Tuesday, February 26, 2013

Payroll Colorado - Unique Aspects of Colorado Payroll Law and Practice

The Colorado State Agency that oversees the collection and reporting of State income taxes deducted from payroll checks is:

Department of Revenue

State Capital Annex

Payroll Colorado - Unique Aspects of Colorado Payroll Law and Practice

1375 Sherman St.

Denver, CO 80261-0009

800-332-2087

www revenue.state.co.us/

Colorado allows you to use the Federal W-4 form to calculate state income tax withholding

Not all states allow salary reductions made under Section 125 cafeteria plans or 401(k) to be treated in the same manner as the IRS code allows. In Colorado cafeteria plans are: not taxable for income tax calculation; not taxable for unemployment insurance purposes. 401(k) plan deferrals are: not taxable for income taxes; taxable for unemployment purposes.

In Colorado supplemental wages are taxed at a 4.63% flat rate.

You must file your Colorado State W-2s by magnetic media if you are required to file your federal W-2s by magnetic media.

The Colorado State Unemployment Insurance Agency is:

Department of Labor & Employment

Division of Employment and Training

1515 Arapahoe St., Tower 2, Ste. 400

Denver, CO 80202-2117

303-603-8254

http://unemploytax.cdle.state.co.us/

The State of Colorado taxable wage base for unemployment purposes is wages up to ,000.00.

Colorado has optional reporting of quarterly wages on magnetic media..

Unemployment records must be retained in Colorado for a minimum period of five years. This information generally includes: name; social security number; dates of hire, rehire and termination; wages by period; payroll pay periods and pay dates; date and circumstances of termination.

The Colorado State Agency charged with enforcing the state wage and hour laws is:

Department of Labor & Employment

Labor Standards Office

1515 Arapahoe St., Ste. 375

Denver, CO 80202-2117

303-318-8441

http://www.coworkforce.com/LAB/

The minimum wage in Colorado is .15 per hour.

The general provision in Colorado State Law covering paying overtime is one and one half times regular rate after 12 hour day or 40 hour week.

Colorado State new hire reporting requirements are that every employer must report every new hireor rehire. The employer must report the federally required elements of:

Employee's name Employee's address Employee's social security number Employer's name Employers address Employer's Federal Employer Identification Number (EIN)

This information must be reported within 20 days of the hiring or rehiring or first payroll after hire.

The information can be sent as a W4 or equivalent by mail, fax or electronically.
There is no penalty for a late report in Colorado.

The Colorado new hire reporting agency can be reached at 303-297-2849 or on the web at http://www.newhire.state.co.us/ .

Colorado does not allow compulsory direct deposit

Colorado requires the following information on an employee's pay stub:
Gross and Net Earnings Deductions Pay period dates Employee's name or social security number Employer's name and address

Colorado requires that employees be paid monthly or every 30 days which ever is longer.

In Colorado requires that employees be paid no more than 10 days after the end of the pay period.

Colorado payroll law requires that involuntarily terminated employees must be paid their final pay immediately or within 6 hours of the payroll department becoming operational; next day if payroll is offsite. (By mail upon request) Voluntarily terminated employees must be paid their final pay by the next regular payday.

Deceased employee's wages must be paid to the surviving spouse or next legal heir; personal representative if already appointed. After an affidavit showing claimant's relationship to the deceased is presented.

Escheat laws in Colorado require that unclaimed wages be paid over to the state after one year.

The employer is further required in Colorado to keep a record of the wages abandoned and turned over to the state for a period of five years.

Colorado law concerning tip credits against State minimum wage allows a maximum credit of .02 per hour..

In Colorado the payroll laws covering mandatory rest or meal breaks are a 30 minute meal break after five hours and 10 minutes of rest after four hours.

Colorado law concerning record retention of wage and hour records requires a minimun of two years retention.

The Colorado agency charged with enforcing Child Support Orders and laws is:

Division of Child Support Enforcement

1575 Sherman St., 2nd Fl.

Denver, CO 80203-1714

303-866-5994

http://www.childsupport.state.co.us/

Colorado has the following provisions for child support deductions:

When to start Withholding? Within 14 days after receipt of order. When to send Payment? Within 7 days of Payday. When to send Termination Notice? Within 10 days of termination. Maximum Administrative Fee? per month. Withholding Limits? Federal Rules under CCPA.

Please note that this article is not updated for changes that can and will happen from time to time.

