We know the stress and uncertainty created by complicated tax and labor laws.
Use the tools and information here to clear up the confusion.
Households can offer certain benefits to their employee and have them be considered
non-taxable compensation (no taxes for employer or employee). The IRS-approved
benefits for households are:
Health Insurance premiums from a state-licensed insurance provider;
Up to $5,250 per year towards tuition & books for an accredited college or university.
Up to $245 per month toward public transportation to and from the worksite;
Up to $245 per month towards parking (at the jobsite and/or at the public transportation
Strategically-structured payroll can save you and your employee a considerable amount
of money each year. To learn more about non-taxable compensation and how to
take advantage of it, give us a call.
Special Tax Advantages for Short-Term, Part-Time and Share-Care Employers
Get expert answers
to all your
nanny tax questions.
© Copyright 2013 Breedlove & Associates, LLC | Privacy & Security | Site Map