Payroll News LISTSERV:

Part 2

 

Additional information and Clarification:

 

Schedule B detail:

 

Employers are generally required to make their payroll deposits at the same frequency as the federal. Payroll withholding deposits are required to be made at the time a payroll is issued. For semi weekly depositors, the deposits are made based on the federal due dates:

1. If the payroll date falls on Wednesday, Thursday or Friday, the deposit is made by the following Wednesday.
2. If the payroll date is Saturday, Sunday, Monday or Tuesday, it is made the following Friday.

 

The Schedule B detail reflects the date of the actual payroll and the amount of withholding from employees paychecks at that time. Since the total amount that was withheld from the employees should be deposited by the due date, the deposit should match the Schedule B detail. 

 

In addition, it is important not to combine deposits or make a partial deposit for a pay period and attach the balance on a different deposit later on. It is also important to indicate what was actually withheld from your employees on the Schedule B for that pay period, since it needs to match the deposit. 

 

Hopefully this clarifies the earlier LISTSERV information sent January 26th.

 

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Cathy Tavares
Oregon Department of Revenue
cathleen.m.tavares@state.or.us
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