1-800-NANITAX (800-626-4829) Enroll Now Log In
As a CPA, your expertise is unparalleled, but staying abreast of every niche area of accounting can be overwhelming. Industry-specific laws and regulations, especially those governing household employees, are complex and ever-evolving. This is where outsourcing can make a significant difference, relieving you from the burden of constant learning and allowing you to provide more comprehensive service to your clients.
Topics: household payroll, CPA, schedule H
If you hire individuals to work in your home, such as nannies, senior caregivers, or housecleaners, you are likely a household employer in the eyes of federal labor and tax authorities. This employment relationship means you're responsible for filing the proper taxes and providing the necessary paperwork to your employees if you pay them over $2,700 for the year (updated for 2024).
Topics: household employer, nanny tax, Senior Caregiver Payroll, domestic worker, caregiver tax, schedule H, household employment, homework solutions