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Household Payroll & Taxes

2016 Minimum Wage Changes

2016 Minimum Wage Changes

Under the Fair Labor Standards Act (FLSA), employers – including household employers – in all states must pay their employees at least the state's minimum wage. This wage rate often changes at the beginning of a new year, so it's important for families with domestic...

Client Referral Incentive

Client Referral Incentive

Spread the word. Enjoy the perks! Do you know someone who would benefit from managing their household payroll, tax, and insurance obligations through GTM Payroll Services? We have a great new client referral incentive for you and your friend. Simply let us know about...

Nanny Tax Threshold for 2016

The Social Security Administration (SSA) announced yesterday that the nanny tax threshold for 2016 will increase to $2,000, up from $1,900 this year. This affects all employers of domestic workers - if you pay your employee at least $2,000 in 2016, you are required to...

IRS Publications for Homeowners

Here is a library of IRS publications for homeowners, covering many issues of concern. Title Publication Number Description Home Mortgage Interest Deduction 936 Includes general information on home mortgage interest, including points, how to report deductible interest...