholding forms.
• Review tax obligations, including federal and state payroll taxes, and ensure they’re paid on time.
• Reconcile any discrepancies between your accounting records and payroll reports.