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New York Household Employer: Pay Rate Notice Required January 2013

Posted by HomeWork Solutions on 12/18/12 5:00 PM

New York State Law requires all private employers to provide written notice to employees of their rate(s) of pay and designated pay day on an annual basis. Notice must be provided between January 1 and February 2 2013. NYS' FAQ on the Wage Theft Prevention Act specifically states that an employer may not choose another time of the year to provide the notice!

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Topics: nanny payroll, domestic workers bill of rights, calculate nanny payroll tax, nanny employee, household payroll tax, new york household employment, nanny work agreement

Nanny Payroll Update – San Jose (California) Minimum Wage Increase

Posted by Vanessa Vidal on 11/13/12 5:03 PM

San Jose’s Measure D, which will increase the current city’s minimum wage from $8 to $10 per hour effective March 2013, passed with overwhelming voter support. 

San Jose is now one of the two cities in California whose minimum wage has gone up independently of the state's.  San Francisco has enforced its own minimum wage for many years.  There are only a handful of other cities nationwide that set their own minimum wages: Washington, D.C., Santa Fe and Albuquerque, N.M.

Household employers in San Jose whose pay their employees minimum wage need to adjust their salary to reflect this new rate in March 2013.

Stay tuned for more updates from The Nanny Tax Experts.

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Topics: nanny income tax, nanny payroll tax, calculate nanny payroll tax, household payroll tax, california household employment

NANNY TAX UPDATES - HURRICANE SANDY

Posted by Vanessa Vidal on 11/7/12 5:44 PM

IRS and states recently affected by Hurricane Sandy will extend tax deadlines and waive some penalties to tax payers affected by this natural disaster.

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Topics: nanny income tax, nanny payroll tax, nanny tax, household payroll tax, nanny tax compliance

Virginia Extends Quarterly Nanny Tax Filing Deadline

Posted by Vanessa Vidal on 11/1/12 5:30 PM

Tax Commissioner Craig M. Burns has announced that Virginia will provide a penalty waiver to those individuals and businesses affected by Hurricane Sandy. This penalty waiver applies to any late returns filed or payments made by affected taxpayers between October 29, 2012 and November 9, 2012. To notify the Department of Taxation that you were affected by Hurricane Sandy, you must write “Hurricane Sandy” at the top of your return. The Department of Taxation will then abate any late-filing or late-payment penalties that would otherwise apply.

To qualify for this penalty waiver, taxpayers must be unable to meet their filing obligations because the financial books and records they need to file their taxes are unavailable because of hurricane damage or power outage.

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Topics: nanny payroll tax, household payroll tax

Kentucky Tax Amnesty - Household Employers Included

Posted by Vanessa Vidal on 10/23/12 8:18 AM

Kentucky Tax Amnesty

If you are a Kentucky resident and have unpaid state taxes, penalties, fees and interests … we may have good news for you!

The Kentucky Department of Revenue has put in place a Tax Amnesty Program.  Tax payers with past due bills from December 1, 2001 to October 1, 2011 have the opportunity to clear their delinquencies and start over with the department. 

From October 1st 2012 to November 30th 2012, you can apply for Tax Amnesty from the Kentucky Department of Revenue.   Your situation will be evaluated and if you qualify, you will only owe the past due taxes and half of the interest on your bill.  Any penalties and half of your interest will be waived. 

This isa one time only program for Kentucky; don’t let this opportunity slipthrough your fingers.  This program is open for Household Employers as well. There is no second chance, after the November 30th deadline, you will not only be unable to apply, but penalties, fees and interest will also increase. 

For more information, visit the KY website: http://www.amnesty.ky.gov/


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Topics: nanny payroll tax, household payroll tax

Rhode Island Tax Payer Amnesty Program - Household Employer Included

Posted by Clare Sheridan on 8/21/12 5:05 PM

Rhode Island kicks off tax amnesty program.  If you are a Rhode Island tax payer and are delinquent on any states taxes, you will soon have an opportunity to come current on your taxes without having to pay any penalties.  The Rhode Island Department of Taxation announced the amnesty program in its most recent newsletter, joining a handful of states offering amnesty to individuals and/ or businesses.

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Topics: nanny payroll tax, nanny taxes, household payroll tax, nanny tax compliance

Nanny Taxes: Understanding FICA

Posted by Vanessa Vidal on 7/25/12 3:18 PM

Social Security and Medicare, collectively known as FICA taxes, are a mystery to many domestic employers. Who is liable for them, how are they paid, and where are they reported are just some of the questions that plague domestic employers. While both taxes are calculated as a percentage of the gross wages, the employee’s portion of Social Security is 4.2% (for 2011 and 2012 only) while the employer’s portion is 6.2%, and both the employer and employee’s portion for Medicare is 1.45% of the gross wages.

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Topics: nanny tax, calculate nanny payroll tax, household payroll tax, nanny tax compliance

Trust Company Liable for Non-payment of "Nanny Taxes"?

Posted by Kathleen Webb on 7/10/12 4:56 PM

Reprinted from March 2007

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Topics: elder care, household payroll tax, payroll tax enforcement

2011 Household Employer's Schedule H Updates

Posted by Kathy Webb on 2/6/12 8:35 AM

The Form 1040 Schedule H is the vehicle that household employers use to report wages paid and employment taxes due for household workers. This form is a bit more complex for 2011 due to 2 significant events.

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Topics: nanny payroll tax, nanny taxes, household payroll tax

Nanny Paychecks: Payroll Tax Holiday Extended (Maybe)

Posted by Kathy Webb on 12/17/11 10:00 AM

Monday December 19, 2011 Update: What appeared a certainty two days ago is suddenly in jeopardy today. The House of Representatives is poised to reject the Senate's 2 month extension of the payroll tax holiday - insisting on a bill that funds the extension for a full year. We are watching this...

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Topics: nanny payroll, nanny payroll tax, domestic employer legal responsibilities, household payroll tax, household paycheck calculator

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