Over the years, there have been news stories about political appointees and others who got into trouble because they didn’t pay nanny taxes. The same could happen to you. You must generally pay Social Security, Medicare and federal unemployment taxes on wages paid to domestic workers who are considered “employees” under federal law. However, you […]

Although incentive stock options offer tax advantages to employees, they also come with a tax price for your company. For instance, the plan must meet numerous strict requirements spelled out in the law. In addition, the company gets no deduction at any time. And to receive preferential capital gain treatment, option holders must retain the […]