From a new tax reporting rule to understanding guaranteed hours and banking hours, here are our most popular blog posts of 2022.
Blog Category:
Household Payroll & Taxes
IRS Issues Reminder About New Tax Reporting Rule for Payment Apps
The IRS recently reminded taxpayers about the new tax-reporting threshold when receiving payments through mobile payment apps like Venmo or PayPal. If you receive $600 or more from these third-party payment platforms for work, side jobs, or selling goods, you’ll get a Form 1099-K in January.
4 States with Important 2023 Paid Family and Medical Leave Updates
Here are several important paid family and medical leave updates that impact household employers for 2023.
Qualified Transportation Fringe Benefit Limits to Increase in 2023
The IRS has released its cost-of-living adjustments for employee-qualified transportation fringe benefits for the 2023 tax year.
Minimum Wage Rates for Household Employees Set to Rise this Summer
Summer is a popular time for minimum wage rate increases that apply to nannies and other household employees. It’s important to check the rate you’re paying a household worker to make sure it is not a wage violation. Rates are on the rise in several states and cities across the country.
Should Wealthy Families Fear New Tax Reporting Rule on Mobile Payments?
A new tax reporting rule on mobile payments – aimed at businesses that underreport their income – may be having an unintended impact on wealthy families. Here’s why and how household employers should respond.
How to Choose the Best Nanny Payroll Service in 2022
A nanny payroll service can make your life easier by removing the hassles of payday and taxes. But not all services are created equal. Here’s are six considerations to find the right service for your needs.
How the Child and Dependent Care Tax Credit Helps Families
Child care can be costly but there are a few ways families can cut the expense of child care such as claiming the Child and Dependent Care Tax Credit when they file their personal tax returns. With an expanded credit for this filing season, it is a tax-savings opportunity not to miss.
Massachusetts Household Employer to Pay $27K for Violating Domestic Worker Protection Laws
A household employer in Massachusetts has been ordered to pay nearly $27,000 for violating the state’s wage and hour, overtime, and domestic worker protection laws.
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