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One in eight individuals in the US carries student loan debt. This burden can feel overwhelming, as is often the case for care workers whose wages have not grown at the same rate as those for whom they work. Luckily there is a relatively new program offering relief.
Topics: maid, nanny retention, nanny, caregiver, Senior Caregiver Payroll, agency, senior, CPA
Governments are recognizing the need to ensure household employees are paid a living wage and slowly phasing in wage increases over a series of years. Effective January 1, 2022, minimum wage will be increasing in many states and cities across the country. As longtime advocates for fair and legal pay, we believe this is long overdue!
Topics: senior care, nanny, agency, senior, CPA
Updated 29 December 2021
Every year HomeWork Solutions prepares a summary of new or updated household employment tax laws and benefit information.
The IRS annually reviews, and adjusts as necessary, the wage payment threshold that obligates a family to pay Social Security and Medicare taxes. These tax withholdings are reported annually on a W-2. This threshold will increase to $2,400 for 2022.
If you are hiring a nanny or caregiver to work in your home, offering a competitive compensation package with health insurance is important. However, the details surrounding health insurance coverage can get confusing. Here are some things to keep in mind.
As families plan childcare arrangements for summer break, we want to revisit one of our most popular blog posts. When budgeting and crafting a compensation plan to offer your employee, be sure to consider the items below so you don't miss out on tax breaks!
Let’s face it- no one enjoys paying taxes. As a household employer, you set a budget for employment costs and seek out the most highly qualified employee within that budget. Don’t be surprised by employment taxes, and don’t neglect an opportunity to minimize them by including forms of non-taxable compensation and benefits in an employment offer. By thinking beyond gross pay to total compensation, you can increase employee take-home pay and make a more attractive offer to your ideal candidate.
Topics: maid, nanny retention, geriatric care manager, senior care, nanny, caregiver, Senior Caregiver Payroll, agency, senior, CPA
Establishing a regular recognition and reward system for your household employee(s) ensures that they feel valued and appreciated for their efforts. Paying a fair wage and benefits is the best way to show you respect and value your employee’s work, but when they go above and beyond, acknowledging them in a greater way is important. Here are some ways to recognize and reward your employee for a job well done.
Topics: maid, nanny retention, nanny, caregiver, Senior Caregiver Payroll, agency, senior, CPA
Are you considering hiring a nanny? Maybe a senior caregiver for one of your aging parents? Finding and hiring an experienced household employee helps provide the extra hand you need. But don’t forget, you’ll need to factor in the cost of hiring someone to work in your home. Paying them ‘under the table’ is illegal. Here are some essential things to remember when paying your employee fair and legally.
Topics: nanny unemployment insurance, hiring a nanny, nanny overtime, nanny paid time off, nanny mileage reimbursement, nanny tax compliance, caregiver, nanny vacation, agency
Life is busy, and sometimes hiring household employees to help around the house is a necessity. If you are considering hiring a nanny, house cleaners, senior caregiver, personal chef, or some other type of experienced domestic employee, there are a few things to keep in mind.
Topics: housekeeper, nanny agency, hiring a nanny, nanny payroll, caregiver background screening, caregiver, senior home caregiver, domestic worker, agency, what to expect
Are you thinking ahead to summer? Before you know it, your kids will be out of school for an extended time. Between summer camps, vacations, and outside playdates, there will be many different activities to fill up the free time. Hiring a summer nanny provides a helping hand, minimizing the stress associated with disrupting your daily school routines. Here are some reasons why you should consider hiring a nanny this summer.
Topics: household employee background check, household employee taxes, household staffing agency, nanny summer schedule, summer nanny, nanny tax compliance, agency
If you plan on hiring an employee to work in your home, it’s essential to know who you’re hiring. Background and reference checks can give you confidence that their criminal and personal history are free and clear of anything alarming. Our HomeWork Solutions experts have worked with thousands of clients over the years, and we recommend reference checks and background screenings for anyone regularly working inside your home.
Topics: caregiver, nanny reference check, senior home caregiver, outsource nanny payroll, domestic worker, agency, what to expect, employment compliance