| Greetings!
It's the holiday season already. (It seems like it was just here). And with the holidays comes year end.
First, I want to wish all of your a Happy Holiday Season and a Great New Year. It has been my pleasure to work with many of you this past year and I look forward to many more years of a continued relationship.
Below, I have included some things you need to know about the approaching year end. Read on...... |
| Payroll Rate Changes
By now, for those of you who have employee's, you should have received a letter from the state with your new Unemployment rates for 2008.
If you are using a payroll service (Intuit's or any other) you need to make sure and send them a copy.
For those of you who process your own payroll, you will need to update the tax rate in your program AFTER your last December payroll but BEFORE your first January payroll.
In QuickBooks, go to List - Payroll Items List. Scroll to the bottom and find either OR Unemployment or WA Unemployment. Double-click on the item and on the 3rd screen, change the rate for all four (4) quarters. Remember, QuickBooks wants a percentage NOT a multiplier. (If your rate is .023 you would enter it as 2.3%).
The rate for the Oregon WBF Assessment has NOT changed and will continue at the current rate of 0.028 (.014 for employee & company). |
| Year End Help
Need help or want a review of your books this year end? Schedule an appointment now and someone will come review your books and make sure everything is ready for the accountant. Just call 503-238-4747 to schedule your appointment.
In past years I have written out all the instructions for having a successful year end. This year, Intuit has created a well-written document for year end.
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