GTM Household Blog
Billions of dollars in tax revenue is lost each year in unpaid “nanny taxes.” The IRS is taking notice of the nanny tax compliance issue and could be putting household employers on alert.
Seattle’s Domestic Workers’ Bill of Rights extends a number of labor protections to nannies, senior caregivers, and other in-home employees.
There are several nuances to California domestic employment tax, wage, and labor laws that can trip up many household employers. Here’s how to stay compliant with the law.
Setting up a QSEHRA for your nanny will help them pay health care costs including insurance premiums, copays, deductibles, and more. And it’s tax-free!
With Form I-9 audits on the rise, household employers are strongly encouraged to review their compliance practices as soon as possible to avoid costly fines.
To reduce accounting issues, the risk of penalties and dual reporting, household employers should avoid filing Form 941 and use Schedule H instead.
Don’t wait for National Insurance Awareness Day! Household employers should check their compliance with the various coverage laws in their state. Not having the proper coverage can lead to thousands of dollars in fines and penalties and possible lawsuits.
Effective July 1, 2018, the minimum wage will increase in a number of states and localities. Domestic workers like nannies must be paid at least the highest hourly minimum wage of federal, state, and local rates.