[Revenews] Payroltax News LISTSERV: July 2010

[TAVARES Cathleen M]

PayrollTax News LISTSERV
July 2010 
Please share this information with anyone who might benefit from it.


I. Reporting Business Changes:

 

A. It is very Important to submit a Change in Status Report
<http://www.oregon.gov/dor/business/docs/211-057.pdf>  when you: 

*	Need to update withholding, unemployment, and transit tax
information on an existing BIN; 
*	No longer have employees; 
*	Stop or start working in a transit area; 
*	Need to update addresses and phone numbers; and/or 
*	Need to update owner/officer information. 

This can also be used to advise the Department of the sale or transfer
of a business or to provide updated information regarding payroll
service providers and/or accountants and CPA's.


Note: Failure to update address and/or contact information can result in
the failure to receive correct reporting forms and other important
payroll tax information.  

 

B. Changing your business structure:


If you plan to change your business structure, or purchase all or part
of the assets of an existing business, you must  complete the Change in
Status Report <http://www.oregon.gov/dor/business/docs/211-057.pdf>
and/or a new Combined Employer's Registration.
<http://www.oregon.gov/dor/business/docs/211-055.pdf>  

Examples of business structure changes that require a new registration
include: 

*	Changing from a sole proprietor to a partnership or corporation.

*	Changing from a partnership to a sole proprietor. 
*	Adding or removing a spouse as a liable owner. 
*	Changing from any business structure type to a Limited Liability
Corporation (LLC).

***BIN numbers are NOT transferrable. If you purchase an existing
business, you need to submit the "Combined Employers Registration" to
determine if you need to obtain a new BIN. 


To report changes in status that affect your workers' compensation
insurance and Workers' Benefit Fund assessment (WBF), call the
Department of Consumer and Business Services (DCBS) in Salem at
503-378-2372. 

 

II. Education: 

 

Be watching for future workshops coming soon. 

Mark your Calendar!!!  Learn from Small Business experts and government
agencies on how to make your business a success, especially in today's
economy. Each event will have workshops and experts providing much
needed information and resources. These events and the workshops are
FREE.   

 

Oregon Small Business Fair:

Saturday, Sept.11, 2010

8:30-4:30

Oregon Convention Center.

777 NE Martin Luther King Jr. Blvd. 
Portland OR 

(Event and workshop information can be downloaded at
http://egov.oregon.gov/DCBS/SBO/docs/3202_5_10.pdf )

 

Rogue Valley Small Business Fair

Saturday, Oct. 2nd, 2010

9:00-2:00

RCC/SOU

Higher Education Center

101 Bartlett St.
Medford OR 

(Event and workshop information can be downloaded at
http://egov.oregon.gov/DCBS/SBO/docs/3528_6_10.pdf) 

 



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Cathy Tavares
Oregon Dept of Revenue
Cathleen.M.Tavares at state.or.us
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