by Trevor Sparks | Apr 30, 2021 | Household Payroll & Taxes, Tax & Wage Laws, Tax Reform
President Biden is proposing unprecedented funding for the IRS to reduce tax evasion and better conduct audits of wealthy Americans. The administration wants to use money raised from cracking down on tax avoidance to help fund the new social programs of the American Families Plan.
by Trevor Sparks | Jan 24, 2020 | Hiring an Employee, Household Payroll & Taxes, Tax & Wage Laws, Tax Reform
The IRS has issued a new Form W-4 to determine how much income tax to withhold from an employee’s paycheck. Here’s what household employers need to know.
by Trevor Sparks | Mar 1, 2018 | Household Payroll & Taxes, Tax Reform
If you withhold income taxes from your domestic employee’s pay, encourage them to use the IRS’ withholding calculator and updated W-4 form to make sure they have the right amount of tax taken out of their paychecks.
by Trevor Sparks | Jan 26, 2018 | Tax & Wage Laws, Tax Reform
Recent tax reform made significant changes to income tax rates, exemptions, deductions, credits, and more. Here are the key provisions that may influence your tax liability under the new legislation.