Navigating down the path of being an employer is complicated and more involved than you could have imagined. There are many questions and answers that have to be asked which ultimately get you to the answers you are seeking. While payroll may seem like a simple idea in concept, it has to be sculpted to each employer’s needs and requirements and they are all different.
In order to help facilitate and educate prospective employers on a few of the most important topics, we have developed a whitepaper series on specific topics related to household employment. A whitepaper is a fully inclusive document meant to provide you with facts around a specific topic.
As our education series evolve, we continue to provide resources to our clients to alert them on any changes that may impact them. This is all part of the guidance and advisory layer we provide.
Our first topic relates is a soup to nuts understanding of the overall payroll process and what will be required of you to do as you become a household employer. It is called Payroll 101 – An Introduction to Payroll and Taxes for Household Employers.
Our second topic relates specifically to the tax benefits that both the employer and employee obtain by employing someone on the books with specific examples. Tax law is never simple so before you think about whether you want to keep the person off the books, understand the facts so you can make an educated decision. This whitepaper is called The Misnomers of Payroll – Knowing the Facts About Putting an Employee on the Books.
Our third and fourth topics are specific to New York State household employers and helps them understand the Minimum Wage and Overtime Laws and how to structure the employment terms. This whitepaper is called A Guide to Understanding the Minimum Wage and Overtime Laws for Household Employers. On April 9, 2011, the New York Wage Theft Prevention Act was signed into law. The legislation relates specifically to notices and communication that employers are required to give to employees with respect to wage related matters. This whitepaper is called The Impact of the Wage Theft Protection Act on Domestic Employers in New York State.