Household Employee Tax Compliance: We assist in ensuring full compliance with tax laws related to household employees, such as nannies, housekeepers, and gardeners. This includes understanding and fulfilling your obligations for Social Security, Medicare, Federal Unemployment Tax (FUTA), and state employment taxes.
Schedule H Preparation: Our expertise in Schedule H ensures accurate reporting of taxes related to household employment. We meticulously calculate and report Social Security, Medicare, and withheld income taxes, as well as any applicable federal unemployment taxes.
Employer Identification Number Assistance: If you don't have an Employer Identification Number (EIN), we assist you in obtaining one, which is necessary for reporting taxes for household employees.
Payroll and Tax Withholding Guidance: We provide guidance on setting up and maintaining a payroll system for your household employees, including advice on withholding the correct amount of taxes.
Tax Liability Management: We help you understand and manage your tax liabilities as a household employer, including preparing for any quarterly or annual tax payments.
Record-Keeping Assistance: Proper record-keeping is crucial. We assist in maintaining comprehensive records of employment taxes, payments, and any other required documentation.
Audit Support: In the event of an IRS audit, we provide expert support and representation, leveraging our knowledge of household employment tax issues.
Consultation on Employment Law Compliance: We offer consultation on related employment law compliance, such as verifying employee work eligibility and understanding any applicable labor laws.
Ongoing Advisory Services: Beyond the tax season, we provide ongoing advisory services to address any changes in your household employment situation and how they might affect your tax obligations.
Our goal is to offer comprehensive, hassle-free tax services for individuals with household employees, ensuring accurate, timely, and compliant tax preparation and planning.
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