Minimum Wage Increase
Effective Jan. 1, 2014, the Colorado minimum wage will increase to $8.00 per hour from $7.78 per hour. Payroll will adjust hourly rates for all current employees who are making less than $8.00 per hour. No paperwork is needed for current employees.
EPAF Originators should make a note of this and submit new employees at the new rate of $8.00 or higher.
For more information, please visit: http://www.colorado.gov/cs/Satellite/CDLE-LaborLaws/CDLE/1250083027822
Your 2013 W2 Wage and tax statement is now available on Banner Self Service! You may access this information by logging into URSA ttps://ursa.unco.edu/cp/home/displaylogin and selecting the Employee tab and then Link to Banner Self Service. You will then select the Employee option and then Tax Forms.
As of 2012, The Affordable Care Act requires employers to report the cost of coverage under an employer-sponsored group health plan. This means that you will see an amount in box 12DD on your W2 if you have Medical, Dental, or Vision plans with UNC. This amount is the sum of the employee and employer costs of your coverage. For more information on this law, please visit http://www.irs.gov/.
Note-Payroll will still provide a paper W-2’s to those who still prefer to get their W2’s in the mail. These will be mailed out the week of January 31st, 2014.
Get a Break This Tax Season!
Attached is a guide for Free tax help (from Piton Foundation EITC Campaign) that is available to our employees: PDF