Oregon Payroll Laws and Payroll Rates for 2011

 

Employers in Oregon are required to follow Oregon payroll laws and regulations even when using an Oregon payroll service or accountant. 

Our Payroll Software calculates Oregon payroll taxes and gives employers everything they need to prepare Oregon payroll. A FREE payroll software trial can be downloaded from the link below.
 

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Oregon Payroll Laws- 2011 tax rates:
Employment: New employer rate: 3.3%
Wage base rate: $32,300
Workers Benefit Fund: No change in rate: 2.8 cents per hour
Transit taxes:
TriMet: 0.006918
Lane: 0.0067 

 

Oregon Payroll Laws- Electronic W-2 and W-2 Filing 

Effective for calendar year 2010, businesses with 50 or more employees and all payroll service providers are required to report W-2 information electronically. The transmittal due date is March 31, 2011. Only Form W-2 are filed electronically; paper W-2s or other forms of media are not accepted. Note: Although employers are not required to submit paper copies of W2 information, it is important to keep copies in case you are requested to do so at a later date. 

Oregon employers can use our W2 Software to print and eFile Oregon and SSA W2 Forms. To learn more you can visit our W2 Software page. 

Oregon Payroll Laws-Outsourcing Payroll:
 

When outsourcing payroll, whether using a Oregon payroll service provider or Oregon bookkeeping firm, it is important to be aware of the following: 

A. The employer is ultimately responsible for correctly reporting and paying state and federal payroll taxes, even if the third party is making the deposits. Be sure that your payroll provider has up to date information to correctly file and pay all payroll tax obligations. Even if the third party payroll provider fails to correctly report and pay all payroll tax obligations, the employer is still held liable for any penalties and interest that is assessed. 

B. Periodically review your account to make sure everything is current and up to date. Contact the different tax agencies if needed to verify that your account is current. 

C. If there are issues on the account, correspondence is always sent to the employer address on record. Make sure that you report any address changes so that you are kept informed of any tax matters involving your business.

1099 Misc Rules | 2010 1099 Misc Instructions | 1099-Misc Rules For 2010

  

Meet 1099 MISC RULES by using our 1099 MISC Software. Use our software to file, print, email, eFile and issue 1099-MISC forms. See for yourself by downloading FREE 1099 Software trail from the link below.

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Below are the 1099 MISC Rules:

The 1099 MISC Rules state that you need to issue Form 1099-MISC to each person you have paid during the year: At least $10 in royalties or broker payments in lieu of dividends or tax-exempt interest; At least $600 in rents, services (including parts and materials), prizes and awards, other income payments, medical and health care payments, crop insurance proceeds, cash payments for fish (or other aquatic life) you purchase from anyone engaged in the trade or business of catching fish, or, generally, the cash paid from a notional principal contract to an individual, partnership, or estate; Any fishing boat proceeds; or Gross proceeds to an attorney.

The 2010 1099 MISC Rules also list the types of payments to include in each box of the 1099 Misc form:

1099 MISC Box 1. Rents
1099 MISCBox 2. Royalties
1099 MISCBox 3. Other Income
1099 MISCBox 4. Federal Income Payroll Tax Withheld
1099 MISCBox 5. Fishing Boat Proceeds
1099 MISCBox 6. Medical and Health Care Payments (refer to 1099 MISC Rules available from IRS.GOV)
1099 MISCBox 7. Nonemployee Compensation
1099 MISCBox 8. Substitute Payments in Lieu of Dividends or Interest
1099 MISCBox 9. Payer Made Direct Sales of $5,000 or More
1099 MISCBox 10. Crop Insurance Proceeds
1099 MISCBox 13. Excess Golden Parachute Payments
1099 MISCBox 14. Gross Proceeds Paid to an Attorney
1099 MISCBox 15a. Section 409A Deferrals (refer to 1099 MISC Rules for 2010 available from IRS.GOV)
1099 MISCBox 15b. Section 409A Income
1099 MISCBoxes 16 through 18. State Information

The 2010 1099 MISC Rules also state that you need to issue Copy B of form 1099 MISC  to the recipient by January 31, 2011. File 1099 MISC A Form, as well as Form 1096 with the IRS by February 28, 2011. 1099 Misc A and 1096 (Annual Summary and Transmittal) Forms are required to be an official red ink scannable form if submitting paper forms by mail. If you file electronically, the 1099 rules state that the due date is extended to March 31, 2011. Electronically file 2010 1099 Misc forms using W2 Mate. W2 Mate is 1099 software that generates a file according to the specifications in IRS Pub. 1220.

1099 MISC Rules for mailing 2010 1099 MISC :

Mail IRS 2010 1099 MISC form by the 1099 due date to: Department of the Treasury Internal Revenue Service Center Austin, TX 73301. If your principal business, office or agency, or legal residence in the case of an individual, is located in Alabama, Arizona, Arkansas, Connecticut, Delaware, Florida, Georgia, Kentucky, Louisiana, Maine, Massachusetts, Mississippi, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, Texas, Vermont, Virginia, West Virginia

Mail 2010 1099-MISC to: Department of the Treasury
Internal Revenue Service Center
Kansas City, MO 64999

If your principal business, office or agency, or legal residence in the case of an individual, is located in (Alaska, California, Colorado, District of Columbia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Maryland, Michigan, Minnesota, Missouri, Montana, Nebraska, Nevada, North Dakota, Oklahoma, Oregon, South Carolina, South Dakota, Tennessee, Utah, Washington, Wisconsin, Wyoming.

Comply with IRS 1099 MISC rules and regulation when you use our 1099 program. Find more information about our software online at our 1099 software page or evaluate our 1099 filing software for yourself by clicking the FREE 1099 SOFTWARE DOWNLOAD button below.

