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Have you heard of the “Nanny Tax?” Not sure it applies to your household employment situation? Even if you don’t have a nanny working in your home, the Nanny Tax might apply to you. Housekeepers, gardeners, house or pet sitters, or any other regular household employee who works at your direction could make you eligible for state and federal tax requirements.
Topics: household payroll literacy, home health workers, nanny payroll tax, caregiver, senior home caregiver, domestic worker, private educator
Seeing your parents age is never an easy process. Mobility and independence may start to decrease and decisions on who will help take care of them will need to be made. Assisted living and in-home care are two of the main possibilities, and many times in-home care is the most desirable choice. There may be cost advantages, and you can get the personalized attention your parents may need in a location that keeps them comfortable.
Topics: assisted living, hiring care for seniors, senior home caregiver, senior
It’s no secret the last year has been very difficult for families. The pandemic has disrupted our lives in ways no one could really have predicted. And unfortunately, our kids have been impacted deeply, as well. In many places across the country, government restrictions are still happening, which likely limits what kids are used to doing. Helping them navigate this complicated time will take patience, creativity, and a lot of love.
Topics: nanny payroll tax, COVID-19, kids
Hiring a household employee is a personal decision that requires a lot of consideration. Whether it’s a housekeeper, a nanny, or senior caregiver, hiring an experienced worker in your home is important. Did you know that as soon as you hire someone ,you become a household employer? That means you will need to pay them as an employee – not off the books. Here’s why you should never evade “nanny taxes.”
Topics: nanny tax audit, nanny payroll tax, household payroll, childcare, employment compliance
The pandemic has impacted everyone at some level and continues to do so. Whether it’s knowing someone who had it or experiencing it yourself, COVID-19 has had far reaching effects. The pandemic has gone on longer than many anticipated and people of all kinds – especially seniors – are feeling scared, disengaged, lonely, or anxious.
Topics: senior caregivers, senior care, caregiver
Updated 11 January 2021
Every year HomeWork Solutions prepares a "what's new or changed" roundup of household employment tax laws and benefit information.
The IRS annually reviews, and adjusts as necessary, the wage payment threshold that obligates a family to pay Social Security and Medicare taxes and issue employees W-2 forms. This threshold will increase to $2,300 for 2021.
It is no secret that 2020 has been a difficult year for many families. 2021 brings hope and possibilities, and for those resolving to make this upcoming year run more smoothly, hiring experienced in-home employees can help. Whether it is a senior care professional, nanny, housekeeper, a personal chef, or someone else that can assist around the home, hiring domestic employees for the services you need is incredibly beneficial.
Topics: nanny agencies, nanny payroll tax, nanny tax compliance, household payroll, caregiver, senior home care, nanny job search, child care
Whether you hired a nanny, a housekeeper, a personal assistant, or a private educator this year, there are some important things to know when it comes to filing taxes. When you hire someone to work in your home, you become an employer. Tax and labor laws generally apply, even if there are some small exemptions unique to household employers. Many families don’t know this and make the mistake of paying the employee “off the books.” This could be a very costly error. Here are some specific ways to avoid domestic employee tax problems.
Topics: housekeeper, household employee taxes, nanny payroll tax, nanny hourly wage, nanny independent contractor, nanny tax compliance, household payroll, caregiver
Updated 22 December 2020
Every year HomeWork Solutions prepares a "what's new or changed" roundup of household employment tax laws and benefit information.
The IRS annually reviews, and adjusts as necessary, the wage payment threshold that obligates a family to pay Social Security and Medicare taxes and issue employees W-2 forms. This threshold will increase to $2,300 for 2021.
