1) If you pay someone less than $600 in a year to help you care for children, this person can be treated as an independent contractor.
2) If you hire your spouse to help you care for children you don't have to withhold Social Security/Medicare taxes.
3) If you hire someone to cut your lawn you must treat this person as your employee.
The answers to all three questions is "false."
Paying someone to help you care for children is an area of tax law where family child care providers make many mistakes.
Join me at my upcoming webinar, "Avoiding Mistakes When Hiring Employees" to learn the facts and avoid making costly mistakes. The webinar begins at 10 pm Eastern Time and lasts for 90 minutes.
I'll be covering:
* Why you probably don't have an independent contractor
* What are your federal and state payroll tax responsibilities?
* When hiring family members does and does not make sense
* How not having workers' compensation insurance can get you into big trouble
* How to save a lot of taxes by setting up a medical reimbursement plan for your spouse
The webinar is sponsored by the National Association for Family Child Care.
These monthly webinars are an opportunity to watch a power point presentation on your home computer and listen to me cover these important issues. You'll have the opportunity to ask me questions live and you will receive a copy of the power point, plus handouts. You will also receiving a training certificate of attendance.
Don't miss this fun opportunity!
The cost is $25 (100% tax deductible!) if you are a member of NAFCC. If not it's $60. For questions contact Mandi Hardy firstname.lastname@example.org; 801-682-3675.
To see my entire 2013 webinar schedule.
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