[OSSSA218] Fwd: [Payrolltax-News] PayrollTax News LISTSERV August 2010

[Karen PARK]

FYI

Karen Park

Oregon State Social Security Coordinator
Oregon PERS
503 603-7633
karen.park at state.or.us

SL2

Please note my office hours are Monday thru Thursday 6 am to 4:30 pm


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>>> TAVARES Cathleen M <cathleen.m.tavares at dor.state.or.us> 8/13/2010 10:34 AM >>>

PayrollTax News LISTSERV
August 2010.
 
Please share this information with anyone who would benefit from it
 
 
Important Update:
 
1.    iWire  (Electronically filing W2’s and 1099’s) :
 
Effective for calendar year 2010, businesses with 50 or more employees and all payroll service providers are required to report W-2 information electronically.  

Starting with calendar year 2011, businesses with 250 or more of any one type of information return (1099-Misc, 1099-R, 1099-G, W2-G) are required to report return information electronically.  

For more information, please visit the iWire website at http://www.oregon.gov/DOR/BUS/iwire-income-wage-information-return-eservices.shtml. 

You can also contact us directly by e-mailing us at iWire.DOR at state.or.us or by calling the new iWire Technical Support Line at 503-945-8127.  
 
II. Reminders:  
  
A.    Withholding on Deferred Compensation Distributions:
If sending in a withholding deposit on your payroll withholding account for a deferred compensation distribution, you must be sure to include this amount with your normal payroll withholding when completing form OQ for that quarter.  
 For example, if your payroll withholding for the quarter was $4500.00, and you sent in a deferred compensation withholding payment of $142.50, you must report total withholding of $4642.50 on Column B, line 5, “tax due” for that quarter.
However, if you are going to be making periodic distributions, you need to obtain a new BIN separate from your payroll account by completing the “Registration Report—Withholding on IRAs, Annuities, and Compensation Plans” located at http://www.oregon.gov/DOR/BUS/forms-payroll.shtml
 
III. Education/Events:
   
    Oregon Small Business Forum
    Date: Tuesday, August 24th 2010.
    Time: 8:00am-12:00pm
    Location: 
    Oregon Association of Minority Entrepreneurs
    4134 N. Vancouver Portland OR 
This forum will be covering “Small Business Financing” with many great speakers including speakers from Albina Community Bank, Credit Union Association of America, Omni Business Solutions and Corporate Credit Builders. 
RSVP for this free event by calling 503 326-5240 or 503 326-3441 


    The 17th Annual Oregon Small Business Fair
    Date: Saturday, September 11th 2010
    Time: 8:30am-4:30pm
    Location: 
    Oregon Convention Center
    777 NE Martin Luther King Jr. Blvd.
    Portland OR 

This is a free event for small business owners and those thinking about starting a business to obtain free counseling and information on many business topics.  Informational booths and free workshops cover such topics as marketing, business licenses, tax obligations, and business planning.  


Additional information on workshops and speakers can be found at www.oregonbizfair.org , or at http://www.portlandonline.com/smallbusinessfair
 
 
 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 at 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 at state.or.us
503-945-8762
 
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