1099 Software FREE Download

 

How to Payroll | How to Payroll Taxes

 

How to Payroll? How to Payroll Taxes?  Two common questions asked by many US small businesses nationwide every day. We try in this post to show you step by step how to payroll and how to payroll taxes. Please feel free to download a free demo of our payroll software and see how easy it’s to do payroll yourself.

Go here to download payroll software free demo

The first step even before generating payroll is to research payroll software to ensure you are completely satisfied with your program. A few features to be mindful of when choosing payroll software are automatic calculations, customizable income, tax and deduction categories, support for tax forms and payroll tax reports, technical support and cost of the program.

Once you have purchase software for payroll you will collect data relating to your company and employees. Business address, Employers Identification Number and State Unemployment Account Number are items that will be entered when setting up the company in the new company wizard. Employee’s address, social security number, filing status, number of exemptions, and type of income and pay frequency will be entered in the employee set-up wizard. Social security number, filing status and number of exemptions is the type of information employers can find on Form W-4.

Generate paychecks by entering the number of hours worked in the check details screen for each employee. Once all checks have been created in the system you will print paychecks and paystubs for your employees. Bring a check into view click print selected check, this allows the user to print a single check with a paystub. To print multiple checks at one time users will pull a check printing report and select which employees to print paychecks for.

Easily prepare federal forms to submit to the IRS. Use small business payroll software to automatically populate Form 941, 940, 944, W2 and W3 with payroll income tax information. Simply choose a form from the forms screen in Payroll Mate, enter data if applicable (boxes outlined in red may require data entry) and print.

Quarterly forms such as Form 941 are submitted to the IRS, due the end of the following month after the preceding quarter ends. Annual forms such as Form 940 are submitted to the IRS, due by January 31st of the following year. Form W2 must be issued to employees no later than January 31st of the following year and submitted to the Social Security Administration by February 28th of the following year. For example the tax year 2010 annual forms are due January 31, 2011.

See how simple do it yourself payroll can be by downloading a free 30 day evaluation from our software download page: FREE Payroll Software Download

FREE Payroll Book

 

The FREE Payroll Book is our FREE gift to our customers and small businesses everywhere. The FREE Payroll Book is designed to help introduce business owners to the main concepts in payroll and payroll preparation.

 

Download FREE Book about payroll, payroll taxes and payroll processing.

 

Book Table of contents

Part one

About Real Business Solutions

Introduction and History of Payroll and Payroll Taxes

Terminology

Methods of Payroll Preparation

Payroll Processing Steps

Why Buy Payroll Software and Prepare Payroll in House?

How to Choose the Right in House Payroll Preparation Software

Part Two

If You are Responsible for Running Payroll for Your Entity What Do You Need To Do?

You Have a New Employee What Now?

Minimum Wage Requirements

Employees Time Tracking

Time to Prepare Payroll

Direct Deposit

Year End Payroll Requirement

Payroll Preparation – Good Habits For In House Software Users

Helpful Websites

Download FREE Payroll Book NOW

How to 1099 | How to 1099 a Contractor | How to 1099 an Employee

Lear how to 1099 someone including how to 1099 a contractor and how to 1099 an employee using our 1099 software, simply enter data and print 1099 forms. Try the 1099 program for yourself by downloading free 1099 software evaluation.

Payers will gather all their records concerning 1099 recipients. With this data available payers can start the process of issuing 1099 Misc forms. W2 Mate, our 1099 software, offers the user the ability create, file, report, print and email 1099 forms.

Purchase W2 Mate and easily enter company, recipient and 1099 data.

In general file Form 1099 –Misc for each person you have made payments to that are:

A. At least $10 in royalties or broker payments in lieu of dividends or tax-exempt interest

B. Fishing boat proceeds or gross proceeds paid to an attorney

C. At least $600 in rent, services, prizes and awards, other income payments, medical, and health care payments, crop insurance proceeds, cash payments for fish (or other aquatic life) you purchase from anyone engaged in the trade or business of catching fish, or, generally, the cash paid from a notional principal contract to an individual, partnership, or estate 1099 Misc forms include copies for the IRS, recipient and payer.

Copy A- submit to the IRS
Copy B- issue to recipient
Copy C- payer copy
Copy 1- submit to state department
Copy 2- issue to recipient to be filed with their state tax return if required
1096 Form Annual Summary and Transmittal to be submitted to the IRS with 1099 Misc A Forms

1099 software provides the user the ability to enter an unlimited number of companies and/ or contractors. Simply fill in company data including employer identification number, name and address. Just as easily fill in contractor information including social security number, name and address.

Before printing 1099 forms values must be entered on the 1099 form. In W2 Mate the user will bring up the 1099 form and enter values in the corresponding boxes for each of their contractors. Once each 1099 contractor’s form has been completed and saved you are ready to print Form 1099 –Misc for contractors.

1. Click print on Form 1099 screen.
2. Select the recipient’s form/s to be printed.
3. Select print a payer/ recipient copy. From the drop down arrow select the copy to be printed.
4. Print 1099 Misc A and 1096 Forms to preprinted red ink 1099 laser forms. The Internal Revenue Service requires preprinted 1099 Misc A and 1096 red ink laser forms in order to be scanned.

The IRS requires payers to issue 1099 Misc forms to their contractors no later than January 31st. Submit 1099 Misc A and 1096 to the IRS no later than February 28th if filing paper copies and March 31st if filing electronically.

Find an abundant amount of information on our 1099  page. Use our 1099 software to create, file, report, print and email 1099 forms including Misc, Int, Div and R. Try W2 Mate for yourself by downloading a free 1099 software trial.

 

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