Navigating the “nanny tax” and more

When a client hires a nanny, housekeeper, or senior caregiver, they have to navigate a host of tricky issues such as taxes and employment and labor laws. Whether the IRS considers a worker an independent contractor or employee has a major impact on clients’ tax reporting responsibilities, whether they need to pay overtime, and how they set up payroll.

Sponsor content from

When a client hires a nanny, housekeeper, or senior caregiver, they have to navigate a host of tricky issues such as taxes and employment and labor laws. Whether the IRS considers a worker an independent contractor or employee has a major impact on clients’ tax reporting responsibilities, whether they need to pay overtime, and how they set up payroll.

It can become complicated, quickly.

As trusted advisors, accounting professionals have an opportunity to help clients cut through the myths and misinformation about hiring household help, protecting themselves and their employees.

Join Tom Breedlove, Senior Director at Care.com HomePay, as he discusses how to help clients:

  • Determine if household workers are independent employees or contractors
  • Understand why paying workers “under the table” can backfire
  • Stay on the right side of employment and labor laws
  • Why liability insurance on a homeowner’s policy isn’t enough

To learn how to help your clients navigate tax and employment laws when hiring household help, listen to this podcast.