Earlier HWS reported on changes to tax-free employer assistance with nanny health insurance in 2017. As we approach the end of the year it is important to note that the reimbursement by an employer for nanny health care expenses - or any household employee's health care reimbursement - requires reporting of the benefit on the nanny's W-2 form.
Jason Deshayes (AICPA) delivered a session that was applicable to any business really, not just CPAs. Client service is a prime differentiator especially in smaller local firms. If you’re doing this wrong, you won’t be “doing” very long. Luckily Jason laid out some solid advice to make this easy for you. The session had three main focus points; finding fee increasing opportunities, going from service provider to trusted advisor, and best practices to act on now.
Topics: accountants, CPA
Finding the right in-home care for your loved one is an incredibly important decision. Maybe your loved one needs medication supervision on a regular basis, or maybe they are recovering from a fall or surgery. In-home caregivers can provide non-medical services as well as homemaker tasks, as well as administering medication and helping with bathing and grooming. Finding the right person to care for your loved one means you’ll need to take some time to do your research, including interviewing several people that you feel might be the best match. But, before you set out on your journey of finding a new household employee, here are some mistakes that should be avoided.
Topics: elder care, senior home care, agency, senior, CPA
Tuesday morning at Engage 2017 kicked off with a business titan sharing advice to an arena full of people. Kevin O’Leary (Mr. Wonderful on Shark Tank) took the stage and shared with us lessons from his business and personal life. His advice revolved around creating and building successful businesses, something he clearly knows a lot about. This ended up being a theme for the week, focusing on your firm as a business and how to grow it into the future.
Topics: accountants, agency, CPA
You may have heard people you know talk about hiring a nanny or au pair, but you may not be sure what the differences are between the two. Many people use the terms interchangably, not knowing that a nanny and au pair are two very different things. If you’re thinking about hiring an in home childcare provider, it’s a great idea to research which one would be the best fit for your family, au pair vs. nanny.
New York's comprehensive Paid Family Leave Act becomes effective January 1, 2018.
Topics: senior care, nanny, agency, CPA
“Let’s meet about that” is a popular refrain that echoes regularly through the offices and hallways of organizations everywhere. Often though, said meetings are hastily arranged and largely unproductive. Although emergency “huddles” are sometimes called for, good meetings are well planned. Here are some important points to keep in mind.
Topics: accountants, CPA
Nevada has recently passed a new law that gives domestic workers a “bill of rights.” Here, we will go over the basic parts of the Nevada Domestic Worker Bill of Rights (NV DWBR) and how it could affect household employers in Nevada.
Topics: nanny, domestic workers bill of rights, agency
The end of the year is quickly approaching. Traditionally at this time of year you consider recognition for the people in your life who provide you services and traditionally receive a holiday bonus. You
are thinking about that, aren't you? In addition to the cleaning company team and your hairdresser, there's probably nobody more deserving than family employees such as your nanny or senior care worker. After all, they're the unsung heros of your household.Topics: nanny bonus
