If your business isn’t located in Greenwood Village, but the tax applies to an employee, you will also need a license. Both portions of the OPT would be due to Denver because it also imposes an OPT and the employee worked more hours there. The question came from a Denver area man upset over a new fee that the city began imposing in order to process the occupational privilege tax. The City of Sheridan has a $500 earnings threshold which must be met before a similar $3.00 per employee tax & $3.00 employer matching tax is imposed monthly. Contact Us Period End. If not, The employee OPT is $5.75 per month. Denver has a $500/month wage threshold which must be reached to determine if the employee is considered taxable in a given month. And, contribute $2 per month for every qualifying employee. You must register for a Denver OPT tax license. The wage threshold doesn’t apply to owners, partners, and officers. In Greenwood Village, the occupational privilege tax applies to employees who earn at least $250 during a month. OPT is paid at a flat rate. Denver Occupational Privilege Tax In Denver, an employee must pay $5.75 per month and their employer an additional $4.00 per month, for the privilege to perform work in the county. Patriot’s Full Service Payroll software will handle all your taxes, including your federal, state, and Colorado occupational privilege taxes. If you would like assistance registering for any of these agencies, please contact your account manager to discuss. This means that each qualifying employee must pay the tax. Occupational privilege taxes can get complicated if an employee works at multiple locations or has multiple jobs. Colorado has extended the April 20, 2020, deadline for filing and paying state sales taxes to May 20, 2020. The return must be filed and payment made within 30 days of the due date. Another issue that stumps even the most prudent revolves around the $4.00 per month a business must pay for each owner, partner, or manager engaged in business in Denver regardless of whether or not they are treated or paid as employees. If your business has 10 or more employees, file a monthly return. Denver, CO 80261-0005 PAYMENT WITH Mail To COLORADO DEPARTMENT OF REVENUE Denver, CO 80261-0006 MAILING ADDRESS FOR FORM DR 0104 These addresses and zip codes are exclusive to the Colorado Department of Revenue, so a street address is not required. To see the details for this agency visit here. You will have a monthly, quarterly, or annual filing period. BUSINESS OCCUPATIONAL PRIVILEGE TAX … You will file on a monthly or quarterly basis. However, both businesses must pay the business OPT. Due Date. Local Tax (Occupational Privilege Tax) The Occupational Privilege Tax (OPT) consists of the employee occupational privilege tax and the business occupational tax. If an employee works in Denver for you and another business, the employee only needs to pay the OPT once. The Business OPT is imposed on businesses operating in Denver and the Employee OPT is imposed individualson who perform sufficient services within Denver to receive as compensation at least five hundred dollars ($500) for a calendar month. If you are a sole proprietor or partnership with no employees who are subject to the OPT, file an annual return. Denver has a $500/month wage threshold which must be reached to determine if the … Denver has a $500/month wage threshold which must be reached to determine if the employee is considered taxable in a given month. Cato Electronics, headquartered in Denver, Colorado has 10 employees. Employees do not need to live in Denver to be liable for the tax. You will withhold $5 from qualifying employee wages, and you will contribute $5 for every qualifying employee. The wage threshold does not apply to these individuals. Due to the State of Emergency and Stay at Home order, The Denver Department of Finance (DOF) will waive the 15% penalty for late payment of February and March sales, use, and occupational privilege taxes due March 20, March 31, April 20, and April 30 2020. Businesses often are confused by the tax as the tax is imposed on businesses performing work in the City regardless if their main location is outside of the City/County lines. People who are self-employed, owners, partners, or officers and they are not paid a salary or commission are subject to the employer OPT. For a sole proprietorship or a partnership, pay only the business portion ($4) for each owner or partner each month they perform any business in Denver. The City and County of Denver levies an Occupational Privilege Tax (OPT or head tax… Even if you don’t have employees, you might be subject to the business portion of the Denver OPT. City of Aurora Occupational Privilege Tax Info - Aurora OPT City of Denver Occupational Privilege Tax Info - Denver OPT City of Glendale Occupational Privilege Tax Info - Glendale OPT City of Greenwood Village Occupational Tax Info - GV OPT City of Sheridan Occupational Privilege Tax Info - Sheridan OPT Colorado Department of Labor & Employment - CDLE The business OPT is $4 per month per qualifying employee. A handful of cities in Colorado have a local tax called an occupational privilege tax. Line 2. ASAP Accounting & Payroll, Inc. Businesses pay $4 a month in occupational privilege tax for each taxable staffer. The OPT is $5 for both employees and employers. Try our payroll software in a free, no-obligation 30-day trial. Occupational Privilege Taxes in Colorado are essentially a “head tax” that is levied on most workers within jurisdictions that have the tax. Denver imposes two separate but related Occupational Privilege Taxes (OPT). Denver’s process for auditing marijuana businesses is inadequate and has potentially cost the city countless tax dollars allocated for public service programs, the city auditor alleged Thursday. The city of Sheridan occupational privilege tax is $3 per month for both employees and employers. The employee OPT is $5.75 per month. Employees and employers are both subject to an OPT of $2 per month. • A new fee charging businesses $50 every two years to process the city’s occupational privilege tax ($1.4 million). Enter the number of employees for which the business is … To Learn more about Denver OPT read the