Payroll Colorado - Unique Aspects of Colorado Payroll Law and Practice
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Charles J. Read, CPA has been in the payroll, accounting and tax business for 30 years, the last fifteen in private practice. Mr. Read is the author of “How to Start a New Business”.

For Professional Payroll services at a Budget Price go to http://www.PayrollonaBudget.com a Paperless Payroll Company.

Go to http://www.CustomPayroll.com for a full service payroll service bureau with CPA's on staff.

See an excerpt of Mr. Read’s interviews from William Shatners “Heartbeat of America” television show on the websites linked above.

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Tuesday, February 19, 2013

Payroll Louisiana, Unique Aspects of Louisiana Payroll Law and Practice

The Louisiana State Agency that oversees the collection and reporting of State income taxes deducted from payroll checks is:

Dept. of Revenue

P.O. Box 201

Payroll Louisiana, Unique Aspects of Louisiana Payroll Law and Practice

Baton Rouge, LA 70821-0201

(225) 219-0102

http://www.rev.state.la.us/

Louisiana requires that you use Louisiana form "L-4 (R-1300), Employee's Withholding Exemption Certificate" instead of a Federal W-4 Form for Louisiana State Income Tax Withholding.

Not all states allow salary reductions made under Section 125 cafeteria plans or 401(k) to be treated in the same manner as the IRS code allows. In Louisiana cafeteria plans are not taxable for income tax calculation; not taxable for unemployment insurance purposes. 401(k) plan deferrals are not taxable for income taxes; taxable for unemployment purposes.

In Louisiana supplemental wages are required to be aggregated for the state income tax withholding calculation.

You must file your Louisiana state W-2s by magnetic media if you are have at least 250 employees and are required to file your federal W-2s by magnetic media.

The Louisiana State Unemployment Insurance Agency is:

Department of Labor

1001 N. 23rd St.

P.O. Box 94094

Baton Rouge, LA 70804-9094

(225) 342-7690

[http://www.ldol.state.la.us/wrk_owca.asp]

The State of Louisiana taxable wage base for unemployment purposes is wages up to 00.00.

Louisiana requires Magnetic media reporting of quarterly wage reporting if the employer has at least 250 employees that they are reporting that quarter.

Unemployment records must be retained in Louisiana for a minimum period of five years. This information generally includes: name; social security number; dates of hire, rehire and termination; wages by period; payroll pay periods and pay dates; date and circumstances of termination.

The Louisiana State Agency charged with enforcing the state wage and hour laws is:

Department of Labor

1001 North 23rd St.

P.O. Box 94094

Baton Rouge, LA 70804-9094

(225) 342-3011

http://www.ldol.state.la.us/

There is no provision for minimum wage in the State of Louisiana.

There is also no general provision in Louisiana State Law covering paying overtime in a non-FLSA covered employer.

Louisiana State new hire reporting requirements are that every employer must report every new hire and rehire. The employer must report the federally required elements of:

Employee's name Employee's address Employee's social security number Employer's name Employers address Employer's Federal Employer Identification Number (EIN) Employee's occupation

This information must be reported within 20 days of the hiring or rehiring.
The information can be sent as a W4 or equivalent by mail, fax or electronically.
There is a penalty for a late report in Louisiana and 0 for conspiracy.

The Louisiana new hire-reporting agency can be reached at 888-223-1461or on the web at http://www.dss.state.la.us/departments/dss/New_Hire_Registry.html.

Louisiana does not allow compulsory direct deposit

Louisiana has no State Wage and Hour Law provisions concerning pay stub information.

Louisiana requires that employee be paid no less often than semimonthly or biweekly for manufacturing, mining, or public service corporations.

Louisiana requires that the lag time between the end of the pay period and the payment of wages to the employee not exceed ten days after pay period; 15 days for public service corporations.

Louisiana payroll law requires that involuntarily terminated employees must be paid their final pay with in 15 working days and that voluntarily terminated employees must be paid 15 days after they quit.

Deceased employee's wages of ,000 must be paid to the surviving spouse or adult child (in that order) if there is an instrument indicating relationship to deceased.

Escheat laws in Louisiana require that unclaimed wages be paid over to the state after one year.

The employer is further required in Louisiana to keep a record of the wages abandoned and turned over to the state for a period of 10 years.

There is no provision in Louisiana law concerning tip credits against State minimum wage.

In Louisiana the payroll laws covering mandatory rest or meal breaks are only that minors under 16 must have 30 minutes rest after five hours of work.

Louisiana statute requires that wage and hour records be kept for a period of not less than one year. These records will normally consist of at least the information required under FLSA.

