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Employer's Obligations for Colorado State Payroll Taxes

- Updated on May 28, 2020 - 06:00 AM by 123PayStubs Team

With 123PayStubs, you can know the tax liabilities for the pay period and generate pay stubs instantly for salaried or hourly employees and contractors in Colorado.

To create paystubs, enter a few basic details like company and employee information, earnings, and pay schedule information. That's it! Our Colorado paystub generator will do all the math for you and generate pay stubs with accurate tax calculations.

Also, 123PayStubs provides information about the payroll requirements for the state.

Calculate Colorado State Payroll Taxes and Generate Paystubs Instantly

What should employers know about the Colorado State Payroll Taxes?

123PayStubs will be suitable for those who are doing payroll on their own. As, 123PayStubs covers all the information required for Colorado state withholding taxes and provides you with the exact details to keep payroll under your control.

Apart from the federal withholding, employers in Colorado are also responsible for certain state payroll tax requirements which are listed below.

Colorado State Minimum Wage Requirements

Employers in the State of Colorado must pay their employees the state minimum wage rate of $12/hr.

Though this rate applies to all occupations, tipped employees must be paid at least $8.98/hr.

Colorado State New Hire Reporting

All employers must report their newly hired and rehired employees to the State Directory of New Hires (SDNH) within 20 calendar days from their date of hire or reemployment.

Employers may report online, fax or mail the Form W-4 or the equivalent form.

Employers with employees in two or more states may require to file electronically at the Federal Office of Child Support Enforcement website or mail the copies to Multi-State Employer Notification Form to the following address:

date
Department of Health and Human Services
Multi-State Employer Registration
Office of Child Support Enforcement
PO BOX 509
Randallstown, MD 21133

Filing New Hire Report Form Online

Employers can report the new hire report forms online through the State Directory of New Hires (SDNH).

Mail or Fax the New Hire Report Form

Employers can fax the new hire reporting form to 303-297-2595 or mail them to the following address:

date
Colorado State Directory of New Hires
PO BOX 2920
Denver, CO 80201-2920.

Colorado State Withholding Tax

  • The Colorado state requires employers to withhold state income taxes from employee's pay by using the IRS Form W-4, Employee’s Withholding Certificate.
  • Colorado does not have any reciprocal agreements with other states of the U.S.
  • Colorado State Tax Rates for Supplemental Wages is 4.63%.

Colorado State Unemployment Insurance TAX (SUI)

  • Colorado SUTA wage base limit for 2020: $13,600
  • Colorado SUTA tax rates for 2020: 0.58% to 3.17%
  • Colorado SUTA tax rates for new employers: 1.7%
  • Colorado general construction employers: 1.7%
  • Colorado heavy and civil engineering construction employers: 5.94%
  • Colorado trade employers: 1.7%

Colorado State Local Taxes

  • Companies doing business in Colorado are required to pay and file sales and use tax. The Colorado state tax rate is 2.9% and this may vary based on local municipalities as high as 11.2%.
  • Businesses are required to register with Colorado Department of Revenue and some municipalities require local registrations.

Other Payroll Requirements for Colorado

Colorado Termination Pay: If the employer terminates an employee, the wages or compensation for labor or service earned are due and payable immediately. However, if the employee resigns the job, the final wages and compensation can be paid on the next regular payday.

Remit withholding for child support to

date
Family Support Registry
P.O. Box 2171
Denver, CO 80201-217

When is the Colorado state payroll tax payment due?

Colorado state requires tax payments to be made on a quarterly, monthly, and annual basis.

However, tax deposits for unemployment insurance fall due each quarter (April 30, July 31, October 31, and January 31) and must be filed to the Colorado Department of Labor and Employment.

Colorado State Deposit Requirement

The state of Colorado requires employers remitting payments of more than $50,000 to submit payments through the department's electronic funds transfer and less tax amounts can be deposited using credit cards to e-check through Revenue Online.

Quarterly Tax Deposit Requirement

  • If the Colorado withholding collected is less than $7,000, the employers must deposit tax amounts quarterly.
  • Quarterly returns are due by the last day of the month after the end of the quarter. The due dates fall on April 30 (First Quarter), July 31 (Second Quarter), October 31 (Third Quarter), and January 31 (Fourth Quarter).
  • Taxes can be paid through Revenue Online (credit card or e-check) or Electronic Funds Transfer.

Monthly Tax Deposit Requirements

  • If the Colorado withholding collected is at least $7,000 but not more than $50,000, employers must deposit taxes monthly.
  • The payment of taxes is due on or before the 15th day of the following month.
  • Taxes can be paid through Revenue Online (credit card or e-check) or Electronic Funds Transfer.

Quarterly Colorado Payroll Tax Filings

Employers can file the withholding returns through Form DR 1094 Wage Withholding Return to the Colorado Department of Revenue’s Online application, which is due weekly, monthly, or quarterly based on the schedule assigned.

The unemployment insurance must be filed on or prior to the last day of the month following the end of a calendar quarter, i.e., April 30, July 31, October 31, and January 31, to the Colorado’s Department of Labor and Employment using the MyUI Employer site.

Annual Colorado Payroll Tax Filings

The state of Colorado requires employers to file Form DR 1093, Annual Transmittal of State W-2 Forms on or before the last day in January following the end of the year in which withholdings were made. This form can also be filed electronically at the Colorado Department of Revenue’s Online application.

123PayStubs is more than a paystub generator.

No matter which part of Colorado your business operates in, our Colorado paystub generator will let you create pay stubs for your employees and contractors with accurate tax calculations including all cities like Denver, Colorado Springs and Aurora. You only have to provide a few basic information such as company, employee and salary details and our pay stub generator will calculate all the applicable taxes swiftly based on the information provided. It will take less than 2 minutes to generate a pay stub. Employees and contractors in Colorado can use the pay stubs as proof of income.

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