A household employer must understand the federal, state, and local employment laws that pertain to his or her household. Many laws require the employer to obtain, file, and submit necessary paperwork. Tax laws also have paperwork requirements, such as reporting wages to the Department of Labor or a state’s Wage and Hour Division. While some laws require employers to submit forms to a designated department or division, others require employers to file completed forms and be ready to produce the paperwork when requested by government officials.
As you can see, dealing with taxes and payroll can be time-consuming, nerve-racking, and complicated. Household employers may spend more than sixty hours a year handling payroll and tax administration. It is not easy, and many household employers choose to use the services of a professional payroll provider. Many employers find security in knowing that their household payroll and taxes are taken care of by experienced and qualified professionals.
To assist with the process of hiring a payroll company, our affiliate company GTM Payroll Services has put together this helpful guide: “7 Questions to Ask a Household Payroll Provider.”
For more information, contact us at (518) 348-0400.