Earlier HWS reported on changes to tax-free employer assistance with nanny health insurance in 2017. As we approach the end of the year it is important to note that the reimbursement by an employer for nanny health care expenses - or any household employee's health care reimbursement - requires reporting of the benefit on the nanny's W-2 form.
Jason Deshayes (AICPA) delivered a session that was applicable to any business really, not just CPAs. Client service is a prime differentiator especially in smaller local firms. If you’re doing this wrong, you won’t be “doing” very long. Luckily Jason laid out some solid advice to make this easy for you. The session had three main focus points; finding fee increasing opportunities, going from service provider to trusted advisor, and best practices to act on now.
Topics: accountants, CPA
Finding the right in-home care for your loved one is an incredibly important decision. Maybe your loved one needs medication supervision on a regular basis, or maybe they are recovering from a fall or surgery. In-home caregivers can provide non-medical services as well as homemaker tasks, as well as administering medication and helping with bathing and grooming. Finding the right person to care for your loved one means you’ll need to take some time to do your research, including interviewing several people that you feel might be the best match. But, before you set out on your journey of finding a new household employee, here are some mistakes that should be avoided.
Topics: elder care, senior home care, agency, senior, CPA
Tuesday morning at Engage 2017 kicked off with a business titan sharing advice to an arena full of people. Kevin O’Leary (Mr. Wonderful on Shark Tank) took the stage and shared with us lessons from his business and personal life. His advice revolved around creating and building successful businesses, something he clearly knows a lot about. This ended up being a theme for the week, focusing on your firm as a business and how to grow it into the future.
Topics: accountants, agency, CPA
New York's comprehensive Paid Family Leave Act becomes effective January 1, 2018.
Topics: senior care, nanny, agency, CPA
“Let’s meet about that” is a popular refrain that echoes regularly through the offices and hallways of organizations everywhere. Often though, said meetings are hastily arranged and largely unproductive. Although emergency “huddles” are sometimes called for, good meetings are well planned. Here are some important points to keep in mind.
Topics: accountants, CPA
The Affordable Care Act allows small employers to make health coverage available to their employees through the Small Business Health Options Program (SHOP). The 21st Century Cures Act enacted another option as well, the Qualified Small Employer Health Reimbursement Agreement (QSEHRA).
