Do you know which of your clients have hired a nanny, private tutor, or senior caregiver this year? In response to school, daycare, and nursing home closures across the country, household employment is at an all time high. Don’t be left scrambling to complete W2s and unemployment tax filings in January. Now is the time to contact clients about their “nanny tax” obligations!
Topics: household employee, nanny tax, nanny taxes, nanny tax compliance, CPA, 2020 taxes
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:
Topics: hiring a nanny, nanny tax, CPA
If you have recently started a position with a new employer, you’re probably learning about the different benefits that you’ve been hired with. Many household employers who do not offer group health coverage for their employees help pay for medical expenses through a Qualified Small Employer Health Reimbursement Arrangement (QSEHRA). When you negotiate this benefit with your new employer, it will help pay your health care costs for qualifying health insurance coverage. If you have never worked with a QSEHRA before, we’ll break down the important must-knows here.
Topics: nanny, nanny payroll tax, nanny tax, agency, senior, CPA, Tax Holiday
Topics: nanny, nanny payroll tax, nanny tax, agency, senior, CPA, Tax Holiday
The worldwide COVID-19 pandemic has caused unprecedented job loss and disruption to the economy. Household workers are some of the most economically vulnerable workers, as they live paycheck to paycheck in many instances. While some highly qualified nannies are landing on their feet as their college education provides a good baseline to help with home schooling, other wonderful caregivers with less educational experience find themselves out of work with no immediate prospects.
Topics: senior caregiver unemployment insurance, nanny unemployment insurance, nanny, agency, senior, CPA, COVID-19
The Coronavirus Aid, Relief, and Economic Security (CARES) Act isn’t just about easing employers’ tax burdens. It also impacts employee benefits.
California Governor Gavin Newsom's Executive Order N-62-20 in response to the COVID-19 pandemic effectively means that a nanny, senior caregiver or other household employee with test-confirmed COVID-19 illness will be presumptively compensable by workers’ compensation.
Virginia labor laws have historically been friendly to employers. New legislation signed into law this year, however, significantly changes a worker’s right to redress in an area of keen importance to household employers – namely wage theft.
Engaging a senior care aide to help a beloved aging family member is complex. You need to balance the needs and preferences of the adult receiving the assistance, budget, and administration. Ask any friend who has done this and they will confirm that there is one constant - that nothing is constant and needs are constantly evolving.
Many senior care aides support the elderly in Senior Living Apartment centers, many of whom are forbidding FAMILY and FRIENDS from visiting their residents during the COVID pandemic, and the aides are assuming many responsibilities that family used to do.
When hours increase and you need to calculate your senior caregiver’s overtime, it can get confusing sometimes. Here is a helpful example.
