Are you hiring a live-in nanny and wondering where to start figuring out your "nanny tax" obligations? HWS can help - we have counseled families just like yours for more than 20 years.
Are you hiring a live-in nanny and wondering where to start figuring out your "nanny tax" obligations? HWS can help - we have counseled families just like yours for more than 20 years.
Topics: live-in nanny
Despite the best efforts of Congress, the number of families that that fail to pay their nanny taxes each year is estimated to be 1.8 million. Aside from the fact that these families technically commit perjury on their family tax returns every year, they also deny their household employee (nanny, housekeeper, senior care nurse, etc.) of retirement and unemployment benefits. As if these weren’t reason enough, here is a list of five more important reasons why you should pay your nanny taxes (and some of them might surprise you!).
Topics: nanny taxes, household payroll tax
Our aging parents deal with physical and sometimes mental declines that challenge their ability to completely take care of themselves on their own. They don’t like the idea of moving out of their homes to a senior care facility. How will they safely age at home, in a safe and happy environment?
Topics: caregiver background screening
I took a call from a new employer today, who asked "Are there any tax breaks for household employers?"
Topics: household payroll tax beaks
The online nanny job listing services like Care.com can be an efficient way to match with families seeking care, and put you in charge of your job search. The online nanny job listing services, however, need to be approached with caution, and knowing the common scams and issues is important when you pursue that route.
Topics: nanny job search
Are you struggling with providing senior home care for yourself or for a loved one? Don’t get caught up in one of the many myths floating around regarding senior care. A senior caregiver allows family members to rest easy knowing their loved one is receiving the top quality of care in their own home. Full time or part time senior care provides other family caregivers some freedom to pursue outside activities and to simply take care of themselves.
Topics: senior home care
What is a summer nanny? Are you responsible for the nanny taxes with a summer-only nanny?
Topics: summer nanny, nanny tax, nanny taxes
Topics: nanny payroll, nanny tax
As your aging relative requires more care, it may be prudent to seek additional services to better serve their needs. Many adult children fear placing their loved one in a supportive living facility will result in abuse, neglect or medical malpractice. “Too often families don't have the information they need to protect their loved ones residing in assisted living facilities," said Jullie Gray, President of the National Association of Professional Geriatric Care Managers.
Topics: elder care, eldercare, assisted living, geriatric care manager, senior care, senior
