Colorado Payroll Instructions

Payroll Links

Goldenseal Payroll Software Info

US Federal Withholding Tables

Free 2019 Payroll Tax Table Updates

Other Links

Turtle Creek Software provides free federal and state withholding tax table updates around the first of each year. Click here to download free updates for Colorado and federal payroll tax tables.

Colorado has state income tax withholding, using the a set of very simple "stepped" payroll tax tables with just one cutoff amount. Withholding formulas did not change in 2019 (rates have changed ten times in the past 29 years, almost exclusively in odd years).

Colorado State Withholding Instructions

To enter withholding information for an employee in your Goldenseal company file, follow these steps:

  1. Choose Employees from the Accounts menu.
  2. Locate the employee record.
  3. Click the Payroll Setup button.
  4. Enter the employee's marital status into the Marital Status field (see note below).
  5. Enter the number of federal dependents into the Federal Exemptions field.
  6. Enter the number of Colorado state dependents into the State Exemptions field.
  7. Enter the Colorado Tax Package into the Tax Package field. HINT-- If you don't see it in the list, you'll need to import the tax info first.
  8. Click OK.

Colorado State Unemployment Tax Instructions

Colorado Unemployment Insurance tax is based on the first $13,100 of annual wages for each employee (2019 rate, an increase over the $12,600 cutoff that was used in 2018). The starting rate is 1.77% for new businesses in general construction (higher for "heavy" construction, slightly lower for most others). After the first year, the Colorado SUTA tax rate is recalculated, based on your past payroll totals and unemployment claims filed by your employees.

To enter your Colorado SUTA tax rate into the Goldenseal payroll software, follow these steps:

  1. Choose Payroll Setup from the Costs menu, and choose Tax Items from the submenu.You'll see a list of Tax Items. Locate the Colorado SUTA tax in the list, and double-click on it. HINT: If you don't see Colorado SUTA in the list, you'll need to import the Colorado tax tables first.
  2. Enter the percentage rate that you pay into the percentage field to the right of Calculation method.
  3. If the cutoff amount has changed, enter it into the dollar field to the right of First Adjustment.

Colorado Marital Status

Use the following to determine the value for the Marital Status popup menu in each Employee account:

  • Single- single employee with one personal exemption
  • Married- married employee with two personal exemptions
  • Dual Income- married employee with one personal exemption
  • Head of House- employee claims Head of Family status
  • Other- not used.

Colorado Tax Contacts

Withholding tax website

Payroll Tax Office-- 303 238-7378
SUTA rate info-- 303 837-3819
Worker's Comp-- 303 764-2929

Colorado Department of Revenue
404 Capitol Annex 1375 Sherman St Denver CO 80261

Little Known Colorado Tax Fact

Contrary to popular opinion, Colorado residents are not allowed to claim marijuana plants as dependents.

Official State Lawn Ornament

Fracking rig.