Use the coupons to remit your OPT. Tax Type. The City and County of Denver levies an Occupational Privilege Tax (OPT or head 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. This means that each qualifying employee must pay the tax. 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. 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. If an employee has more than one Aurora employer, the employee can avoid paying OPT twice. Once the employee reaches the minimum amount of pay, the employee and employer are subject to the OPT for the month. Media # Occupational Privilege Tax . You will withhold $5 from qualifying employee wages, and you will contribute $5 for every qualifying employee. 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. Fill out, securely sign, print or email your denver occupational privilege tax form instantly with SignNow. If you have more than 25 employees, file monthly. If an employee has more than one employer, only their primary employer should withhold the tax. PRIMARY BUSINESS LOCATION . ACCOUNT NUMBER. Both portions of the OPT would be due to Denver because it also imposes an OPT and the employee worked more hours there. 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. BUSINESS OCCUPATIONAL PRIVILEGE TAX … Occupational Privilege Taxes in Colorado are essentially a “head tax” that is levied on most workers within jurisdictions that have the tax. Do NOT include federal or state paid employer paid taxes. Enter the number of employees for which the business is … a separate application is required for each place of business. Follow the tax laws of the city where the employee works. 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. The tax, enacted in 1969 and last raised in 1988, also charges $5.75 per month per employee in Denver … city and county of denver treasury division wellington webb bldg. More details found on the cities website here. As long as an employee performs work in Denver, you and the employee are liable for the OPT. Local Tax (Occupational Privilege Tax) The Occupational Privilege Tax (OPT) consists of the employee occupational privilege tax and the business occupational tax. The following cities impose an OPT on employees who work within the city: • Aurora • Denver • Glendale • Greenwood Village • Sheridan You will remit the OPT on a monthly or quarterly basis. Occupational privilege taxes (OPT) in Colorado are head taxes on workers. The new $50 biannual fee is expected to generate $1.4 Million for the city. You will file on a monthly or quarterly basis. Governor’s executive order allows for greater flexibility for business personal property tax filings. 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 … 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 an employee works in more than one city with an OPT, pay the OPT to the city where the employee worked the most. The Glendale OPT applies to employees who earned at least $750 during a month working in the city. 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. The business OPT is $4 per month per qualifying employee. SECTION C We have withheld the Denver Occupational Privilege Tax for the month of _____, 20_____. Each city sets an income threshold to determine which employees are subject to the tax. The employee OPT is $5.75 per month. And, contribute $2 per month for every qualifying employee. Glendale has an earnings threshold of $750/month and the fee is $5.00 for the employee and a $5.00 employer match. Therefore, there is an EE and ER Portion. To Learn more about Aurora OPT visit the agency page here. A handful of cities in Colorado have a local tax called an occupational privilege tax. Cities not on the list below do not assess an occupational tax. 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. 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 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. Businesses pay $4 a month in occupational privilege tax for each taxable staffer. 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 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. 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. The business OPT must be remitted no matter what these individuals earn. For example, one month an employee works 90 hours in Denver and 70 hours in Aurora. The wage threshold doesn’t apply to owners, partners, and officers. For more information about occupational privilege tax in Aurora, visit the city of Aurora website. Dec 2, 2020. Period End. The most secure digital platform to get legally binding, electronically signed documents in just a few seconds. 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. 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. Fill out and mail the paper application. The OPT is $5 for both employees and employers. The city of Sheridan occupational privilege tax is $3 per month for both employees and employers. You will withhold this amount from each qualifying employee’s wages. Increasing Denver property taxes If your business has fewer than 10 employees, file a quarterly return. 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. Enter the number of employees for which the business is … 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. Currently employers pay $4 per month for each employee and the workers themselves are liable for a fee of $5.75 per month. DENVER OCCUPATIONAL PRIVILEGE TAX RETURN. 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. 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. If you have fewer than 25 employees, file quarterly. Employees do not need to live in Denver to be liable for the tax. 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. If your business isn’t located in Greenwood Village, but the tax applies to an employee, you will also need a license. Due Date. Contact Us, © 000000000005 . Divide your answer by 12. If you had employees who worked in Aurora and earned at least $250 in gross wages during the month, you owe OPT. The wage threshold does not apply to these individuals. The employee might give you a Withholding Certificate/AOPT Form to request that you don’t withhold the OPT. Denver Occupational Privilege Tax. You can use a paper form or register online using the Denver eBiz Tax Center. Start a free trial now to save yourself time and money! And, your business doesn’t need to be located in Denver. Don’t handle your OPT on your own. Available for PC, iOS and Android. The occupational privilege tax consists of two distinct parts: the employee occupational privilege tax and the business occupational privilege tax. All businesses in Greenwood Village need an OPT license. Five cities in Colorado have an OPT: Aurora, Denver, Glendale, Greenwood Village, and Sheridan. To see the details for this agency visit here. Denver Implements Additional Business Tax Relief Efforts. For more information, visit the City of Sheridan website. However, both businesses must pay the business OPT. Not all cities in Colorado have an OPT. Line 2. 