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 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 and/or a new Combined Employer's Registration.

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)

 

The Payrolltax-News e-mail list provides employers with complete and up-to-date payroll tax information. Employers can self-subscribe here. Representatives in the Business Division will send information to employers through this list. Employers can request additional information by e-mailing payroll.help.dor@state.or.us.
 
As a standard practice, e-mail sent from the department will be in text form only. Department of Revenue will not open attachments.
 
Questions about list content and subscription problems should be directed to the list owner:  
 
Cathy Tavares
Oregon Dept of Revenue
Cathleen.M.Tavares@state.or.us
503-945-8762