The Louisiana agency charged with enforcing Child Support Orders and laws is:

Support Enforcement Services Program

Department of Social Services

P.O. Box 94065

618 Main St.

Baton Rouge, LA 70804

(225) 342-4780

http://www.dss.state.la.us/

Louisiana has the following provisions for child support deductions:

When to start Withholding? Immediately after receipt of order. When to send Payment? Within 7 days of Payday. When to send Termination Notice? Within 10 days of termination. Maximum Administrative Fee? per pay period. Withholding Limits? 50% of disposable earnings.

Please note that this article is not updated for changes that can and will happen from time to time.

Payroll Louisiana, Unique Aspects of Louisiana Payroll Law and Practice
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Charles J. Read, CPA has been in the payroll, accounting and tax business for 30 years, the last fifteen in private practice. Mr. Read is the author of "How to Start a New Business".

For Professional Payroll services at a Budget Price go to http://www.PayrollonaBudget.com a Paperless Payroll Company.

Go to http://www.CustomPayroll.com For a full service payroll service bureau with CPA's on staff.

See an excerpt of Mr. Read’s interviews from William Shatners "Heartbeat of America" television show on the websites linked above.

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Wednesday, February 6, 2013

Drinking and Driving - The Laws in Other Countries

We all know that drinking and driving is a combination of danger; driving under the influence is a cardinal sin of the road. We've listened to the warnings, we've read the statistics, we've watched the after-school specials. We know it's a bad thing to do and yet, some of us do it anyway.

Unfortunately, those who drink and drive often go unpunished: they simply don't get pulled over or noticed by law enforcement. But, those who do get pulled over, who cause an accident, or who are involved in any kind of automobile incident, often get noticed...in hand cuffs.

In the US, the punishment a person receives for drinking and driving is contingent on several factors. Included in this is the state where the offense occurred. While all 50 states have two statutory offenses - driving under the influence and driving with a blood alcohol level of at least .08 - some states charge people for driving with a blood alcohol level of .05. Some states also make it illegal to have open containers in an automobile, where some do not. Most US states take into account the level of intoxication as well as the number of offenses. Based on these factors, some people do jail time, some people lose their license, and some people get off with a fine.

Drinking and Driving - The Laws in Other Countries

Other countries have different laws than the US. Some are more lenient, and some are harsher. In Australia, the blood alcohol content is .05, and lower (.02) for those with learner's permits or new drivers. The punishment for drinking and driving in Australia includes fines, suspension of license, imprisonment, and medical assessment before a driver's license is reinstated.

In certain countries, drinking and driving is punishable by death. A first time offense in El Salvador leads to execution by firing squad, while a second offense in Bulgaria also leads to execution.

In France, drinking and driving is punishable by a 1,000 dollar fine, imprisonment for one year, and loss of license for three years. Finland and Sweden, along France's lines, also automatically sentence drunk drivers to one year jail sentences including hard labor. In Norway, a drunk driver is jailed for three weeks with hard labor and loses their license for a year. If they do it again, they lose their license forever. In South Africa, drinking and driving results in a ten year prison sentence or a 10,000 fine and, in some cases, both.

In Canada, the first drinking and driving offense warrants loss of license for one year and a 600 dollars fine. The second offense warrants two weeks in jail and loss of license for two years. The third offense warrants three months in jail and loss of license for three years. After the fourth, they might just send you to America.

In England, a drunk driver pays a 250 dollar fine, spends a year in jail, and then loses their license for one year. In Russia, drunk drivers simply lose their license for life. Yes, even Russia has laws against drinking and driving.

Some countries are more creative in their attempts to keep the inebriated off the road. Turkey, for example, punishes drunk drivers by taking them 20 miles from their town and making them walk back with a police escort. In Poland, drunk drivers are subject to jail, fine, and, even worse, mandatory attendance at political lectures. In Malaya, if a man is caught driving drunk he is jailed. If he is married, his wife is jailed too. In Costa Rica, the license plates are removed immediately from the cars of those who drink and drive.

Drinking and driving can cost a lot of money, a lot of freedom, and, in worst cases, a lot of lives. In our world of available transportation drinking and driving has no place. Instead of driving drunk, simply take a bus, take a cab, take a subway, or rent a limo. I would say don't even drink, but let's aim for something more feasible.

Drinking and Driving - The Laws in Other Countries
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Jennifer Jordan is a senior editor for http://www.milleniumlimo.com. An avid traveler and sightseer, she has been to a variety of places around the world. She’s also been to Wyoming more times than she cares to count.

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