Best Accountants in Westminster, CO

Both the federal government and individual states require that certain posters be displayed in the workplace. For federal requirements please visit this page, which includes an interactive application that will show you which posters are required by law for your business. State of Colorado requirements can be viewed here.

Laws differ from state to state, but in all states, employees must receive overtime pay for hours worked over 40 in a workweek. In Colorado, overtime also must be paid for hours worked over 12 in a workday.

No. Employees are not allowed to waive their rights to fair wages under the Fair Labor Standards Act, regardless of an agreement or contract. All non-exempt employees must be paid overtime for hours worked in excess of 40 per week. Please note that individual states may have additional requirements.

Wages must be paid on a regular basis and at least monthly. Colorado requires that all employees be paid within 10 days of the last day of the pay period. Laws of other states may be different.

No. All tips in excess of $20 per month must be reported to you as the employer. All tip earnings, regardless of the monthly amount, must be claimed as income and taxed accordingly. For more information, please visit here.