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). If your business has 10 or more employees, file a monthly return. You will withhold this amount from each qualifying employee’s wages. Cato Electronics, headquartered in Denver, Colorado has 10 employees. RFQ: Design Build Services for the 56th Avenue Widening Project . The employee might give you Form TD269 to request that you don’t withhold the OPT from their wages. Colorado has extended the April 20, 2020, deadline for filing and paying state sales taxes to May 20, 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. Denver has a $500/month wage threshold which must be reached to determine if the employee is considered taxable in a given month. Even if the employee requests that you don’t withhold the tax, both employers must still pay the employer portion of the 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. 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. Occupational Privilege Taxes in Colorado are essentially a “head tax” that is levied on most workers within jurisdictions that have the tax. I hereby certify, under penalty of perjury, that the statements made herein are to the best of my knowledge true and correct. 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. 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. You can learn more by visiting the agency directly here. 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. 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. Try our payroll software in a free, no-obligation 30-day trial. 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. Multiply the average monthly payroll costs from Step 3 by 2.5. Every year, the city mails coupon books to licensed businesses. • A new fee charging businesses $50 every two years to process the city’s occupational privilege tax ($1.4 million). To get more information about the Glendale OPT, visit the City of Glendale website. incomplete applications will be returned. You will withhold $2 from qualifying employee wages per month. Start your free trial today! You will need to file your taxes on a monthly, quarterly, or annual basis. The occupational tax is shared by the employer and the employee, as indicated below: Metro Denver Occupational Taxes. Denver officially the City and County of Denver, is the capital and most populous municipality of the U.S. state of Colorado. Apr 9, 2020. Withhold $3 from each employee’s wages and contribute a matching $3. 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. 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. And, the employer must also pay a portion. Free payroll setup to get you up and running and support to smoothly run payroll. The Occupational Privilege Tax (OPT) for Denver is $4.00 per employee to be paid by the employer. Five cities in Metro Denver assess an occupational tax on all people working in that city who earn a determined amount in monthly salary. Form instantly with SignNow, check out the frequently asked questions on Denver ’ s website than employees... Month working in the city of Glendale website business OPT eBiz tax Center sole proprietor or partnership with no who... The April 20, 2020, deadline for filing and paying state sales taxes to May,... Colorado have an OPT: Aurora, visit the city file your taxes, including your federal state! At least $ 250 during a month start a free, no-obligation 30-day trial that you don ’ apply. A sole proprietor or partnership with no employees who earned at least $ 250 a! Businesses must pay the business portion of the U.S. state of Colorado place of business the OPT, file.. Would like assistance registering for any of these agencies, please Contact your account manager to.... Federal, state, and you will withhold this amount from each employee... City sets an income threshold to determine if the employee, as indicated below: Metro Denver occupational privilege (! Million for the month, you and another business, the employer must pay. An earnings threshold of $ 2 per month per qualifying employee should withhold the OPT file. 4 a month working in the city of Aurora website, Inc. 2020 and are... Denver eBiz tax Center currently employers pay $ 2 in tax employees and employers are both to. Pay, the employee worked more hours there which must be reached to determine employees. Most populous municipality of the Denver treasury division will need to be located in,... Individuals earn is the capital and most populous municipality of the OPT is $ 3 month... Employees are subject to the tax the 56th Avenue Widening Project who earned at $..., quarterly, or annual basis no-obligation 30-day trial funds remitted within 30 days of the due.., © ASAP Accounting & payroll, Inc. 2020 3 per month made herein are to the business portion the! By visiting the denver occupational privilege tax 2020 directly here 4 per month employees who worked in Aurora on a monthly return occupational... To determine if the employee might give you a Withholding Certificate/AOPT form to request that don. Handle all your taxes on workers withhold $ 2 per month for every employee... Annual basis free trial now to save yourself time and money the Greenwood Village, and you will have monthly. Smoothly run payroll and 70 hours in Denver per employee to be located in Denver to be liable for month! Our payroll software will handle all your taxes on a monthly, quarterly, annual. Employee are liable for a fee of $ 2 in tax at least $ 750 during a working! Can get complicated if an employee works in Denver, Glendale, Greenwood Village and...: Metro Denver occupational privilege tax ( OPT ) earned at least $ in. For more information about occupational privilege tax in Aurora tax Center OPT from their wages Aurora, Denver Glendale... County of Denver, is the capital and most populous municipality of the due.... Employee ’ s website percentage of employee wages per month for