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State of New Jersey Department of the Treasury Division of Revenue REVENUE CONSOLIDATION Visit us on www.state.nj.us/treasury/revenue Christine Todd Whitman.

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Presentation on theme: "State of New Jersey Department of the Treasury Division of Revenue REVENUE CONSOLIDATION Visit us on www.state.nj.us/treasury/revenue Christine Todd Whitman."— Presentation transcript:

1 State of New Jersey Department of the Treasury Division of Revenue REVENUE CONSOLIDATION Visit us on www.state.nj.us/treasury/revenue Christine Todd Whitman Governor Roland M. Machold State Treasurer FTA Conference June 7, 2000 State of New Jersey Division of Revenue

2 00527/98 -Page 2 State of New Jersey Division of Revenue History and Background F Summer 1975 vGross Income Tax Law was signed vEffective January 1, 1976 vFolded into the Division of Taxation/ Department of the Treasury vDivision of Taxation collected the gross income tax withholdings F Division of Employer Accounts/ Department of Labor vWage Requesting State vDepartment of Labor collected the unemployment insurance and disability insurance withholdings

3 00527/98 -Page 3 State of New Jersey Division of Revenue History and Background F Late 1970s vDivision of Taxation developed a wage reporting system vAssist the State in the enforcement of gross income tax, welfare and unemployment laws F Early 1980 vNJ became a wage reporting unemployment State vWage Reporting function was transferred to the Division of Employer Accounts/ Department of Labor vPrimarily to take advantage of federal funding

4 00527/98 -Page 4 State of New Jersey Division of Revenue History and Background F 1983 - 1984 vDivision of Taxation implemented an integrated tax, registration and accounts receivable system (TAXNET) F 1987 - 1995 vDepartment of Labor wanted to develop a new system to maintain employer accounts vOMB denied the request vOMB recommended that it be consolidated with TAXNET vDepartment of Labor disagreed with recommendation

5 00527/98 -Page 5 State of New Jersey Division of Revenue Phase I of Consolidation F Executive Reorganization Plan 001-1997 vIssued January 14, 1997 vEffective March 15, 1997 F Created the Division of Revenue vProcessing and recollection activities © the Division of Taxation including NJ-941 © other State agencies

6 00527/98 -Page 6 State of New Jersey Division of Revenue Taxation Responsibilities F Tax Policy F Tax Interpretation F Tax Enforcement F Customer Service Inquiries

7 00527/98 -Page 7 State of New Jersey Division of Revenue Revenue Responsibilities F Data Collection and Posting to Taxpayer Accounts F Maintaining Client Registration F Processing Tax Forms and Checks F Accounting and Reporting F EFT and Credit Card Payments

8 00527/98 -Page 8 State of New Jersey Division of Revenue Joint Responsibilities F Forms Design F Telefiling F Internet Filing F Edit Maintenance

9 00527/98 -Page 9 State of New Jersey Division of Revenue Phase II of Consolidation F Late 1997 vDepartment of Labor © Needed Registration and Employer Tax Systems © Employer numbering was running out of new numbers © Still wanted a new employer system vGovernors Office/ Treasurer’s Office © Wanted to create One-Stop Shopping for Business © Wanted Department of Labor to transfer Employer Accounts to Revenue vAll parties decided to compromise

10 00527/98 -Page 10 State of New Jersey Division of Revenue Phase II of Consolidation F Department of Labor vDepartment agreed to the following: © consolidate the TAXNET and Department of Labor registration files into a single revenue registration file © adopt the FEIN as the new unique employer ID number and to re-number all existing accounts © combine the payment and return of tax and labor withholdings vGovernors Office/ Treasurer’s Office agreed to © a new employer accounting system for the Department of Labor

11 00527/98 -Page 11 State of New Jersey Division of Revenue Phase II of Consolidation F Executive Reorganization Plan 004-1998 vIssued March 30, 1998 vEffective May 29, 1998 F Created One-Stop Shopping for Business vBureau of Wage Reporting, Department of Labor vDivision of Commercial Recording, Secretary of State

