Across the country, the number of people who define themselves as self-employed is growing. In 2019, the Bureau of Labor Statistics estimated there are 16 million self-employed in the United States. While taxes for the self-employed are similar to those of other...
If you employ household workers such as nannies, caretakers, chefs, maids, private nurses and others, you may need to withhold payroll taxes. As an employer, you are not required to withhold federal income tax from your employees’ pay. The IRS does require that you...
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