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 How long should I maintain my tax
records?
We’re frequently asked "how long should we be keeping all
of these financial records?" We recommend that you keep:
a. Tax returns and supporting documents - permanently
b. Financial statements and bank statements – 5 years
c. Invoices for products and services – 4 years
All PMC clients receive a comprehensive client
guidelines handbook. This handy reference includes specifics
on maintaining financial, billing & collections, and
personnel records, as well as recommendations for personnel
policies, tax, payroll and benefit forms, and workplace
notices.
What forms are necessary when I
hire new employees? Where can I get them?
In addition to the
US W-4 form required for employee
identification of taxes and exemptions, all employers must
complete and maintain a
US I-9 form for each employee.
California Employers are required to complete and submit
Form DE-34 to report new employees to the State Economic
Development Department. These are only a few of the many
forms and informational items that must be provided to new
employees. PMC Clients receive a comprehensive checklist of
all necessary forms to help you comply with State and
Federal requirements.
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