CO Family and Medical Leave Insurance (FAMLI)
In 2020, Colorado voters passed proposition 118 instituting a state sponsored and operated Family and Medical Leave Insurance program (FAMLI). As of now, Colorado is one of the eleven states to have passed and implemented such a policy. Most workers will be eligible for the program after having made at least $2,500 [...]
Employee or Independent Contractor?
Classifying a worker as an employee or independent contractor holds significant ramifications in determining tax withholdings, employer tax contributions, benefits, and repercussions for misclassification. Employers are responsible for withholding federal income tax, social security tax, Medicare tax, and state income tax for all employees. Additionally, employers must pay their share of social [...]