If you are an employer in Multnomah County, Oregon, it is important to be aware of the local payroll tax requirements for businesses operating in the city. These requirements may include registering your business with the city and withholding a certain percentage of your employees' wages for local taxes.
How to Register for Payroll Tax in Multnomah County
Multnomah County, Oregon Local Personal Income Tax Setup for
LLP, LLC, Corporation
Employers must withhold the Preschool For All (PFA) Personal Income Tax through payroll deductions for all employees that work in Multnomah County and earn $150,000 or more annually. The tax also applies to joint filers who earn $200,000 or more annually. Employers should automatically withhold for employees making over $200,000 per year.
Register Your Business
Visit Portland Revenue Online (PRO), and click "Register My Business" to register your business for the PFA tax.
Business taxes are necessary for running a business, but sometimes, the rules can feel stacked against you. Double taxation is a particularly frustrating concept: Your company works hard to turn a profit, pays its share of taxes, and then faces another tax bill on those same earnings.
It’s enough to give any business owner, particularly those heading smaller or multi-state operations within the US, a major headache.
However, double taxation isn’t an unbeatable foe.
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Nearly 25 percent of the current workforce lives and works with some type of disability.
Alex Kehayias |May 24, 2024
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