Written by Reed Tinsley |
October 19, 2006
On Social Security Online, Automatic Increases, Employment Coverage Thresholds (http://http://www.ssa.gov/OACT/COLA/CovThresh.html), the Social Security Administration has announced that for 2007, cash remuneration paid by an employer for domestic service in the employer's private home isn't FICA wages if the amount paid during the year is less than $1,500 (same as for 2006).
About the Author
Reed Tinsley CPA
This article is written by Reed Tinsley, a Houston, TX-based CPA with over 30 years of experience advising physicians and medical practices across Texas and the United States. Reed holds certifications as a Certified Valuation Analyst (CVA), Certified Healthcare Business Consultant (CHBC), and Certified Financial Planner (CFP), specializing exclusively in the healthcare sector. He is a published author, nationally recognized speaker, and trusted advisor to physicians on
accounting & tax,
practice management, and
financial planning.
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