The Oregon Secretary of State Corporation Division has revised its Employer’s Guide, which contains basic information and a general checklist to guide businesses/employers through the process of hiring, paying, reporting on, and withholding taxes from employees.
There are several revisions and clarifications to this publication of which filers should be aware:
- Employers are now required to obtain employees’ State Tax ID Numbers (if applicable)
- Employers and payers must start withholding Statewide Transit Tax from employees effective July 1, 2018.
- The Oregon Payroll Reporting System (OPRS) will soon be available (OPRS.Oregon.gov). This secure web-based application will allow businesses to file their combined payroll taxes online
- Businesses are required to file Forms 1099-MISC, 1099-G, 1099-R and W-2G electronically.
- An employer will be charged an additional 25-percent penalty if DOR determines and assesses the tax that should have been reported by the due date.
- The Oregon Retirement Savings Program, also known as OregonSaves, launched in July 2017. Every employer with employees in Oregon is required to either facilitate OregonSaves for its employees or to certify its exemption from the program if it already offers an employer-sponsored retirement plan. The deadlines for employers to register or claim exemption are as follows:
- An employer employing 100 or more employees: November 15, 2017
- An employer employing 50 to 99 employees: May 15, 2018
- An employer employing 20 to 49 employees: December 15, 2018
About the Author
Tom Hospod is a member of the Tax Research Team for the Direct Tax division at Sovos Compliance, where his main areas of focus are Tax Withholding and Automatic Exchange of Information (AEOI). Prior to Sovos, Tom worked as a legislative aide in the Massachusetts House of Representatives. He also has experience in securities law—focusing on broker-dealer disputes and representing clients in FINRA arbitration. Tom is a member of the Massachusetts Bar, earned his B.A. from Boston College and his J.D. from the University of Miami.More Content by Tom Hospod