W-4 that every employee needs to fill out.
Draft Federal W-4
January 2020 brings us a new and updated W-4, we will post the final version as soon as
it is released.
Oregon has its very own W-4 that all new employees need to fill out.
employees and employers need to fill out the federal I-9 to verify employment eligibility.
subcontractors should fill out the W-9 to determine if they are required to receive a 1099 at year end.
Determine your entity structure
Are you unsure of the differences in the type of entity that you should form? This may help answer a few questions.
We always suggest that you consult with an attorney or CPA for the best option for your personal situation.
Register your business with the Secretary of State
Oregon has a site dedicated to registering your business. Make sure to read through the directions to fill the
form out that matches the structure that you have determined is best for your situation.
Did you choose to be an S-Corp?
Did you chose an entity that has the option to be taxed as an S-Corp? If so, after you
obtain your EIN (down a few links) you will want to make sure this form is filled out with all of he information of the owners.
There are time frames for this election.
Obtain your EIN
It is a wise choice to obtain an EIN (Employer Identification Number) for all businesses. It's a way to have
a special identification for your business without using your social security number on official forms. All businesses
that have payroll will need an EIN.
Do you need or want to have payroll in your business?
Do you need to process payroll and need a workers compensation insurance policy?
Have you determined if you need payroll? Will you hire employees? Will you pay yourself?
Obtaining my EIN
All employers are required to have a Federal EIN for your business, this number identifies your business on all forms and
returns that are submitted.
All employers are required to have an Oregon BIN for your business, this number identifies your business in Oregon just like
the EIN does federally.
Applying for EFTPS
All employers are required to pay payroll taxes for employees and when paying those taxes, they are primarily paid through
an online portal with the IRS. This link will apply for your EFTPS PIN # that is used to set up the portal.
Do I need to register my business with Oregon Saves?
All employers in Oregon are required to offer a retirement plan to their employees - even if the only employees are you as
an owner. Oregon Saves qualifies as that offering, as well as other employer sponsored plans - talk with your financial
planner about the best options for your business.
Oregon Tax Information
Authorization & POA for Representation
If our office is helping your business process payroll, we will need this form filled out so we will be able to discuss your
matters with the state of Oregon over their online portals.
Federal Tax Information Authorization
If our office is helping our business process payroll, we may need this form filled out so we will be able to discuss your
matters with the IRS on their online portals and offices.
Oregon Revenue Online Portal
Oregon has it's own online portal for payments being made for payroll taxes.
I have employees all set up, now what do I do?
Reporting New Employees
As you hire new employees, you will need to report all new hires to the State of Oregon.
BOLI (Bureau of Labor and Industries) Rules on Paychecks
As you are paying your employees (yourself as an owner possibly included), there are rules for pay periods and paychecks.
Can I pay my employees a salary?
Most employees are subject to the overtime rules, but some are exempt. Take a look to see if your salaried employees
are or are not subject to overtime pay.
Required Employment Posters
All businesses with employees are required to post labor law information. This site is very helpful at explaining what
is required. BOLI offers these posters at a very reasonable rate, no need to subscribe to costly mail service posters.
Posters and Handbooks availablethrough BOLI.
What's this I hear about Oregon Sick Leave Pay?
Oregon has a sick leave policy for all employees. See here if your busines is subject to a paid sick leave policy or
an unpaid sick leave policy.