12 00527/98 -Page 12 State of New Jersey Division of Revenue Primary Purpose F Provide the business community with convenient, seamless access to multiple State government services vImprove cooperative public/private relationship vBusiness centered vCommon sense approach

13 00527/98 -Page 13 State of New Jersey Division of Revenue Provide a Single Doorway F Employer registration F Corporate tax return filing and contribution reporting F Internet access for filings and payments F Expanded Electronic Funds Transfer (EFT) program

14 00527/98 -Page 14 State of New Jersey Division of Revenue Former Structure F Businesses filed with the Department of Labor, the Secretary of State, and the Division of Taxation for the following: - initial registration - quarterly filing - annual reporting - changing business status F Total of 11 forms to 3 Departments

15 00527/98 -Page 15 State of New Jersey Division of Revenue New Structure F Businesses now file with the Division of Revenue for the following: - initial registration - quarterly filing - annual reporting - changing business status F Total of 4 forms to 1 Department

16 00527/98 -Page 16 State of New Jersey Division of Revenue Benefits of Consolidation ¨ Elimination of redundant data ¨ Reduction of hardware systems and software package ¨ Provide a single source of inquiries to employers for initial start-ups

17 00527/98 -Page 17 State of New Jersey Division of Revenue New NJ-927 F Combines the UC-27 and NJ-941 F Mailed quarterly F Returned with one check to one address F Preprinted rates for UI/DI F Data from two forms on one card sized return F Filing date for both is the 30th of the month after end of quarter F Expanded EFT available to UI/DI F NJ-927 electronic filing

18 00527/98 -Page 18 State of New Jersey Division of Revenue

19 00527/98 -Page 19 State of New Jersey Division of Revenue

20 00527/98 -Page 20 State of New Jersey Division of Revenue Implementation Problems F Combining two different registration files F Designing consolidated returns with all information on one duplex card size return F Allocation of funds between two trust accounts F Confidentiality problems with data F Coordinate the submission of dates

21 00527/98 -Page 21 State of New Jersey Division of Revenue Implementation Problems - Continued F Notifying the employer community F Notifying CPA, tax preparer and payroll communities F Working with software vendors F Payroll companies did not want to lose float on UI funds F Different interest rates and penalties

22 00527/98 -Page 22 State of New Jersey Division of Revenue Common Problems NJ-927 F Failure to detach change form from NJ-927s F More than one check with one return F Mail sent to wrong address F Division of Taxation paid weekly and monthly and Department of Labor paid quarterly F Use of old forms

23 00527/98 -Page 23 State of New Jersey Division of Revenue Common Problems NJ-927 - Continued F Failure to detach check stub vNo additional documents should be enclosed F Stapled or paper-clipped the check to the NJ-927s F More than one return in an envelope F Use of unauthorized computer generated returns

24 00527/98 -Page 24 State of New Jersey Division of Revenue WR-30 F Not much changed -- WR-30 F Mailed quarterly with NJ-927 F Returned to separate address F UP to 99 employees preprinted F Over 100 electronic filing (changing to 50 in 2001)

25 00527/98 -Page 25 State of New Jersey Division of Revenue Client Registration F One registration file for Division of Taxation and Department of Labor F Based on FEIN F UI/DI secondary number for old businesses - new number is same as FEIN F Mailing address is Department of Labor address

26 00527/98 -Page 26 State of New Jersey Division of Revenue Client Registration Packet F One registration package (NJ-REG) - Commercial Recording - Division of Taxation - Department of Labor - New Hires Program

27 00527/98 -Page 27 State of New Jersey Division of Revenue What We Did Not Consolidate? F The following were not consolidated: vEnforcement or criminal prosecution effort vField audit vEmployer accounting systems vBillings and delinquent filing notices vDebt collections and penalty abatements vDebt judgments and bankruptcy actions

28 00527/98 -Page 28 State of New Jersey Division of Revenue Summary F Create a more business friendly environment F Establish one doorway to New Jersey F Reduce burdens placed on businesses F Process information faster and more efficiently F Public/Private Partnership

29 00527/98 -Page 29 State of New Jersey Division of Revenue Questions and Answers F fgatti@revenue.state.nj.us F 609-292-1404 F www.state.nj.us/treasury/revenue

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