People who hire household workers, like gardeners, caregivers, housekeepers, etc., will pay an employment tax called the nanny tax. The threshold for the 2023 tax year is $2,600, and...
Posted by KLSM CPA Firm PLLC on 05/27/2023
Learn what to do when you have not been paying your estimated quarterly taxes, especially when you may not be able to pay all your owed taxes at once.When it comes to paying federal...
Posted by Taxes Made EZ Inc on 08/24/2022
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...
Posted by Taxes Made EZ Inc on 03/09/2021
If you have hired a gardener, nanny, cleaner, or other types of worker for household work, the law requires you to pay state and federal payroll taxes. This article sheds light on...
Posted by Stevenson Tax and Accounting, Inc. on 03/01/2021
The Federal Insurance Contributions Act (FICA) and the Federal Unemployment Tax Act (FUTA) imposed taxes on employers in Puerto Rico. If you’re an employer, then you’ll...
Posted by Wright Tax and Accounting Solutions on 01/24/2019
The first thing which you need to know is what exactly are nanny taxes and after that we can proceed further in this article. A nanny tax is a kind of government tax which people who...
Posted by rinehimerbaker on 10/26/2018
For many individuals in the baby boomer generation, there is the need to care for their parents, often while still raising their own families. While these expenses may make the budget...
Posted by BULLARD & ASSOCIATES on 04/25/2016
If you have household employees, there are separate taxes and guidelines you need to follow to file. The IRS defines a household employee as someone you hire to do household...
Posted by Donna J Ward, CPA on 02/06/2016
If you are a household employer, it is wise to consult a proper Tax Preparer or accountant to assist you with filing your taxes. Guy La Monica, and his team at RKL Tax Service LLC...
Posted by RKL Tax Service LLC on 02/06/2016
