The 2020 tax season approaches and more of your clients are hiring nannies and caregivers than ever before. Night nurses for newborns, senior caregivers for mom or dad, and now private educators for students doing school remotely- all present “nanny tax” issues for you and your clients.
nanny tax compliance,
As your loved one starts to age, it is important to determine what type of care for them is best. Nursing homes or assisted living centers are not meant for everyone. Many seniors and their families want to be in the comfort of their own homes if possible. Getting dressed, managing medications, cooking, and cleaning the home can get harder and harder and for scenarios like this, hiring an in-home caregiver is a great option. If you are considering finding an adult caregiver to work in your loved one’s home, here are some benefits.
aging in place,
Hiring Elder care,
senior home care,
senior home caregiver,
Most seniors prefer to age in place, in the comfort of their own homes, instead of moving to a care facility. Follow this guide as you plan for yourself (or a loved one) to continue living at home through the golden years.
Generally, in life, it pays to do things right the first time. Your nanny payroll taxes are no exception to the rule: while it may be tempting to evade these pesky taxes, in the long run, you will be thankful that you managed your household employment taxes well. It will cost much more of your money, time, and patience to deal with the consequences of tax fraud than to file your payroll taxes correctly the first time around!
nanny tax audit,
nanny tax statute of limitations,
nanny tax case study
Are you a nanny caring for young children or a senior caregiver caring for a frail adult? Do you employ a nanny or senior caregiver? Does this caregiver know how to reach important parties in an emergency? Every caregiver should be provided with an Emergency Contacts list at the start of employment.
nanny tax case study
In a triumphant win for labor unions and worker advocacy groups, the Obama administration made sweeping reform in mandating that home health workers, personal care aides and certified nursing assistants who provide care to the elderly be paid minimum wage and overtime. While it may affect the bottom line for families of aging relatives, over half of senior care givers were living at or below the poverty line.
home health workers,
Hiring Elder care