Employment Identification Number (EIN)

Now more than ever, carefully track payroll records

Employees, Federal Income Tax, Form W-4, Medicare Taxes, Paycheck Protection Program, Payroll & HR Functions, Payroll Service, Payroll Tax, Small Business, Social Security & Medicare (FICA) taxes / Douglas Freeman

The subject of payroll has been top-of-mind for business owners this year. The COVID-19 pandemic triggered economic changes that caused considerable fluctuations in the size of many companies’ workforces. Employees have been laid off, furloughed, and, in some cases, rehired. There has also been crisis relief for eligible businesses in the form of the Paycheck […]

Now more than ever, carefully track payroll records Read More »

More parents may owe “nanny tax” this year, due to COVID-19

Employees, Employment Tax, Federal Income Tax, FICA, Form W-4, Independent Contractors, Nanny Tax / Douglas Freeman

In the COVID-19 era, many parents are hiring nannies and babysitters because their daycare centers and summer camps have closed. This may result in federal “nanny tax” obligations. Keep in mind that the nanny tax may apply to all household workers, including housekeepers, babysitters, gardeners, or others who aren’t independent contractors. If you employ someone

More parents may owe “nanny tax” this year, due to COVID-19 Read More »