Small business sales tax license colorado

For businesses that make retail sales in Colorado: if your business makes both retail sales and wholesale sales, then the Retail Sales Tax License allows you to do both. You have one business location where you will make retail and wholesale sales. You have more than one business location where you will make retail and wholesale sales. The sales tax license enables the business to collect sales tax when they resell the items.

For a temporary location other than your regular business location and valid for one event only where there are three or more vendors. This is a two-year license which is free to all standard sales tax license holders. If you are filing taxes after the event and do not have a license, you may use Revenue Online to get the Single Event License and file the return. If you already have a license when you file the taxes through Revenue Online, you may by-pass paying for the license.

If you plan on attending more than one special event, it is recommended you apply for the multiple event license. It covers a two-year period when there are three or more vendors at the event.

Mobile vendors selling out of a truck or other vehicle must have a sales tax license for their main office location. They should add jurisdiction "sites" to their sales tax license. There is no additional fee for these sites. Afterward, the employer can send the forms to the IRS for official filing. This document contains information about the withheld taxes and paid wages for the employees. In by mail, the document must be submitted by the end of each February. If the submission is electronic, the form is not due until the end of March.

Employees should receive copies of Form W-2 by the end of the following January. These following links will lead to resources that provide information and applications for filing W-2 and W-4 forms:. Newly hired employees in Colorado should complete Form I-9, which should be returned the employer within three days of the beginning of employment.

New employees or returning employees should be reported to the Colorado State Directory of New Hires within 20 days after the date of hire. This is the responsibility of the employer. E mployer Requirements 6 Withholding Income Taxes Following the filing process of the 4 th quarter of the current year, employers should continue to track those employment records for at least four years. W-4 and W-2 Forms Employers must request that employees return a completed Form W-4, a withholding exemption certificate.

The retailer who purchases the business may file this form to remit the sales tax due for the tangible personal property acquired as part of the sale. The sales tax is due by the 20th day of the month following the month in which the business assets were sold. If the business purchased was not a retail business, the purchaser is liable for use tax on the purchase price paid for any tangible personal property acquired.

Consumer use tax is reported on form DR If the business purchased was located within a rural transportation authority RTA , the purchaser must also file form DR You can search for the applicable jurisdictions by address at Tax. Buying or Selling a Business.