| The Colorado State Agency that oversees the | | | | Colorado new hire reporting agency can be reached |
| collection and reporting of State income taxes | | | | at 303-297-2849 or on the web at .Colorado does not |
| deducted from payroll checks is:Department of | | | | allow compulsory direct depositColorado requires the |
| Revenue | | | | following information on an employee's pay stub: |
| State Capital Annex | | | | Gross and Net Earnings |
| 1375 Sherman St. | | | | Deductions |
| Denver, CO 80261-0009 | | | | Pay period dates |
| 800-332-2087 | | | | Employee's name or social security number |
| www revenue.state.co.us/Colorado allows you to use | | | | Employer's name and addressColorado requires that |
| the Federal W-4 form to calculate state income tax | | | | employees be paid monthly or every 30 days which |
| withholdingNot all states allow salary reductions made | | | | ever is longer.In Colorado requires that employees be |
| under Section 125 cafeteria plans or 401(k) to be | | | | paid no more than 10 days after the end of the pay |
| treated in the same manner as the IRS code allows. In | | | | period.Colorado payroll law requires that involuntarily |
| Colorado cafeteria plans are: not taxable for income | | | | terminated employees must be paid their final pay |
| tax calculation; not taxable for unemployment | | | | immediately or within 6 hours of the payroll department |
| insurance purposes. 401(k) plan deferrals are: not | | | | becoming operational; next day if payroll is offsite. (By |
| taxable for income taxes; taxable for unemployment | | | | mail upon request) Voluntarily terminated employees |
| purposes.In Colorado supplemental wages are taxed | | | | must be paid their final pay by the next regular |
| at a 4.63% flat rate.You must file your Colorado State | | | | payday.Deceased employee's wages must be paid to |
| W-2s by magnetic media if you are required to file | | | | the surviving spouse or next legal heir; personal |
| your federal W-2s by magnetic media.The Colorado | | | | representative if already appointed. After an affidavit |
| State Unemployment Insurance Agency is:Department | | | | showing claimant's relationship to the deceased is |
| of Labor & Employment | | | | presented.Escheat laws in Colorado require that |
| Division of Employment and Training | | | | unclaimed wages be paid over to the state after one |
| 1515 Arapahoe St., Tower 2, Ste. 400 | | | | year.The employer is further required in Colorado to |
| Denver, CO 80202-2117 | | | | keep a record of the wages abandoned and turned |
| 303-603-8254 | | | | over to the state for a period of five years.Colorado |
| State of Colorado taxable wage base for | | | | law concerning tip credits against State minimum wage |
| unemployment purposes is wages up to | | | | allows a maximum credit of $3.02 per hour..In Colorado |
| $10,000.00.Colorado has optional reporting of quarterly | | | | the payroll laws covering mandatory rest or meal |
| wages on magnetic media..Unemployment records | | | | breaks are a 30 minute meal break after five hours |
| must be retained in Colorado for a minimum period of | | | | and 10 minutes of rest after four hours.Colorado law |
| five years. This information generally includes: name; | | | | concerning record retention of wage and hour records |
| social security number; dates of hire, rehire and | | | | requires a minimun of two years retention.The |
| termination; wages by period; payroll pay periods and | | | | Colorado agency charged with enforcing Child Support |
| pay dates; date and circumstances of termination.The | | | | Orders and laws is:Division of Child Support |
| Colorado State Agency charged with enforcing the | | | | Enforcement |
| state wage and hour laws is:Department of Labor & | | | | 1575 Sherman St., 2nd Fl. |
| Employment | | | | Denver, CO 80203-1714 |
| Labor Standards Office | | | | 303-866-5994 |
| 1515 Arapahoe St., Ste. 375 | | | | has the following provisions for child support |
| Denver, CO 80202-2117 | | | | deductions:When to start Withholding? Within 14 days |
| 303-318-8441 | | | | after receipt of order. |
| minimum wage in Colorado is $6.15 per hour.The | | | | When to send Payment? Within 7 days of Payday. |
| general provision in Colorado State Law covering | | | | When to send Termination Notice? Within 10 days of |
| paying overtime is one and one half times regular rate | | | | termination. |
| after 12 hour day or 40 hour week.Colorado State | | | | Maximum Administrative Fee? $5 per month. |
| new hire reporting requirements are that every | | | | Withholding Limits? Federal Rules under CCPA. |
| employer must report every new hireor rehire. The | | | | Please note that this article is not updated for |
| employer must report the federally required elements | | | | changes that can and will happen from time to |
| of:Employee's name | | | | time.Charles J. Read, CPA has been in the payroll, |
| Employee's address | | | | accounting and tax business for 30 years, the last |
| Employee's social security number | | | | fifteen in private practice. Mr. Read is the author of |
| Employer's name | | | | "How to Start a New Business".For Professional |
| Employers address | | | | Payroll services at a Budget Price go to a Paperless |
| Employer's Federal Employer Identification Number | | | | Payroll Company.Go to for a full service payroll service |
| (EIN) This information must be reported within 20 days | | | | bureau with CPA's on staff.See an excerpt of Mr. |
| of the hiring or rehiring or first payroll after hire.The | | | | Read's interviews from William Shatners "Heartbeat of |
| information can be sent as a W4 or equivalent by mail, | | | | America" television show on the websites linked |
| fax or electronically. | | | | above. |
| There is no penalty for a late report in Colorado.The | | | | |