If you are an employer in Greenwood Village, Colorado, it is important to be aware of the local payroll tax requirements for businesses operating in the city. These requirements may include registering your business with the city and withholding a certain percentage of your employees' wages for local taxes.
How to Register for Payroll Tax in Greenwood Village
Greenwood Village, Colorado Local Occupational Privilege Tax Setup for
Corporation, LLC, LLP
All businesses located in Greenwood Village, or who have employees working from Greenwood Village, must obtain an Occupational Privilege Tax License. Those with employees working long-term in the Village for construction projects or temporary placement agencies are also subject to getting an Occupational Privilege Tax License. Note: A one-time application fee of $10 is required at the time of licensing and annual license renewal is not necessary. 501(c)(3) nonprofit organizations may qualify for exemption from paying the employer portion of the Occupational Privilege Tax by providing a copy of the IRS tax-exemption determination letter.
Apply for an Occupational Privilege Tax License
Complete the Occupational Privilege Tax License application online.
Sign up for Online Tax Payment
Sign up for Xpress Bill to remit the occupational tax withheld.
Mail IRS Determination Letter (Nonprofits Only)
501(c)(3) nonprofits must mail a copy of the organization's IRS tax-exemption determination letter to the City of Greenwood Village.
Managing a nonprofit organization comes with specific obligations. Beyond furthering your mission, compliance is an important administrative duty supporting everything you do. Whether fulfilling state-specific registration requirements or filing documents with the IRS, nonprofit compliance guarantees your company keeps its tax-exempt status and runs legally.
Compliance is not a one-shot event. Nonprofits have to handle two sets of rules: federal and state. State-by-state, the criteria vary greatly and span anything from company licenses to charity soliciting registrations.
An employee handbook is a comprehensive guide that benefits both employers and employees. It does this in several ways. Employees gain clarity on expectations, company policies, and their available benefits. Employers establish a framework for consistent workplace practices and minimize the risk of misunderstandings.
The growing popularity of remote work, multi-state operations, and ever-changing employment laws elevate the importance of a well-crafted handbook. Understanding and adhering to the intricacies of state-specific variations, like paid sick leave or overtime eligibility, is essential for ensuring compliance.
An employee handbook might sound like another checkbox on your business’s to-do list, but it’s much more than that. It’s a resource that defines the foundation of your company — setting expectations for employees, outlining key benefits, and keeping everyone aligned with the organization’s values.
At its core, an employee handbook ensures compliance, clarifies company policies, and keeps employees and management on the same page.
Let’s explore why having one is essential, how it can positively impact your business, and how Mosey can help you manage state compliance.
Kaitlin Edwards |Nov 17, 2024
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