DiSabatino CPA Blog

DiSabatino CPA Blog

A blog by Michael DiSabatino CPA with topics on Tax Savings, Business, Management and more...

Don't forget about the nanny tax

Don't forget about the nanny tax!

A good domestic worker can help take care of your children, assist an elderly parent, or keep your household running smoothly. Unfortunately, domestic workers can also make your tax situation more complicated.

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Is your business using part-time workers?

Is your business using part-time workers?

 Recent job statistics indicate that more employers are using part-timers to deal with variations in workload and for short-term projects. Here are a few tips your business will find useful if you hire part-time workers.

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IRS issues "nanny tax" reminder

IRS issues "nanny tax" reminder

The IRS reminds taxpayers not to overlook their responsibilities under the "nanny tax."

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December 2014 DiSabatino CPA Newsletter

news-headerIn this issue:

  • Last-Minute Tax Moves - There's still time
  • Remember the Nanny Tax - Do you have a household employee?
  • Word of the Year - Are you current with the New English?
  • The Extension that Never Ends

The Month of December:

    Take final year-end actions:
    • Gifts
    • Capital gains/losses
    • Charitable giving
    • Dividend income
    December 24th: Last day of Chanukah
    December 25th: Christmas Day
    December 26th: Kwanzaa Begins
    January 15th: 4th Quarter Estimated Payments Due


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Thought Providing Shorts - August 2014

Thought Provoking Shorts - August 2014

  • If there's a wedding in your summer plans, take a look at how marriage could affect your tax bill.
  • Business Tip: Customer service is not in the SAYING…..it's in the DOING.
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Don't overlook the "nanny tax"

Don't overlook the "nanny tax"

As you review your filing requirements for 2013, make sure you don't overlook the so-called "nanny tax." If you have a household employee, you could be liable to pay state and federal payroll taxes.

First, you must determine whether you have a household employee. Generally, this is someone you hire to work in or around your house. It could be a babysitter, nurse, maid, housekeeper, or gardener. It doesn't matter whether they work part-time or full-time, or whether you pay them hourly, weekly, or by the job.

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