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Level 2
Oct 3, 2023 5:28 PM UTC
Solved

Quarterly tax reporting

So. I've been a sole proprietor in Oregon for a long time. I pay state/ federal taxes once a year. I recently became one in Washington (where I've lived for 20 yrs.) I also just hired an employee from Washington. I have L&I  (workmans comp) I also have a payroll service that handles all my withholding/ quarterly reporting for him. 

I know I have to report my Washington excise tax quarterly. My question is , Since employee related  and Excise taxes are compliant AND there's no state tax, can't I continue to file my taxes yearly? State requirements differ but Federal is the same right?

    Critter-3
    Critter-3Answer
    Level 15
    Oct 3, 2023 8:55 PM UTC

    Expert Reviewed

    WA has no state income tax so if you want to only pay the feds/OR annually then you can continue this practice. 

    3 replies

    Level 15
    Oct 3, 2023 8:50 PM UTC
    Critter-3
    Critter-3Answer
    Level 15
    Oct 3, 2023 8:55 PM UTC

    Expert Reviewed

    WA has no state income tax so if you want to only pay the feds/OR annually then you can continue this practice. 

    rrar777Author
    Level 2
    Oct 3, 2023 9:26 PM UTC

    Great. That helps a lot. Thank you.