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HomeWork Solutions

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What is the Difference Between a CPA and a Household Payroll Specialist?

Posted by HomeWork Solutions on Jul 23, 2019 3:56:00 PM

Sometimes managing money and paying taxes can get confusing. That’s why bringing in a professional to help answer questions and take care of the details is important. We recently had a nanny call and ask us what the difference was between a CPA (Certified Public Accountant) and a Household Payroll Specialist.  Here, we will go over some of the primary differences.

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Topics: nanny, agency, senior

Consider a Signing Bonus to Attract Top Talent

Posted by HomeWork Solutions on Jul 18, 2019 10:00:00 AM

With unemployment at an historic low, employers are finding more difficulty filling open positions. One way to attract top talent is to offer a signing bonus. This strategy can help employers stand out when competing for the top talent, or luring them away from another company. Many companies are finding that signing bonuses are a worthwhile investment.

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Topics: agency, CPA

Letting Your Caregiver Go

Posted by HomeWork Solutions on Jul 16, 2019 3:49:00 PM

Hiring the right caregiver for your loved one is a personal, delicate process and even when you think you’ve found the right person, there are a lot of different reasons why it might not work out in the long run. Whether it’s simply not the right match, rules have been violated, or schedules are not aligning properly to make the job work, making the decision to take action and fire a caregiver usually isn’t an easy one. Here are some tips on letting your caregiver go.

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Topics: nanny, agency, senior, CPA

Great Nanny, Bad Interview: Polishing A Diamond in The Rough

Posted by HomeWork Solutions on Jul 11, 2019 3:56:00 PM

Interviews can be difficult for some people.  Maybe it’s because of nerves, or simply because the potential nanny doesn’t have a lot of experience with the interview process. It’s a fact that sometimes the interview just simply doesn’t go well. This case study looks at a common issue: how to help a nanny interview well and secure a position.

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Topics: agency

Summer Childcare and How You Might Get a Tax Break

Posted by HomeWork Solutions on Jul 11, 2019 10:00:00 AM

With schools out for the summer, parents across the country are setting up other means of childcare. Some parents opt for day camp, others for a nanny or day care center, in most cases though the cost of these options counts towards the Childcare Tax Credit.

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Topics: agency, CPA

Another Reason a Nanny or Senior Care Take Home Pay Agreement is a Bad Idea – a Case Study

Posted by HomeWork Solutions on Jul 9, 2019 3:53:00 PM

Background

A client in Texas , Jane,  hired a home care worker to help her mother around the house, an important hire to help her mom live safely and independently at home. Jane’s mother lives alone and has recently had to give up her driver’s license due to health issues. She needs someone to help her get out to meet her friends, get to doctor appointments and help with groceries and errands. She also has some housekeeping areas she can no longer safely do herself.

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Topics: nanny, agency, senior, CPA

How Holiday Pay Impacts Nanny or Senior Care Overtime

Posted by HomeWork Solutions on Jul 2, 2019 3:18:00 PM

Many, many nannies and senior caregivers have a routine work week that exceeds 40 hours a week. Presuming that the employment situation is long term, most families agree to specific paid holidays. Exactly how does a paid holiday impact the weekly overtime calculation?

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Topics: nanny, agency, senior, CPA

Avoid this Heavy Payroll Tax Penalty!

Posted by HomeWork Solutions on Jun 27, 2019 10:00:00 AM

If an employer withholds federal taxes from an employee (income and/or FICA) they must be remitted to the IRS timely. If not, you can face hefty penalties and the IRS can come after individual people in a corporation.

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Topics: nanny, agency, CPA

Difference Between a Nanny and a Babysitter

Posted by HomeWork Solutions on Jun 25, 2019 3:58:00 PM

Nannies and babysitters – a lot of people use these terms interchangeably, but they in fact are quite different. While it is true that both provide similar services – taking care of children in a parent’s absence – there are some important reasons why there are significant differences between a nanny and a babysitter.

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Topics: nanny, agency, CPA

Consider the Taxes if You Move for Retirement

Posted by HomeWork Solutions on Jun 20, 2019 10:00:00 AM

Many people look to move to another state in retirement. There are lots of good reasons to do this but make sure to check the tax obligations first. Here are some tips to think about before moving.

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Topics: CPA

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