[Revenews] Payrolltax News LISTSERV

[TAVARES Cathleen M]

Payrolltax News LISTSERV.
November 2008

          Welcome to all new members!!!  Please share this information
with anyone who would benefit from it. 


 
I.   Important: Your responsibility to pay state withholding tax:

We understand that the economy may create new challenges for businesses.
We want to remind all employers to send employees' personal income tax
withholding payments on time to the Oregon Department of Revenue.

Under Oregon law, business owners can be held personally responsible for
paying withholding tax, no matter what type of business you own.  If you
get a past due notice from us, call the number on the notice
immediately.

If you haven't made a required withholding deposit during the current
quarter, please call 503-945-8091 for assistance. 

For more information, visit www.oregon.gov/DOR/BUS/
<http://www.oregon.gov/DOR/BUS/>  and click "Payroll Tax Basics."


Elizabeth Harchenko, Director, Oregon Department of Revenue

 

II. Tax Updates:

1.       Withholding Tax Tables: At this time, there are no changes to
the Withholding Tax Tables. You can still use the tax tables from 2007
that are located on our website @
http://www.oregon.gov/DOR/BUS/index.shtml
<http://www.oregon.gov/DOR/BUS/index.shtml> 

2.       The new transit rates are:  TriMet for 2009=0.006718
                                                Lane Transit for
2009=$0.0065 

3.       Employment Tax rates for new employers: New Employer rate=2.4% 
 
Wage Base: =$31300.00

4.       2009 Workers' Benefit Fund Assessment ("Cents-Per-Hour") Rate:
For calendar year 2009, the Department of Consumer & Business Services
has set the Workers' Benefit Fund assessment rate at 2.8 cents,
unchanged from calendar years 2007 and 2008 


What is the Workers Benefit Fund? 
This fund pays for programs that provide benefits to injured workers and
their beneficiaries, as well as providing money to help employers assist
injured workers return to work.  Employers who fail to provide workers'
compensation coverage required by law are still subject to the Workers
Benefit Fund Assessment.  

The rate of 2.8 cents per hour is paid by both employer and employee,
with 1.4 cents per hour paid by the employer and 1.4 cents deducted from
the employee's wages.  

Each quarter, employers use Forms OQ and OTC (or approved electronic
equivalents) to report and pay the full assessment amount to the state
through Oregon's Combined Payroll Tax Reporting System. 
For more information on the Workers' Benefit Fund assessment contact
503-378-2372; e-mail wbfassess.fabs at state.or.us
<mailto:wbfassess.fabs at state.or.us>  or visit
www.oregon.gov/DCBS/FABS/wbf.shtml
<http://www.oregon.gov/DCBS/FABS/wbf.shtml> 

 

III. Important reminders:

a.       Be sure to update your contact information if you have made
changes within the last year. Important information such as forms and
2009 tax rates are going out shortly and this ensures that you receive
this information timely.  
If you need to make changes simply complete the "Change in Status" form
located  @ http://www.oregon.gov/DOR/BUS/forms-payroll.shtml
<http://www.oregon.gov/DOR/BUS/forms-payroll.shtml>  

b.      Always use your Business Identification Number (BIN) anytime you
make contact with the Department of Revenue. It allows us to locate the
correct tax information quickly and accurately.  We may not be able to
locate your information using your FEIN. 


IV.  Educational Opportunities:

"W4 Information and Reporting Responsibilities" :  
 Weds, December 3rd  10:00-11:30


Small Business Development Center  
1445 SW Willamette St. Rm.   117
Eugene OR.


Contact the office @ (541) 463-5255 for further information.

 

The Payrolltax-News e-mail list provides employers with complete and up
to date payroll tax information. information. Employers can request
additional information by e-mailing payroll.help.dor at state.or.us

Questions about list content and subscription problems should be
directed to the list owner: 

Cathy Tavares
Oregon Department of Revenue
cathleen.m.tavares at state.or.us
503 945-8762 

 

 

 

 

 
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