Before getting payroll in Oregon, there are some key items you need to get together for your growing small business. A key one is your Oregon Unemployment Tax Number, aka your Business Identification Number, aka your BIN. This number is different from your Federal Tax ID, and is required for the state to process your payroll taxes.
This is a registration process with State of Oregon, and will yield a piece of paper and a number you need for payroll. Store this page with must-keep records. It will come up from time to time.
Step One to Get a BIN in Oregon
Step by Step Get a BIN in Oregon
Application to Get a BIN
You can see at the top of the application that there are 13 total pages. The biggest one (by far!) is this first page. Following pages are verifying information to find you, specifically. You will also need to fill in your banking data.
You will need to enter bank data to get a BIN for Oregon
As mentioned above, once you are done, just “Save and Submit”. Within a couple weeks, you will get a letter from the state so you can proceed forward with setting up payroll. If you have questions or comments, let me know in the comments.
Barb is the CEO of Fisher Bookkeeping, an outsourced bookkeeping consultancy that provides small businesses with a full-service financial department. Her favorite aspect of work is to break down the accounting to meaningful bits, so entrepreneurs can make a powerful difference in their own business. She's also a power lifter (squat: 215, DL: 270).
Simplify Your Bookkeeping with QuickBooks Rules: How Outsourced Bookkeepers Can Optimize Efficiency
Demystifying Monthly Closing in Small Business: Why It’s Essential and How Outsourced Bookkeepers Can Help
Comparing QuickBooks and MonkeyPod Software: Which is Right for Your Nonprofit?
What Does a CFO Do for Your Business?