If you own a small business, or are a household employer, and want to offer a retirement savings plan to your employees the options can get confusing. Offering a 401(k) can be complicated and expensive, but a SIMPLE IRA might be just right. What is a SIMPLE IRA? Here is a breakdown of how they work and some SIMPLE IRA benefits.

You are going to hire a nanny or senior caregiver soon. You know that interviewing can be tricky, and don't want to make a mistake in this important activity. Before you begin advertising, narrowing down your candidates and starting the interview process, it is important to do some research on what proper protocol is for what questions you can ask and what is taboo. Here are some helpful caregiver interview tips.

Most employers are focused on financial metrics when analyzing their business, which makes sense. In recent years though, more attention has been paid to human resource metrics as well. Monitoring these important KPIs below can help any company, household or not, with ensuring smooth operation.

Is your to-do list getting longer and longer and does it seem like your demands from day to day just never end? We get it. Sometimes there simply isn’t enough time to keep on top of everything.

All employers are required to keep certain records of payroll. Most know about W-4s, I-9s, and paystubs but there are others to watch out for as well. Here are two examples of records you should be keeping if applicable.

Our client Nancy M. came to us with an issue regarding prior cash payments to her mother's caregiver and filing proper tax paperwork.

The start of a new calendar year is always busy and taxes are no exception. The first quarter sees deadlines for both the fourth quarter of 2018 and year end. We’ve pulled together a general list for corporate and household employers. This is not exhaustive so please consult a personal or business tax consultant if you have specific questions about 2018 tax deadlines.

Every year HomeWork Solutions prepares a "what's new or changed" roundup of household employment tax laws and benefit information.

HOUSEHOLD EMPLOYEE 2019 WAGE BASE:

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 remains at $2100 of wages in a year for 2019.

You live an active lifestyle and sometimes weather emergencies throw you for a loop. No one likes to be inconvenienced and when it comes to weather issues, it can be stressful and frustrating – especially if it means that your nanny or caregiver cannot come to work. Whether it’s a tropical storm or a pileup of snow overnight, if you plan ahead for weather emergencies, you can minimize the headache. Here are some tips that can help.

Section 529 plans are a popular education-funding tool because of tax and other benefits. Two types are available: 1) prepaid tuition plans, and 2) savings plans. The Tax Cuts and Jobs Act (TCJA) made one of these plans even better.