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A CPA’s Guide to Household Employment Compliance

  • AFSP
  • CPA (US)
  • EA
  • Tax Preparer
  • CRTP

Published: November, 2019

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  • 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 of Taxes for Tax Professionals (Approval No. GEHNZ-T-00303-20-S)
  • 1 CE Credit of Taxes 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 of Federal Tax Related Matters for California Registered Tax Preparers(CRTP) (Approval No. 6273-CE-0139)
  • 1 CE Credit of Taxes for Annual Filing Season Program (AFSP)

Presenter

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.

About Company

GTM Payroll Services Inc.

www,gtm.com/household

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

FAQs content

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Ratings and Review

4.7

1110 Ratings

Excellent

793

Very Good

263

Average

47

Poor

6

Terrible

1

JL

Jerrell Lewis, EA

Jan 1st, 2022

N/A

WJ

William Jones, Tax Pros

Dec 28th, 2021

Program covered more than I expected.

TH

Teresa Hughart, CPA (US)

Dec 28th, 2021

Good webinar

CL

Catherine Lahaye, CPA (US)

Dec 27th, 2021

This information was detailed and informative. The speaker presented the facts in an interesting and easy to follow slide show.

AP

Ashish Patel, ACCT/BK, EA

Dec 22nd, 2021

Great Webinar to know more about Household Help compliance with IRS.