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
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
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...
The relationship between the community and theme parks are usually pretty smooth because of both benefits from one another. The parks hire a lot of people to work for them and their...
Posted by Advantage Tax Service on 09/24/2018
Anaheim ends tax breaks for Disneyland Resort? Is it right decision? Anaheim City Council has voted to end the agreements which provide Disneyland Resort the tax breaks to invest in...
Posted by Esther N. Phahla, CPA, A Professional Corporation on 09/14/2018
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...
What is a household employee? If you have hired anyone to do housework or child care in your home, then you may have hired a household employee. This person is your employee, instead...
Employees are the lifeblood of any business. They are the very fuel that keeps a business running and earning profits along the way. The strength of the employees is a sign of prosperity...