Household employer payroll: The ultimate guide for nanny tax and the household employerNanny payroll is quite confusing and especially for the first time household employer.But why do we need to know about nanny payroll?We can all agree that finding time to balance our numerous responsibilities isn't easy.Between work, shuffling ...

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​HOW TO REPORT WAGES FOR A DECEASED EMPLOYEEIf an employee dies during the year, you must report the accrued wages, vacation pay, and other compensation paid after the date of death.Also report wages that were available to the employee while he or she was alive, regardless of whether ...

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IRS 1099 filing Compliance and the eminent pitfallsIn 2010, the IRS took an aggressive step to ratchet up its ability to enforce business compliance with annual 1099 income reporting regulations. Today I will discuss form 1099-Misc and these enforcement changes. I will also share the potential consequences for ...

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