by Trevor Sparks | Mar 30, 2023 | Hiring an Employee, Household Payroll & Taxes, Newsworthy
The International Nanny Association just released its latest Salary and Benefits Survey and the trends show that more and more nannies are being paid legally and gaining the standard benefits found in traditional workplaces. This means families may find it increasingly difficult to hire a nanny “off the books.” Here are our seven observations from the survey.
by Trevor Sparks | Feb 13, 2023 | COVID-19, GTM Blog, Newsworthy
In an effort to help populations that had difficulties accessing and qualifying for federal relief during the COVID-19 pandemic, the city will award payments to up to 7,000 household employees who meet eligibility criteria.
by Trevor Sparks | Dec 28, 2022 | GTM Blog, Newsworthy, Tax & Wage Laws
The IRS is delaying the implementation of a new tax reporting threshold for mobile payments that was set to take effect for the upcoming tax filing season. Here’s what it means for babysitters and household employees.
by Trevor Sparks | Dec 8, 2022 | Household Payroll & Taxes, Newsworthy, Tax Season
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.
by Trevor Sparks | Nov 11, 2022 | Household Payroll & Taxes, Labor Laws, Newsworthy
Here are several important paid family and medical leave updates that impact household employers for 2023.
by Trevor Sparks | Oct 27, 2022 | GTM Blog, Newsworthy
The IRS recently announced tax year 2023 annual tax inflation adjustments, including tax rate schedules. These adjustments generally apply to tax returns filed in 2024. Here are some of the other highlights.