It’s January. That means that tax season either has started for you or is soon to begin. This time of year is notoriously difficult to face for many people, and it can be even more difficult for someone who employs household workers. Employers of household workers have not only their own taxes to think about, but they will also have to consider the taxes of each of their employees as well. Household employee taxes are actually governed by a separate set of tax laws than other people, which is why many employers find taxes more frustrating and difficult to file. However, the first step toward finishing your taxes is educating yourself about how your situation is different.
So what is a “household worker?” Basically, a household worker can be any person that is employed by a domestic household. This can include maids, butlers, cooks, gardeners, chefs, house cleaners, nannies, babysitters, and caretakers. There are other occupations that qualify as well, but this is a general list to get you started. If you employ one or more of these household workers, then you will have to file a different set of taxes.
Fortunately, there are ways that you can avoid the peskiness of tax season frustration, by getting professional help with your household worker taxes. With a company who has experienced and committed tax experts working for you, your tax season can be stress-free. Total payroll management services can offer you:
- Calculations for withholdings every month
- Online 24/7 access to your account
- Online access to your payroll service management team, 24/7
- Direct Deposit or Paycheck options for each employee
- Distribution of your employees’s paystubs every month
- Records and Storage for all of your tax information
Each of these benefits can help you, as the employee of a household worker, save timme and money on your taxes. Having to perform all of these duties on your own can waste hours of your days, and prevent you from either living a regular life, or just simply enjoying it. However, with the help of an experienced tax expert, one who is familiar with all of the various tax-related documents for household employees, then you can guard against any critical mistakes and enjoy your own time simultaneously.
Errors on tax returns are all too common nowadways, and this can be especially true if you are unfamiliar with how the IRS operates. The IRS can make changes regularly regarding tax laws, and some people are not able to comprehend these changes before filing: this can lead to mistakes on a tax form, and trouble with the IRS.
However, total payroll management services by a quality tax management company, such as Breedlove & Associates, LLC, can help prevent these errors with little infringement on your own time.