<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1903855569843826&amp;ev=PageView&amp;noscript=1">

Total Compensation

Posted by HomeWork Solutions on 10/5/21 11:00 AM

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.

Read More

Topics: maid, nanny retention, nanny, caregiver, Senior Caregiver Payroll, agency, senior, CPA

Recognizing and Rewarding Your Employees

Posted by HomeWork Solutions on 9/21/21 12:45 PM

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.

Read More

Topics: maid, nanny retention, nanny, caregiver, Senior Caregiver Payroll, agency, senior, CPA

Using Your Tax Credit to Pay Your Nanny

Posted by HomeWork Solutions on 6/29/21 10:00 AM

Starting July 15 and continuing through the end of 2021, many parents will be receiving a child tax credit as part of the American Rescue Plan. The tax credit is $3,600 for children younger than age six and $3,000 for those between six and seventeen. The payments are an ‘advance’ on 2021 taxes and will arrive in monthly installments on the 15th of every month. The total credit is available for married couples with children earning a combined $150,000 or less that file jointly or $75,000 for individuals. For people making more, the money will be reduced accordingly. Most people will get the funds through direct deposit into their bank account or how you filed your 2020 taxes.

Read More

Topics: household employee, nanny employment practices, nanny payroll tax, nannies, nanny tax, nanny interview, nanny job search, CPA, IRS, kids

The American Rescue Plan Act- What's the Impact?

Posted by HomeWork Solutions on 3/30/21 10:00 AM
Read More

Topics: nanny, agency, senior, CPA, coronavirus, COVID-19

The American Rescue Plan Act- What's the Impact?

Posted by HomeWork Solutions on 3/12/21 6:04 PM
Read More

Topics: nanny, agency, senior, CPA, coronavirus, COVID-19

Why Outsourcing Nanny Payroll and Taxes is Good for Your Clients

Posted by HomeWork Solutions on 1/21/21 9:00 AM
Read More

Topics: W-2, outsource nanny payroll, CPA

2021 Household Employment Coming Changes

Posted by HomeWork Solutions on 1/12/21 12:33 PM

Updated 11 January 2021

Every year HomeWork Solutions prepares a "what's new or changed" roundup of household employment tax laws and benefit information.

HOUSEHOLD EMPLOYEE 2021 WAGE BASE:

The IRS annually reviews, and adjusts as necessary, the wage payment threshold that obligates a family to pay Social Security and Medicare taxes and issue employees W-2 forms. This threshold will increase to $2,300 for 2021.

Read More

Topics: nanny, agency, senior, CPA

2021 Household Employment Coming Changes

Posted by HomeWork Solutions on 12/23/20 8:00 AM

Updated 22 December 2020

Every year HomeWork Solutions prepares a "what's new or changed" roundup of household employment tax laws and benefit information.

HOUSEHOLD EMPLOYEE 2021 WAGE BASE:

The IRS annually reviews, and adjusts as necessary, the wage payment threshold that obligates a family to pay Social Security and Medicare taxes and issue employees W-2 forms. This threshold will increase to $2,300 for 2021.

Read More

Topics: nanny, agency, senior, CPA

Healthcare Reimbursement Arrangements- Act Now During Open Enrollment!

Posted by HWS Guest on 12/1/20 11:00 AM

Healthcare open enrollment season is here, so we've asked our partners at Take Command Health to offer insights on why a Healthcare Reimbursement Arrangement (QSEHRA or ICHRA) may be right for you and your employee.  Here  is CEO Jack Hooper's take:

Read More

Topics: nanny agency, nanny, senior, CPA, HRA, Healthcare

Did Your Clients Hire a Nanny This Year?

Posted by Jay Schulze on 11/24/20 8:00 AM

Did your clients hire a nanny, private tutor, or senior caregiver this year? Due to work at home orders and government shutdowns of schools and childcare facilities, you should be expecting more “Nanny Tax” issues than ever before. Here’s why you should act now: 

Read More

Topics: hiring a nanny, nanny tax, CPA

Real Human Beings Are Standing By

Complete the form below and one of our payroll experts will reach out to you ASAP. You may also call 1-877-899-3004 to speak with our team immediately.


Subscribe to Email Updates

Recent Posts

Posts by Topic

see all