Last modified by Peytience S on 2023/10/30 19:21
From version 1.1
edited by christie w
on 2023/01/12 17:39
Change comment: There is no comment for this version
To version 2.1
edited by christie w
on 2023/02/01 22:15
Change comment: There is no comment for this version

Summary

Details

Page properties
Content
... ... @@ -1,2 +1,26 @@
1 + The new OR STT, effective on all paychecks issued on or after July 1, 2018, is deducted from employee wages at a rate of 0.1% on all Oregon Wages.
1 1  
3 +Payment for the STT tax is made quarterly with a payment voucher and an annual reconciliation report is due each January for the year just ended. Both will be included in the Print & Mail Reports once they have been approved by Oregon for submission.
2 2  
5 +To set up the new Oregon STT deduction in your payroll program:
6 +
7 +*
8 +** Go to Payroll Items and on the left side where you see your employee names click on **"Employee List Settings** " in red at the top of the list.** **
9 +
10 +*
11 +** To the left under **"Deductions"** in red click on the **"NEW"** box.
12 +
13 +*
14 +** From the **"Type**" drop down menu choose **"Training"** ~-~-** Although technically it is not a training tax, choose Training for the Type as it will then show up on the payment voucher and annual reconciliation report for the Oregon STT**
15 +
16 +*
17 +** From the **"Calculation Method"** drop down menu choose **"Percent of Gross"**
18 +
19 +*
20 +** In the rate box below enter** 0.1**
21 +
22 +*
23 +** If you post your payroll to **Quickbooks** choose the **Liability Account **under the **"Accounting Links"** to post the STT tax to
24 +
25 +*
26 +** Click **OK** to create the OR STT deduction