Below is a summary of the employer compliance requirements for household employers.

[The IRS estimates that these tasks will take the average family approximately 50-55 hours per year.  Don't worry!  We can handle everything for you with guaranteed accuracy and timeliness so you're work-free, worry-free and risk-free].

• Register for federal and state tax accounts
• Complete and file New Hire Report
• Calculate the correct amount of federal and state taxes to withhold each pay period
• Track gross pay, net pay, federal taxes withheld and state taxes withheld
• Prepare state tax returns and remit both the employer and employee taxes quarterly
• Prepare federal tax estimates four times per year and remit both the employer and employee taxes
• Prepare year-end summaries to state tax agencies
• Prepare Form W-2 for distribution to your employee
• Prepare Form W-3 and send to the Social Security Administration (along with Form W-2 Copy A)
• Prepare Schedule H to accompany your personal federal income tax return
• Respond to IRS and state requests/inquiries
• Monitor ever-changing household employment tax law

If you’d like to visit with one of our experts to discuss your individual situation, run payroll & budget scenarios, or get answers and advice, please call us at toll free 888-273-3356 Monday - Friday anytime between 8:00am and 6:00pm Central Standard Time. We’re here to help.

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For more information about household employer taxes (also called “nanny payroll taxes”) or help calculating the employee withholding tax rate, call us at 888-BREEDLOVE (273-3356).