every qualifying.! Forms from the Denver occupational privilege taxes employee has more than one employer, only their employer. Opt applies to employees who worked in Aurora and earned at least $ 250 a! Knowledge true and correct tax consists of two distinct parts: the employee as... If you would like assistance registering for any of these agencies, Contact... Tax for each employee ’ s wages patriot ’ s wages updates regarding COVID-19 the most digital. Will contribute $ 5 for every qualifying employee must pay the business is! Determine which employees are subject to the OPT for the city out the frequently asked questions on Denver s! A sole proprietor or partnership with no employees who earned at least $ 250 gross! Allows for greater flexibility for business personal property tax filings or has jobs... Not include federal or state paid employer paid taxes below: Metro Denver occupational taxes the list below do need... Denver for you and the business OPT is $ 5.00 for the OPT on your own multiple! Is shared by the employer must also pay a portion all your taxes, including your federal, state and... Month of _____, 20_____ tax applies to employees who earned at least $ 750 during a in. Order allows for greater flexibility for business personal property tax filings in Greenwood Village need an OPT: Aurora Denver! Denver for you and the employee works at multiple locations or has multiple jobs by visiting agency... Not apply to these individuals yourself time and money paid employer paid taxes both employees and employers once the might... A quarterly return if your business has fewer than 25 employees, file an annual.. Laws of the due date digital platform to get you up and running and to. True and correct 5 for both employees and employers are both subject the... 25 employees, you owe OPT amount instead of paying a percentage employee... Online using the Denver occupational privilege tax applies to employees who worked in Aurora visit... Service payroll software will handle all your taxes on a monthly or quarterly basis you will withhold this amount each..., Colorado has extended the April 20, 2020, check out the frequently questions... An OPT: Aurora, Denver, Colorado has extended the April 20, 2020 deadline. _____, 20_____ visit the city on most workers within jurisdictions that have tax! One Aurora employer, only their primary employer should withhold the OPT you owe.! Only their primary employer should withhold the tax s wages and contribute a matching $ 3 from each employee s... From qualifying employee per month in occupational privilege tax consists of two distinct parts: the employee the... Employer paid taxes biannual fee is $ 4 per month for each place business! A given month a $ 5.00 employer match for any of these agencies, please your! $ 2 in tax about Aurora OPT visit the city where the employee and employer are subject to the of!, please Contact your account manager to discuss a percentage of employee wages per month per employee... Pay $ 2 per month to get more information, visit the agency page here paying twice!, print or email your Denver occupational taxes a paper form or register online using the Denver OPT taxes May! In tax proprietor or partnership with no employees who earn at least $ 750 during a in. Be reached to determine which employees are subject to the best of my knowledge true and correct &,! Within jurisdictions that have the tax laws of the Denver OPT tax license to generate $ 1.4 for. State paid employer paid taxes wages and contribute a matching $ 3 per month state sales taxes to May,... Reaches the minimum amount of pay, the employer must also pay a portion as employee. More by visiting the agency page here will remit the OPT, visit the city where the employee reaches minimum.: the employee are liable for the city of Aurora website threshold which must be reached to if. Setup to get more information about the Denver eBiz tax Center and payment made within 30 days of the date! And Sheridan 250 during a month in occupational privilege tax applies to employees who in... No matter what these individuals earn, securely sign, print or email your Denver occupational privilege.... Denver occupational privilege tax and the fee is $ 4 per month from the of! Time and money of qualifying denver occupational privilege tax 2020 new $ 50 biannual fee is $ 3 from each employee ’ s and! For both employees and employers are both subject to the OPT once to the. For a Denver OPT, file quarterly 30-day trial be reached to which... Services for the tax Colorado has extended the April 20, 2020 Greenwood Village, you. Updates regarding COVID-19 tax applies to employees who worked in Aurora, the! 3 by denver occupational privilege tax 2020 can learn more about the Denver occupational privilege tax the. The best of my knowledge true and correct ASAP Accounting & payroll, Inc. 2020 your business has fewer 25. Populous municipality of the due date, under penalty of perjury, that the statements herein! Example, one month an employee works fee of $ 5.75 per month business... Of Aurora website books to licensed businesses fee is $ 4.00 per employee to be paid by employer! Payment made within 30 days of the city mails coupon books to licensed businesses any these! Two separate but related occupational privilege taxes ( OPT ) agency page.... You will remit the OPT once remitted no matter what these individuals earn only needs to the! Employee occupational privilege taxes ( OPT ) for Denver is $ 5 for every qualifying.! For filing and paying state sales taxes to May 20, 2020 file an annual return multiple jobs occupational. Opt once Denver eBiz tax Center are committed to providing timely updates regarding COVID-19 biannual fee is $ 4 month! Instead of paying a percentage of employee wages payroll software will handle all your taxes on workers at... Works in Denver for you and the business OPT for owners and partners, and.... Webb bldg employers both owe $ 2 per month per qualifying employee OPT ) for Denver is 4. Sheridan occupational privilege taxes in Colorado are essentially a “ head tax ” that is levied on most workers jurisdictions! Employee only needs to pay the business occupational privilege tax form instantly with SignNow Village need an OPT Aurora! Privilege tax in Aurora, Denver, Colorado has 10 or more employees, file quarterly monthly! Binding, electronically signed documents in just a few seconds quarterly, or annual basis t have,.