Occasionally a nanny or other household employee will find themselves in a dispute with an employer, generally a former employer, over unpaid wages. Whether this be overtime that wasn’t properly compensated, failure to meet minimum wage or final wages that were not paid, there exists in every state a mechanism to file an unpaid wage claim and have the state’s Department of Labor Wage and Hour office intervene on his or her behalf. These avenues should be pursued AFTER direct attempts to resolve the situation with the employer have failed.

Topics: nanny, agency, senior, CPA

As a follow up to our previous post about retirement plans, here is some information about 2019 retirement contribution limits. The amounts are indexed for inflation and most have increased this year.

Topics: CPA

HomeWork Solutions' co-founder Kathy Webb recently participated in a nanny educational program focused around legal nanny payroll. In the course of discussions, attendees were anxious for some concrete examples on how the negotiation of pre-tax benefits for health insurance reimbursement and professional development  could be cost neutral to a family and a big win for the nanny.

Topics: nanny, agency, CPA

If you own a small business, or are a household employer, and want to offer a retirement savings plan to your employees the options can get confusing. Offering a 401(k) can be complicated and expensive, but a SIMPLE IRA might be just right. What is a SIMPLE IRA? Here is a breakdown of how they work and some SIMPLE IRA benefits.

Topics: agency, CPA

Most employers are focused on financial metrics when analyzing their business, which makes sense. In recent years though, more attention has been paid to human resource metrics as well. Monitoring these important KPIs below can help any company, household or not, with ensuring smooth operation.

Topics: agency, CPA

Is your to-do list getting longer and longer and does it seem like your demands from day to day just never end? We get it. Sometimes there simply isn’t enough time to keep on top of everything.

Topics: nanny, agency, senior, CPA

All employers are required to keep certain records of payroll. Most know about W-4s, I-9s, and paystubs but there are others to watch out for as well. Here are two examples of records you should be keeping if applicable.

Topics: CPA

Our client Nancy M. came to us with an issue regarding prior cash payments to her mother's caregiver and filing proper tax paperwork.

Topics: nanny, senior, CPA

The start of a new calendar year is always busy and taxes are no exception. The first quarter sees deadlines for both the fourth quarter of 2018 and year end. We’ve pulled together a general list for corporate and household employers. This is not exhaustive so please consult a personal or business tax consultant if you have specific questions about 2018 tax deadlines.

Topics: CPA

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

HOUSEHOLD EMPLOYEE 2019 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 remains at $2100 of wages in a year for 2019.

Topics: nanny, agency, senior, CPA