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
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.
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
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.
About Presenter
Trevor Sparks
Marketing Manager, 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.
GTM Payroll Services specializes in nanny tax 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 70 people, including certified payroll professionals, licensed insurance brokers, household employment tax experts, PHRs, and CPAs.
FAQ
myCPE self-study courses are online.
The self-study format allows you to access the material online 24/7 and study at your own pace.
As per NASBA guidelines, you have one year from date of registration to complete each program.
Complete your final exam at any time and get CPE Credit instantly. You can retake the exam multiple times without any additional charges.
Course have minimum passing score of 70% and test takers will not be provided feedback on failed exams.
These are Live recorded presentations converted into Self Study (On-Demand Videos).
Refund/Cancellation Policy
For more information regarding refund, complaint and program cancellation policies, please contact our offices at 646-688-5128
Please email to help@my-cpe.com in case of any self study program queries.
