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HomeWork Solutions

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Choosing the Best Business Entity Structure Post-TCJA

Posted by HomeWork Solutions on Sep 20, 2018 10:00:00 AM

For tax years beginning in 2018 and beyond, the Tax Cuts and Jobs Act (TCJA) created a flat 21% federal income tax rate for C corporations. Under prior law, C corporations were taxed at rates as high as 35%. The TCJA also reduced individual income tax rates, which apply to sole proprietorships and pass-through entities, including partnerships, S corporations, and, typically, limited liability companies (LLCs). The top rate, however, dropped only slightly, from 39.6% to 37%.

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Topics: agency, CPA

Did you know it's National Nanny Recognition Week?

Posted by HomeWork Solutions on Sep 18, 2018 3:50:00 PM

Your nanny works hard for you day in and day out, so making sure she feels valued and appreciated is very important! As you build a solid relationship with your nanny, they will begin to feel like they’re part of the family. So, in addition to offering a fair compensation package and regular time off, it’s nice to acknowledge her contributions to your family in special ways.

National Nanny Recognition Week 2018 is September 23 - 29. Here are some great ways you can express gratitude for a job well done.

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Topics: nanny, agency

Consider the Tax Advantages of Investing in Qualified Small Business Stock

Posted by HomeWork Solutions on Sep 13, 2018 10:00:00 AM

While the Tax Cuts and Jobs Act (TCJA) reduced most ordinary-income tax rates for individuals, it didn’t change long-term capital gains rates. They remain at 0%, 15% and 20%.

The 0% rate generally applies to taxpayers in the bottom two ordinary-income tax brackets (now 10% and 12%), but you no longer have to be in the top ordinary-income tax bracket (now 37%) to be subject to the top long-term capital gains rate of 20%. Many taxpayers in the 35% tax bracket also will be subject to the 20% rate.

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Topics: CPA

New York 13 Hour Rule Still in Judicial Limbo

Posted by HomeWork Solutions on Sep 12, 2018 1:47:37 PM

Imagine the frustration you would feel after working a stressful 24 hours straight, only to realize that you’re only being paid for 13 hours of that time. Home health aides in the state of New York have said ‘enough is enough’ and in May 2018, several of them as well as two nonprofit advocacy groups, sued the state’s Labor Department and the commissioner Roberta Reardon with the intention of throwing out the state’s emergency regulations that allow for this to happen. Their end goal: to be paid for every hour of a 24-hour work day.

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Topics: agency, senior, CPA

4 Essential Characteristics of a Dementia Caregiver

Posted by HomeWork Solutions on Sep 11, 2018 3:50:00 PM

A dementia caregiver has a huge role, and for families looking to finding the right person to support their family with a loved one living with dementia, it can feel like a daunting task. Working with dementia patients requires not only the caregiving basics of being kind and loving, but it also requires an additional skill set. Here are four essential characteristics of a dementia caregiver that you should look for when looking to hire someone to help take care of your loved one.

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Topics: agency, senior

Improving a Struggling Employee’s Performance is a Two-Way Street

Posted by HomeWork Solutions on Sep 6, 2018 10:00:00 AM

It’s easy to get frustrated when an employee is failing to produce the volume or quality of work you expect. A business owner, department manager, or even household employer may give in to the temptation to play the blame game, pointing a finger at the struggling worker and only exacerbating the situation.

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Topics: nanny, agency, CPA

Blueprint for a Great Nanny | Family Relationship

Posted by HomeWork Solutions on Sep 4, 2018 3:50:00 PM

You’ve interviewed many potential nannies and you’ve finally found the right one. Now, it’s time to build a solid relationship with her – one that works on the professional level as well as the family level. You will be entrusting your children with this nanny, so it’s important to have a great relationship with her. Starting well right at the beginning is key and that usually begins with strong communication and a mutual understanding that you will work together as a team. This will help keep the relationship healthy with a good balance. Here are some other help tips on building a great nanny/family relationship.

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Topics: nanny, agency

What To Do If Your Caregiver Quits

Posted by HomeWork Solutions on Aug 28, 2018 3:50:00 PM

You’ve spent time searching for the right caregiver for your father or son and you’ve become used to having help around the home for your loved one. It appears as if everything is working out well. But then, the caregiver quits. Did something go wrong? You may feel anxiety when you first hear the news that your caregiver is leaving, but there are some practical things you can do that can help alleviate stress and help put you on the track toward finding another person to step in.

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Topics: nanny, agency, senior

Overtime Calculations with Holiday or Vacation Pay

Posted by HomeWork Solutions on Aug 23, 2018 12:51:00 PM


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Topics: nanny, agency, senior

Family Caregivers Need Help Too!

Posted by HomeWork Solutions on Aug 21, 2018 3:50:00 PM

If you’re taking care of an elderly parent, you know how many things there are to juggle at once. Whether it’s cooking meals every day, paying income taxes, or running to doctor appointments, there are usually endless numbers of tasks that will accumulate from day to day and week to week. It is important to take care of yourself in the midst of taking care of your loved one. Family caregivers need help too, so here are some things you can outsource to simplify your life.

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Topics: agency, senior

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