FAQ page here along with the Denver Treasury Division's Business Taxes page here and finally the official OPT tax guide here. In Denver for example, an employee must pay $5.75 per month and their employer an additional $4.00 per month, just to have the \"privilege\" to perform work in the county. Denver officially the City and County of Denver, is the capital and most populous municipality of the U.S. state of Colorado. The Glendale OPT applies to employees who earned at least $750 during a month working in the city. The business OPT is $4 per month per qualifying employee. Occupational Privilege Taxes in Colorado are essentially a “head tax” that is levied on most workers within jurisdictions that have the tax. We are committed to providing timely updates regarding COVID-19. More details found on the cities website here. Media # Occupational Privilege Tax . Start your free trial today! You will remit the OPT on a monthly or quarterly basis. Divide your answer by 12. Denver Occupational Privilege Tax. While many states and communities are trying to stimulate employment/job growth; Denver and many of the surrounding communities have a local payroll tax referred to as the Occupational Privilege Tax (OPT) which is essentially a per employee head tax on workers. The new $50 biannual fee is expected to generate $1.4 Million for the city. Powered by Help Scout, Glendale Occupational Privilege Tax (OPT), Greenwood Village Occupational Privilege Tax (OPT), CIty of Sheridan Occupational Privilege Tax (OPT), appears to have issues with these local tax calculations. Therefore, there is an EE and ER Portion. Greenwood Village has a $250 earnings threshold which must be met before a $2.00 per month employee tax and employer matching $2.00 tax is imposed. NOTE: All businesses located in Denver or performing work in Denver, regardless of the length or duration, are required to pay the minimum $4.00 Business Occupational Privilege Tax (OPT) for each month even when there are no taxable employees. In Denver for example, an employee must pay $5.75 per month and their employer an additional $4.00 per month, just to have the "privilege" to perform work in the county. Apr 9, 2020. For more information, visit the City of Sheridan website. Follow the tax laws of the city where the employee works. The occupational tax is shared by the employer and the employee, as indicated below: Metro Denver Occupational Taxes. a separate application is required for each place of business. If you have more than 25 employees, file monthly. As long as an employee performs work in Denver, you and the employee are liable for the OPT. Withhold $2 per month from the wages of qualifying employees. city and county of denver treasury division wellington webb bldg. Each city sets an income threshold to determine which employees are subject to the tax. Fill out, securely sign, print or email your denver occupational privilege tax form instantly with SignNow. The Denver Department of Finance (DOF) will waive the 15% penalty for late payment of March sales, use, and occupational privilege taxes due April 20, 2020. For more information about the Greenwood Village OPT, visit the Greenwood Village website. Enter the number of employees for which the business is … The income threshold doesn’t apply, so pay the business OPT for owners and partners, regardless of how much they earn. This means you withhold and contribute a set dollar amount instead of paying a percentage of employee wages. Not all cities in Colorado have an OPT. Denver Occupational Privilege Tax Return. To get more information about the Glendale OPT, visit the City of Glendale website. Even if the employee requests that you don’t withhold the tax, both employers must still pay the employer portion of the OPT. Glendale has an earnings threshold of $750/month and the fee is $5.00 for the employee and a $5.00 employer match. Denver Implements Additional Business Tax Relief Efforts. For more information about occupational privilege tax in Aurora, visit the city of Aurora website. Governor’s executive order allows for greater flexibility for business personal property tax filings. I hereby certify, under penalty of perjury, that the statements made herein are to the best of my knowledge true and correct. April 16, 2020 AUDITOR’S LETTER The objective of our audit of the City and County of Denver’s marijuana taxation was to assess the ... occupational privilege tax, lodger’s tax, facilities development admissions tax, and telecommunications business tax — as well as the business personal property tax. If you have fewer than 25 employees, file quarterly. Dec 2, 2020. Five cities in Metro Denver assess an occupational tax on all people working in that city who earn a determined amount in monthly salary. If an employee has more than one employer, only their primary employer should withhold the tax. 000000000005 . If an employee has more than one Aurora employer, the employee can avoid paying OPT twice. Line 2. The most secure digital platform to get legally binding, electronically signed documents in just a few seconds. 2020. Cities not on the list below do not assess an occupational tax. If an employee works in more than one city with an OPT, pay the OPT to the city where the employee worked the most. All businesses in Greenwood Village need an OPT license. Once the employee reaches the minimum amount of pay, the employee and employer are subject to the OPT for the month. The occupational privilege tax, which has been colelcted since 1983, requires businesses that operate within city limits to pay $48 annually for every person they employ. You will need to file your taxes on a monthly, quarterly, or annual basis. The $5.75 monthly deduction is for the City and County of Denver’s Occupational Privilege Tax, also known as a “head tax” to those familiar with business-related taxes. RFQ: Design Build Services for the 56th Avenue Widening Project . SECTION C We have withheld the Denver Occupational Privilege Tax for the month of _____, 20_____. 