According to the law, every employer needs to pay the federal government's employment tax for all employees they hire. The federal employment tax comprises Medicare tax, social...
Do you know if you are considered a household employer? If you've just hired a caregiver, babysitter, housekeeper, or someone else to help you around the house, then there is a...
A household employment tax allows everyone that hires a nanny or a gardener, to name a few, and pays them above $2,200 every year, to pay household employee taxes for their worker....
Posted by Tucker Accounting Services LLC on 01/13/2021
To help working parents cope with the rising costs of care, Congress approved the credit to care for children and dependents. The loan allows working parents to reduce their tax obligations...
Business owners have specific rules and guidelines associated with filing their taxes. Running a daycare can be expensive, and the IRS offers incentives for the expenses incurred....
Some people hire household employees like maids, babysitters, gardeners, caretakers, janitors, cooks, butlers. These are household employees that perform domestic service around the...
It is not very uncommon that many parents hire someone, in order to take care of their kids for a couple of hours or date nights after school. However, many parents or families do...
Posted by Asharp Bookkeeper on 01/13/2016