If your loved one needs assistance in the home doing routine tasks, there are some options that you will need to consider. In-home senior care for the long term means that you could directly hire someone privately, directly hire someone that you know personally, or engage a senior care agency to staff and manage your caregiver. Knowing the major differences between these options will help you make the right decision.
US Citizens and foreign nationals coming to the US for a temporary stay may legally bring their nanny or other domestic help with them by securing a B1 visa. These employers are typically senior executives for large corporations and certain US government employees routinely posted abroad. The US State Department, which oversees the issuance of the B1 visas, imposes certain requirements on the employer to ensure that the foreign domestic worker is treated in accordance with US labor laws and is not exploited.
There’s no doubt about it: privately employing a senior caregiver comes with its own set of logistical challenges. In addition to payroll and taxes, the ins and outs of worker’s compensation and benefits can be overwhelming for seniors and the family members coordinating their care. If you don’t understand your legal obligations as a household employer, things can get messy. Consider this case study of a senior caregiver that was injured on the job.
Are your clients with household employees draining your professional resources?
As a CPA, you may take on the burden of nanny tax and payroll management without realizing how much work you're agreeing to provide. It can be that Friday afternoon call to calculate withholding taxes on a check that includes overtime. Or the questions about how to fill out a W-2 or I-9 form. Unfortunately, this may ultimately be more than time-consuming – it could also be eating away at your profits.