The new Tax Cuts and Jobs Act (TCJA) includes significant changes for individuals and businesses alike, enhancing some tax breaks and eliminating or reducing others. One new provision creates a new tax credit for employers who pay wages for family and medical leaves. Currently, the new credit has a short shelf life, taking effect in
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By: Cavanaugh & Co
Taxes
5 ways to avoid nanny tax problems
Do you remember “Nannygate”? Back when Bill Clinton was president, his nomination of corporate attorney Zoe Baird for U.S. Attorney General was derailed after it was revealed that she failed to pay the “nanny tax” for illegal aliens employed as household workers. Although you may not move in political circles, it’s easy to be tripped
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