A CPA’s Guide to Household Employment Compliance

Trevor Sparks

GTM Payroll Services Inc.

  • AFSP
  • CPA
  • EA
  • Tax Preparer
  • CTEC

1 Credit

FREE

Subject Area

Taxes

Webinar Qualifies For

1 CPE credit of Taxes for all CPAs

1 CE credit of Federal Tax for Enrolled Agents ( IRS Approved : GEHNZ )

1 CE credit of Federal Tax for Maryland Tax Preparers

1 CE credit of Federal Tax for Oregon Tax Preparers

1 CE credit of Federal Tax Law for 2021 Annual Filing Season Certificate program( IRS Approved : GEHNZ )

1 CE credit of Annual Filing Season program (AFSP)( IRS Approved : GEHNZ )

1 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273)

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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Before starting this self study program, please go through the instructional document.

Overview

  • Understanding of nanny tax threshold, FICA taxes, and employee v. independent contractor
    4 mins
  • Information on hiring senior care, IRS Form I-9, household employer tax responsibilities
    11 mins
  • Key details about household employee tax responsibilities, domestic workers bill of rights, minimum wage, and overtime pay
    14 mins
  • Important information on live-in domestic workers, companionship care exemption, and paid sick and family leave
    24 mins
  • Details on workers' compensation, domestic worker on company payroll, and benefits of being compliant
    38 mins
  • Various details on form 941, record keeping and reporting, dependent care tax breaks, and senior care cost reductions
    42 mins

Course Description

Can you identify compliance issues that may arise with your clients who employ household employees like nannies, housekeepers, and in-home senior caregivers? Understand what defines household employment, employer responsibilities and the regulations that surround domestic workers so you can help keep your clients compliant with tax, wage, and labor laws.

Learning Objectives

  • Understand employer and employee tax responsibilities when a family hires someone to work in their home.
  • Discover why properly classifying a household worker is a critical first step to employment compliance.
  • See how lack of workers' compensation insurance can be the costliest mistake a household employer can make
  • See how lack of workers' compensation insurance can be the costliest mistake a household employer can make

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Practice Owners
  • CPA - Large Firm
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Tax Firm
  • Tax Practitioners
  • Tax Pros