SF487 mandates employer recordkeeping and auditing for unemployment insurance compliance.

SF487 amends Iowa Code to require employers to maintain accurate work records for three years post-payment or due date. The bill mandates the Department of Workforce Development to conduct field audits of employers, examining records like W-2 forms, tax returns, and business licenses. It establishes procedures for preaudit interviews and employer contests. The bill applies to audits conducted by the department starting from its effective date.

SF487 mandates employer recordkeeping and auditing for unemployment insurance compliance.

SF487 amends Iowa Code to require employers to maintain accurate work records for three years post-payment or due date. The bill mandates the Department of Workforce Development to conduct field audits of employers, examining records like W-2 forms, tax returns, and business licenses. It establishes procedures for preaudit interviews and employer contests. The bill applies to audits conducted by the department starting from its effective date.