A CPA’s Guide to Household Employment Compliance

  • Accountant
  • AFSP
  • CRTP
  • CPA (US)
  • EA
  • ORTP
  • CPA/PFS
  • MRTP
  • CFIRS
  • CWS

Published: December, 2021

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

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

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

Course Qualification

Webinar Qualifies For

  • 1 CE Credit for Enrolled Agents (EA) (Approval No. GEHNZ-T-00303-20-S)
  • 1 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
  • 1 CE Credit for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-0139)
  • 1 CE Credit for Annual Filing Season Program (AFSP)
  • 1 CE Credit for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-00303-20-S)
  • 1 CE Credit for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-00303-20-S)
  • 1 CPD Credit for Personal Financial Specialist (PFS)
  • 1 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 1 CE Credit for Certified Wealth Strategist (CWS)
  • 1 General Credit for Accountant/Bookeeper

Additional details

  • Course Level :
    Basic
  • Credits :
    1
  • Instructional Method :
    QAS Self Study
  • Pre-requisites :
    None
  • Advance Preparation :
    None

IRS APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

CTEC APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor ID# : 6273) has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.

Presenter

About Presenter

Trevor Sparks

, GTM Payroll Services Inc.

Trevor Sparks is the marketing manager for GTM Payroll Services, which specializes in household payroll processing, tax management, and compliance for families that hire employees to work in their homes. He has developed CPE numerous presentations for AICPA conferences on the latest compliance rules in household employment, how to handle payroll and taxes for clients who hire in-home senior care, and keeping clients with household help compliant among other topics. Trevor also develops and produces GTM's in-house CPE webinar and writes regularly on the topic of household employment compliance for GTM's blog.

About Company

GTM Payroll Services Inc.

www.gtm.com

GTM Payroll Services specializes in nanny tax and payroll services for household employers as well as payroll and human capital management (HCM) solutions for businesses of all types and sizes. Our success and client satisfaction are based on industry-leading expertise and an extraordinary level of personal attention for each and every client. Today, GTM processes more than $1 billion in payroll every year for more than 44,000 employees who work for businesses and families across the country. GTM is trusted by Fortune 500 companies to manage household payroll and taxes for their executives and clients. Founded in 1991, GTM Payroll Services employs more than 100 people, including certified payroll professionals, licensed insurance brokers, household employment tax experts, HR consultants, and CPAs.

Faq

FAQs content

  • To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
  • Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
  • You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
  • Polling feature Not supported: If you are logging in through browser or web portal in the browser (zoom.us) it doesn’t support the polling feature. Please be advised the current polling feature can only be supported via Zoom desktop and mobile app. You can check the same here : https://support.zoom.us/hc/en-us/articles/203749865-Polling-for-webinars
  • This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
  • If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link : https://zoom.us/download
  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
  • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.

Ratings and Review

4.6

1209 Ratings

Excellent

851

Very Good

298

Average

52

Poor

6

Terrible

2

MM

Mary Moffitt, EA

Dec 8th, 2019

Excellent course presentation. However the poll questions and answers were not clear. For example the question made a statement that something was required but no question was asked. Sorry difficult to explain without them in front of me. Overall this was excellent. Note I am a retired IRS Revenue agent with over 33 years in the exam division. This truly was a good course.

RM

Rachel Mazoch, Accountant

Jan 7th, 2021

Very thorough and to the point. He also provided examples, which made it easier to understand. Went through alot in such a short amount of time, but I surprisingly didn't get lost at all. Great job!

MJW

Mary Jo Wigglesworth, CPA (US)

Nov 23rd, 2019

The presenter was very knowledgeable. The information was presented clearly. I wanted to save the power point slides but only the first one downloaded.

KM

Kelsey Mason, CPA (US)

Oct 9th, 2021

Very informative and well laid-out presentation! I would highly recommend it as it's very interesting even if it isn't directly applicable to you.

SR

Samantha Robinson, CPA (US)

Dec 31st, 2020

Anyone should watch this that uses nannies, babysitters and care takers. Very well done and highly recommend for accountants and non-accountants!

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