Here are some of the key tax-related deadlines affecting businesses during the first quarter of 2018. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Most of these are for you independent CPAs and/or those working with clients’ businesses. Household employer tax deadlines vary by state.

HomeWork Solutions clients can count on the W-2 being filed correctly. If you or your clients are making any filings other than Forms W-2 from the below list for household employer taxes please give us a call. We love to educate on household payroll tax filings.

If you itemize your deductions when you’re filing taxes, you may be able to deduct certain expenses that were paid to your in-home caregiver. If you are trying to determine what portion of in-home caregiver expenses can be deducted, there are several stipulations that you should know about. As always, do consult a qualified personal income tax preparer to help with the details, but here is a quick guide to some caregiver tax deductions.

As mentioned in Family Office Hot Topics, technology is becoming a huge part of the family office day-to-day routine. Reporting systems can give families and advisors access to real time data anywhere in the world and security concerns associated with cloud services are all but gone. Modernizing how your office does business is especially important as second and third generations start their own families; everyone knows how we millennials like our screens and instant gratification! Donny Shimamoto (Intraprise Technologies) gave us a good overview of how to integrate new technologies into the family office.

If you’re considering hiring a nanny and you’re determining how much you want to pay, you should also factor in the cost of hiring a nanny payroll service that will have your back. A partner to help make sure you have everything covered in terms of payroll, taxes, and benefits. By hiring a nanny payroll service that you can trust, you’ll have peace of mind that hardworking payroll specialists are working to make sure you have everything in order the first time, so there are no surprises when it comes to tax time.

On December 20th, Congress passed the largest federal tax reform law in more than 30 years. Commonly called the “Tax Cuts and Jobs Act” (TCJA), the new law means substantial changes for individual taxpayers and businesses alike.

We’ve broken down some of the key provisions for both.

When you’re away at work, you want someone that can take care of your kids with love, attention to detail, and the utmost care. Finding the right person for this job can be quite a task and many times, it can be expensive. Have you considered a nanny share? A nanny share allows you to hire the nanny you want, for the price you can afford, because you are sharing the nanny and costs with another family.

Every year there are a host of changes to labor law and reimbursement rates that impact nanny household payroll. Below please find a quick overview of the significant changes that go into effect for nanny taxes 2018.

Randy Abeles (RSM) and Eric Johnson (Deloitte) teamed up to talk about current issues faced in family offices. Both of them work closely with family offices and deal with these topics on a regular basis. Like most of the other sessions I attended, this one focused heavily on advising family offices to treat themselves like a regular service providing business.

As an employer, you want to make sure your nanny feels valued and appreciated, so in addition to paying her a fair wage, it’s great to consider some additional benefits that you could provide that are tax-free. Household employees are eligible to receive non-taxed benefits and reimbursements, but some do have limits and procedures associated with them. Here, we will provide a few options for non-taxed benefits that you may be able to provide.