The occupational tax is shared by the employer and the employee, as indicated below: Metro Denver Occupational Taxes. 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 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. The wage threshold does not apply to these individuals. Denver Occupational Privilege Tax. The wage threshold doesn’t apply to owners, partners, and officers. Apr 9, 2020. 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. As long as an employee performs work in Denver, you and the employee are liable for the OPT. 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. Multiply the average monthly payroll costs from Step 3 by 2.5. The new $50 biannual fee is expected to generate $1.4 Million for the city. Five cities in Metro Denver assess an occupational tax on all people working in that city who earn a determined amount in monthly salary. Occupational Privilege Taxes in Colorado are essentially a “head tax” that is levied on most workers within jurisdictions that have the tax. 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. Line 2. You will remit the OPT on a monthly or quarterly basis. Do NOT include federal or state paid employer paid taxes. You must register for a Denver OPT tax license. 000000000005 . Denver officially the City and County of Denver, is the capital and most populous municipality of the U.S. state of Colorado. If you had employees who worked in Aurora and earned at least $250 in gross wages during the month, you owe OPT. The following cities impose an OPT on employees who work within the city: • Aurora • Denver • Glendale • Greenwood Village • Sheridan Each city sets an income threshold to determine which employees are subject to the tax. NAME. Period End. Occupational privilege taxes (OPT) in Colorado are head taxes on workers. Local Tax (Occupational Privilege Tax) The Occupational Privilege Tax (OPT) consists of the employee occupational privilege tax and the business occupational tax. Employees and employers are both subject to an OPT of $2 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. ASAP Accounting & Payroll, Inc. You will withhold this amount from each qualifying employee’s wages. Line 2. 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. 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. Denver has a $500/month wage threshold which must be reached to determine if the employee is considered taxable in a given month. Five cities in Colorado have an OPT: Aurora, Denver, Glendale, Greenwood Village, and Sheridan. Once the employee reaches the minimum amount of pay, the employee and employer are subject to the OPT for the month. 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. For more information, visit the City of Sheridan website. If you are a sole proprietor or partnership with no employees who are subject to the OPT, file an annual return. You will need to file your taxes on a monthly, quarterly, or annual basis. To Learn more about Aurora OPT visit the agency page 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. If an employee has more than one employer, only their primary employer should withhold the tax. The business OPT is $4 per month per qualifying employee. If an employee works in Denver for you and another business, the employee only needs to pay the OPT once. The Occupational Privilege Tax (OPT) for Denver is $4.00 per employee to be paid by the employer. city and county of denver treasury division wellington webb bldg. Employees and employers both owe $2 in tax. Employees do not need to live in Denver to be liable for the tax. 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. We will withhold the Denver Employee Occupational Privilege Tax beginning with the month of _____, 20_____, and each taxable month thereafter while in our employ. For more information about occupational privilege tax in Aurora, visit the city of Aurora website. If your business isn’t located in Greenwood Village, but the tax applies to an employee, you will also need a license. Therefore, there is an EE and ER Portion. 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. 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. Denver Implements Additional Business Tax Relief Efforts. You can get these Denver OPT tax forms from the Denver Treasury Division. 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. To learn more about the Denver OPT, check out the frequently asked questions on Denver’s website. However, both businesses must pay the business 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. Enter the number of employees for which the business is … The tax, enacted in 1969 and last raised in 1988, also charges $5.75 per month per employee in Denver … The employee OPT is $5.75 per month. 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. To get more information about the Glendale OPT, visit the City of Glendale website. 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. If your business has fewer than 10 employees, file a quarterly return. Colorado has extended the April 20, 2020, deadline for filing and paying state sales taxes to May 20, 2020. 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. All businesses in Greenwood Village need an OPT license. If you have fewer than 25 employees, file quarterly. If an employee has more than one Aurora employer, the employee can avoid paying OPT twice. • A new fee charging businesses $50 every two years to process the city’s occupational privilege tax ($1.4 million). The Glendale OPT applies to employees who earned at least $750 during a month working in the city. More details found on the cities website here. 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. 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 Cities not on the list below do not assess an occupational tax. To see the details for this agency visit here. Dec 2, 2020. Businesses pay $4 a month in occupational privilege tax for each taxable staffer. Fill out and mail the paper application. The income threshold doesn’t apply, so pay the business OPT for owners and partners, regardless of how much they earn. 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 not, Both portions of the OPT would be due to Denver because it also imposes an OPT and the employee worked more hours there. You will withhold $5 from qualifying employee wages, and you will contribute $5 for every qualifying employee. Don’t handle your OPT on your own. Use the coupons to remit your OPT. Withhold $2 per month from the wages of qualifying employees. Increasing Denver property taxes Due Date. The City and County of Denver levies an Occupational Privilege Tax (OPT or head tax… Contact Us The business OPT is $4 per month per qualifying employee. Start a free trial now to save yourself time and money! Cato Electronics, headquartered in Denver, Colorado has 10 employees. The employee OPT is $5.75 per month. This means that each qualifying employee must pay the tax. The employee might give you a Withholding Certificate/AOPT Form to request that you don’t withhold the OPT. The most secure digital platform to get legally binding, electronically signed documents in just a few seconds. Denver imposes two separate but related Occupational Privilege Taxes (OPT). The threshold is the minimum amount an employee must earn per month in the city. And, you will pay $2 per month for every qualifying employee. Contact Us, © Available for PC, iOS and Android. incomplete applications will be returned. OPT is paid at a flat rate. Patriot’s Full Service Payroll software will handle all your taxes, including your federal, state, and Colorado occupational privilege taxes. The OPT is $5 for both employees and employers. Start your free trial today! Denver has a $500/month wage threshold which must be reached to determine if the … We are committed to providing timely updates regarding COVID-19. Follow the tax laws of the city where the employee works. 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. Did that address your question? Include local/municipal fees, e.g. In Greenwood Village, the occupational privilege tax applies to employees who earn at least $250 during a month. You can learn more by visiting the agency directly here. Enter the number of employees for which the business is … You will have a monthly, quarterly, or annual filing period. If your business has 10 or more employees, file a monthly return. Denver Occupational Privilege Tax Return. Occupational Privilege Taxes in Colorado are essentially a “head tax” that is levied on most workers within jurisdictions that have the tax. For example, one month an employee works 90 hours in Denver and 70 hours in Aurora. Media # Occupational Privilege Tax . Tax Type. Denver has a $500/month wage threshold which must be reached to determine if the employee is considered taxable in a given month. 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. If you would like assistance registering for any of these agencies, please contact your account manager to discuss. Every year, the city mails coupon books to licensed businesses. For more information about the Greenwood Village OPT, visit the Greenwood Village website. The return must be filed and funds remitted within 30 days of the due date. A handful of cities in Colorado have a local tax called an occupational privilege tax. Governor’s executive order allows for greater flexibility for business personal property tax filings. If an employee works in more than one city with an OPT, pay the OPT to the city where the employee worked the most. 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. 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. 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. The business OPT must be remitted no matter what these individuals earn. This means you withhold and contribute a set dollar amount instead of paying a percentage of employee wages. If you have more than 25 employees, file monthly. The occupational privilege tax consists of two distinct parts: the employee occupational privilege tax and the business occupational privilege tax. 2020. PRIMARY BUSINESS LOCATION . Local Links. Glendale has an earnings threshold of $750/month and the fee is $5.00 for the employee and a $5.00 employer match. 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. 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. People who are self-employed, owners, partners, or officers and they are not paid a salary or commission are subject to the employer OPT. Taxes ( OPT ) from each qualifying employee within jurisdictions that have the tax instantly with SignNow a. 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