201 w colfax ave., dept 403 denver, co 80202-5329 application for denver sales, use, lodger's tax license and/or occupational tax registration this application must be completed in full (this form has 2 sides). The business OPT must be remitted no matter what these individuals earn. 000000000005 . Local Links. The taxes are levied based on the city where work is performed, not based on where the business is located or where the employee lives. Available for PC, iOS and Android. You can learn more by visiting the agency directly here. This functions much the same generally; the gross earnings test is $250 however and the tax is $2.00 per month for both the employee and the employer. ACCOUNT NUMBER. To learn more about the Denver OPT, check out the frequently asked questions on Denver’s website. You can get these Denver OPT tax forms from the Denver Treasury Division. The Project consists of widening 56th Avenue from Peoria Street to Peña Boulevard to a four-lane typical section while establishing the footprint for an ultimate six-lane typical section. Include local/municipal fees, e.g. Employees and employers both owe $2 in tax. Occupational privilege taxes (OPT) in Colorado are head taxes on workers. Add the outstanding amount of your Economic Injury Disaster Loan, if you received one between Jan. 31, 2020, and April 3, 2020, minus the amount of any “advance” you … NAME. You can use a paper form or register online using the Denver eBiz Tax Center. incomplete applications will be returned. Did that address your question? Do NOT include federal or state paid employer paid taxes. PRIMARY BUSINESS LOCATION . Every year, the city mails coupon books to licensed businesses. Don’t handle your OPT on your own. If an employee performs work in Aurora and another city that collects OPT, the employee and employer OPT are both due to the city where the employee worked more hours. You will withhold this amount from each qualifying employee’s wages. The employee might give you a Withholding Certificate/AOPT Form to request that you don’t withhold the OPT. The tax, enacted in 1969 and last raised in 1988, also charges $5.75 per month per employee in Denver … The library wants to ensure that the Blair-Caldwell African American Research Library continues to be a welcoming and useful facility that serves the Five Points Denver neighborhood well for generations to come and continue to be a stellar historical and cultural center for African Americans in the Rocky Mountain West. Free payroll setup to get you up and running and support to smoothly run payroll. For example, one month an employee works 90 hours in Denver and 70 hours in Aurora. Simply put, this means that every employee that falls under the requirements in the jurisdiction has to pay it, and there is typically an employer match of this tax. A potential sales tax increase of ¼ of 1% or an extra.25 cents for every $100 spent At least doubling Denver’s Occupational Privilege Tax also known as the head tax. If you had employees who worked in Aurora and earned at least $250 in gross wages during the month, you owe OPT. You will withhold this amount from each qualifying employee’s wages. And, your business doesn’t need to be located in Denver. And, you will pay $2 per month for every qualifying employee. DENVER OCCUPATIONAL PRIVILEGE TAX RETURN. The employee might give you Form TD269 to request that you don’t withhold the OPT from their wages. Signature (Required) Title Date. Contact Us, © Multiply the average monthly payroll costs from Step 3 by 2.5. Simply put, this means that every employee that falls under the requirements in the jurisdiction has to pay it, and there is typically an employer match of this tax. Both employees and employers owe it. We will withhold the Denver Employee Occupational Privilege Tax beginning with the month of _____, 20_____, and each taxable month thereafter while in our employ. And, the employer must also pay a portion. The tax is imposed on businesses operating in the City and on individuals who perform sufficient services within Denver to receive as compensation from an employer at least five hundred dollars ($500) for a calendar month. To Learn more about Aurora OPT visit the agency page here. The audit unit is the largest unit within Treasury and performs audits for Denver’s six excise taxes — the sales tax, use tax, occupational privilege tax, lodger’s tax, facilities development admissions tax, and telecommunications business tax — as well as the business personal property tax. Increasing Denver property taxes Fill out and mail the paper application. If your business has fewer than 10 employees, file a quarterly return. Currently employers pay $4 per month for each employee and the workers themselves are liable for a fee of $5.75 per month. Five cities in Colorado have an OPT: Aurora, Denver, Glendale, Greenwood Village, and Sheridan. NOTE: All businesses located in Denver or performing work in Denver, regardless of the length or duration, are required to pay the minimum $4.00 Business Occupational Privilege Tax (OPT) for each month even when there are no taxable employees. Use the coupons to remit your OPT. Withhold $3 from each employee’s wages and contribute a matching $3. If you’re an employer in Colorado, it’s important to know if you owe the occupational privilege tax and what your city requirements are. The Occupational Privilege Tax (OPT) for Denver is $4.00 per employee to be paid by the employer. The occupational privilege tax consists of two distinct parts: the employee occupational privilege tax and the business occupational privilege tax. The City and County of Denver occupational privilege tax is owed on employees who earn at least $500 in gross wages in a calendar month from work done within the city. Tax Type. The City and County of Denver occupational privilege tax is owed on employees who earn at least $500 in gross wages in a calendar month from work done within the city. The following cities impose an OPT on employees who work within the city: • Aurora • Denver • Glendale • Greenwood Village • Sheridan You will withhold $2 from qualifying employee wages per month. Businesses often are confused by the tax as the tax is imposed on businesses performing work in the City regardless if their main location is outside of the City/County lines. The threshold is the minimum amount an employee must earn per month in the city. 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