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Primer: Employment Taxes Colorado

If you have employees on your payroll, your tax situation is significantly more complex. You'll have to keep track of payroll taxes, employee withholding, Social Security, Medicare, unemployment, disability, and worker's comp, to name a few. All of these require separate calculations and timelines for payment. These rules are very strict and complex, and if you're not in the payroll business, hire an accountant or a payroll service to keep yourself legal and punctual with all these payments.

Local Companies

Jackson Hewitt Tax Service - Westminster
(303) 428-9050
4955 West 72nd Ave., Unit C
Westminster, CO
Jackson Hewitt Tax Service - Westminster
(303) 428-9050
4955 West 72nd Ave., Unit C
Westminster, CO
INTEGRATED TAX ADVISORS
303726-8931
3631 East Mineral Place
Centennial, CO
H&R BLOCK
720371-9714
6930 S. University Blvd
Centennial, CO
K. G. CONSULTANTS, INC.
303773-0277
9000 E. Nichols Ave
Centennial, CO
VANTIVE PARTNERS - SOUTHWEST PLAZA
303973-1310
8906 W Bowles
Littleton, CO
RSL Accounting Services
(719) 542-8279
710 W. 4th Street, Suite K
Pueblo, CO
VANTIVE PARTNERS - SOUTHWEST LITTLETON
303948-1032
12482 W Ken Caryl #A2A
Littleton, CO
VANTIVE PARTNERS - HIGHLANDS RANCH
303471-4174
2223 W Wildcat Reserve Parkway Suite G-3
Highlands Ranch, CO
Srf Mrktng
(303) 477-2442
2110 Market St
Denver, CO



If you have employees on your payroll, your tax situation is significantly more complex. You'll have to keep track of payroll taxes, employee withholding, Social Security, Medicare, unemployment, disability, and worker's comp, to name a few. All of these require separate calculations and timelines for payment. These rules are very strict and complex, and if you're not in the payroll business, hire an accountant or a payroll service to keep yourself legal and punctual with all these payments.

All employees must fill out a federal W-4 form and a Form I-9 from the Immigration and Naturalization Service. You should also check with your state's office of taxation to find out about state income tax, unemployment, and worker's compensation, as well as what forms, if any, need to be filed.

If you use independent contractors and pay them more than $600 per year, you must file a Form 1099 with the IRS and send one to the person you paid. You can get these forms from your accountant or from tax officials. The Form 1099 reports to the government that this person was paid as a non-employee. This gives you the right to deduct those payments as an expense and tells the IRS to look for that money as income on your non-employee's Schedule C form.

Your tax preparer should provide you with forms and envelopes for making your estimated payments, or you can order these forms directly from the IRS by calling 800-829-3676.

Featured Local Company

Jackson Hewitt Tax Service - Westminster

(303) 428-9050
4955 West 72nd Ave., Unit C
Westminster, CO
Read more about Primer: Employment Taxes

Related Local Event
2009 Summer AGC Tax and Fiscal Affairs Committee Meeting
Dates: 6/18/2009 - 6/19/2009
Location: The Broadmoor
Colorado Springs, CO
View Details
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