When managing household payroll, many people wonder if they should set up a Limited Liability Company (LLC) for additional protection. While the idea of an LLC can be appealing, it’s generally unnecessary for household employers and often doesn’t provide the legal or financial protection you might expect. Here’s why setting up an LLC is usually more trouble than it’s worth for household employment.
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Topics:
nanny,
senior,
CPA,
Should I set up an LLC for household payroll,
paying a nanny,
household LLC,
Managing household payroll taxes,
Household payroll compliance
Finding the right in-home care for a loved one is a deeply personal and important decision. From medication supervision to help with daily activities like grooming or meal preparation, an in-home caregiver can make all the difference in providing a safe and comfortable environment. However, finding the right caregiver involves careful research and planning to avoid common pitfalls. Here are three key mistakes to steer clear of when hiring an in-home caregiver.
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Topics:
eldercare,
senior care,
senior,
caregiver payroll services
A nanny job may involve providing personalized childcare, household support, and a range of duties that help families manage their busy lives. Because household needs and preferences can vary widely, creating a detailed job description for your nanny is essential to avoid misunderstandings and helps to ensure that the nanny and the family share a common understanding of the role.
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Picture this: An employer and an employee agree on a pay rate of $1,000 per week. The employer believes that this is the total cost of the employee's work, while the employee expects to take home the full $1,000 each week. But when the first paycheck arrives, confusion turns into frustration.
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As your parent grows older, it’s normal to notice subtle changes that might cause concern. Perhaps they’re forgetting to take their medication on time, need a little more help with cooking, or seem less steady on their feet. It’s not easy to see these shifts, but aging is a journey we all experience, and sometimes, a bit of extra support can go a long way.
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Topics:
aging in place,
senior,
In Home Senior Care,
Aging at home,
caregiver services
If one of your household employees recently filed for unemployment benefits, you might be feeling unsure about your next steps. Don't worry—this is a common situation, and we're here to guide you through it. Understanding what it means when a former employee files an unemployment claim can help you respond properly and avoid any potential complications. Let’s break down the basics of unemployment claims and explain what’s required of you as an employer.
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Topics:
nanny,
household payroll,
homework solutions
At HomeWork Solutions, we understand that household employment can bring unique challenges for CPAs and financial professionals. Whether it’s a client who just hired a nanny or a question about how to handle household payroll taxes, we're here to make sure you have the insights you need. To help you guide your clients confidently, we’ve compiled a list of nine essential tips that will keep you on the right track.
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Topics:
CPA,
homework solutions