Payroll Oklahoma, Unique Aspects Of Oklahoma Payroll Law And Practice
The Oklahoma State Agency that oversees the collection and reporting of State income taxes deducted from payroll checks is:
Oklahoma Tax Commission
Withholding Tax Division
2501 Lincoln Blvd
Oklahoma City, OK 73194
(405) 521-3155
wwwoktaxstateokus/oktax/
Oklahoma allows you to use the Federal W-4 form to calculate state income tax withholding
Not all states allow salary reductions made under Section 125 cafeteria plans or 401(k) to be treated in the same manner as the IRS code allows In Oklahoma cafeteria plans are not taxable for income tax calculation; not taxable for unemployment insurance purposes 401(k) plan deferrals are not taxable for income taxes; taxable for unemployment purposes
In Oklahoma supplemental wages are taxed at a 665% flat rate
W-2s are not required in Oklahoma
The Oklahoma State Unemployment Insurance Agency is:
Employment Security Commission
Unemployment Insurance Division
PO Box 52003
Oklahoma City, OK 73152
(405) 667-7138
http://wwwstateokus/~okdol/workcomp/indexhtm
The State of Oklahoma taxable wage base for unemployment purposes is wages up to $14,30000
Oklahoma has optional reporting of quarterly wages on magnetic media
Unemployment records must be retained in Oklahoma for a minimum period of four years This information generally includes: name; social security number; dates of hire, rehire and termination; wages by period; payroll pay periods and pay dates; date and circumstances of termination
The Oklahoma State Agency charged with enforcing the state wage and hour laws is:
Department of Labor
Wage and Hour Division
4001 North Lincoln Blvd
Oklahoma City, OK 73105-5212
(888) 269-5353
wwwstateokus/~okdol/
The minimum wage in Oklahoma is $515 per hour
There is also no general provision in Oklahoma State Law covering paying overtime in a non-FLSA covered employer
Oklahoma State new hire reporting requirements are that every employer must report every new hire and rehire The employer must report the federally required elements of:
- Employee’s name
- date of hire
- state of hire
- Employee’s address
- Employee’s social security number
- Employer’s name
- Employers address
- Employer’s Federal Employer Identification Number (EIN)
This information must be reported within 20 days of the hiring or rehiring
The information can be sent as a W4 or equivalent by mail, fax or electronically
There is no penalty for a late report in Oklahoma
The Oklahoma new hire-reporting agency can be reached at 800-317-3785 or on the web at http://wwwokgov/oesc/
Oklahoma does not allow compulsory direct deposit
Oklahoma requires the following information on an employee’s pay stub:
Oklahoma requires that employee be paid no less often than semimonthly; monthly for public sector, qualified nonprofit, and FLSA-exempt employees
Oklahoma requires that the lag time between the end of the pay period and the payment of wages to the employee not exceed eleven days
Oklahoma payroll law requires that involuntarily terminated employees must be paid their final pay by next regular payday (by certified mail if employee requests) and that voluntarily terminated employees must be paid their final pay by the next regular payday or by mail if employee requests it
Deceased employee’s wages of $3,000 to the designated beneficiary, surviving spouse, children or guardians (in that order)
Escheat laws in Oklahoma require that unclaimed wages be paid over to the state after one year
The employer is further required in Oklahoma to keep a record of the wages abandoned and turned over to the state for a period of 10 years
Oklahoma payroll law mandates no more than 50% of minimum wage may be used as a tip credit
In Oklahoma the payroll laws covering mandatory rest or meal breaks are only that minors under 16 must have 1-hour rest period during 8-hour shift; 30-minute rest period after 5 hours work
There is no provision in Oklahoma law concerning record retention of wage and hour records therefor it is probably wise to follow FLSA guidelines
The Oklahoma agency charged with enforcing Child Support Orders and laws is:
Child Support Enforcement Division
Department of Human Services
Capitol Station, Box 53552
Oklahoma City, OK 73152
(405) 522-5871
wwwokdhsorg/childsupport/
Oklahoma has the following provisions for child support deductions:
- When to start Withholding? Immediately after receipt of order
- When to send Payment? Within 7 days of Payday
- When to send Termination Notice? Within 10 days of termination
- Maximum Administrative Fee? $5 per payment; up to $10 per month
- Withholding Limits? Federal Rules under CCPA
Please note that this article is not updated for changes that can and will happen from time to time
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Charles J Read, CPA has been in the payroll, accounting and tax business for 30 years, the last fifteen in private practice Mr Read is the author of “How to Start a New Business” For Professional Payroll services at a Budget Price go to http://wwwPayrollonaBudgetcom a Paperless Payroll Company Go to http://wwwCustomPayrollcom For a full service payroll service bureau with CPA’s on staff See an excerpt of Mr Read’s interviews from William Shatners “Heartbeat of America” television show on the websites linked above Article Source: http://EzineArticlescom/?expert=CharlesRead |
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Tags | employment, income, oklahoma, reductions, result, state, supplemental, tax, wages, workcomp
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