Haven’t been keeping up with your household employment taxes? You could be in for a surprise. As an early gift to you, we’ll help you handle your year-end nanny taxes and maybe get you back on Santa’s nice list.
To reduce accounting issues, the risk of penalties and dual reporting, household employers should avoid filing Form 941 and use Schedule H instead.
Get started now on preparing your nanny taxes. Here are the steps you (or your accountant) need to take when preparing your nanny taxes.