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A helpful household employer compliance checklist to ensure you are following current tax and labor laws.
- Ensure that your domestic worker can legally work in the U.S.
- Find out if any state domestic workers’ rights laws apply to your situation.
- Obtain household employer tax IDs (federal and state)
- File a New Hire Report with your state.
- Calculate employee tax withholdings each pay period.
- Track all federal and state employer taxes.
- Manage weekly time cards, prepare, and distribute pay stubs.
- File quarterly state employment tax returns and remit state tax dollars (employee withholdings as well as state employer taxes).
- File federal 1040-ES quarterly and remit federal taxes (employee withholdings as well as federal employer taxes).
- Prepare and distribute Form W-2 annually to your employee(s).
- Prepare and file all required year-end forms with the state and SSA.
- Prepare Schedule H (Form 1040) to file with federal income tax return.
- Monitor tax and labor laws for changes.
- Check to see if you qualify for the Child and Dependent Care Tax Credit.
GTM Payroll Services will provide you with all the guidance and conveniences of a hassle-free nanny payroll service for around $2 a day. Not only will we make sure you are compliant with strictly enforced tax regulations, but we’ll also assume all liability for timeliness and accuracy of reporting, limiting your exposure for a possible audit.
For more information, get a free payroll services quote, visit our Resource Center, or call (800) 929-9213.
