When caring for a senior loved one, planning for unexpected emergencies is essential. Seniors are particularly vulnerable in weather events and natural disasters and often have health conditions that require close monitoring. Ensuring a thorough emergency preparedness plan is a key responsibility for families and their in-home caregivers. Here are some updated tips for creating your 2025 emergency response plan.
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Topics:
senior,
homework solutions,
Emergency preparedness for seniors,
Senior caregiver emergency plans,
Senior safety during natural disasters
If one of your household employees recently filed for unemployment benefits, you might be feeling unsure about your next steps. Don't worry—this is a common situation, and we're here to guide you through it. Understanding what it means when a former employee files an unemployment claim can help you respond properly and avoid any potential complications. Let’s break down the basics of unemployment claims and explain what’s required of you as an employer.
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Topics:
nanny,
household payroll,
homework solutions
At HomeWork Solutions, we understand that household employment can bring unique challenges for CPAs and financial professionals. Whether it’s a client who just hired a nanny or a question about how to handle household payroll taxes, we're here to make sure you have the insights you need. To help you guide your clients confidently, we’ve compiled a list of nine essential tips that will keep you on the right track.
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Topics:
CPA,
homework solutions
At HomeWork Solutions, we know that managing taxes can be confusing, especially when you're working as a nanny or caregiver. You might be tempted to try to simplify things by claiming "exempt" on your W-4 tax withholding form, thinking that it will allow you to keep more of your paycheck. However, this decision can lead to serious financial and legal consequences down the road.
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Topics:
caregiver payroll,
household employee,
nanny payroll,
nanny taxes,
household payroll,
homework solutions
As household employers in 2024, we know the importance of building strong, trusting relationships with our nannies and senior caregivers. Performance evaluations are a crucial part of this, but traditional reviews can feel daunting and unproductive. It's time to transform these evaluations into empowering conversations that foster growth and satisfaction for everyone involved.
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Topics:
nanny,
household payroll,
senior,
homework solutions
If you’ve recently hired a household employee, you’re likely aware you have employment tax obligations. One crucial and often overlooked responsibility, in addition to social security and Medicare taxes, is paying Federal and State Unemployment Insurance taxes. This benefit program can be confusing, but we’ll explain the essential details.
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Topics:
nanny,
senior,
homework solutions
Nanny sharing is a popular solution for families balancing quality childcare with budget constraints. This arrangement allows one nanny to care for children of more than one family simultaneously. This arrangement offers social benefits for the children and financial savings for the parents. At the same time, the nanny generally makes a slightly higher hourly wage. However, as beneficial as nanny sharing can be, it also comes with challenges. Let's explore some common issues in nanny-share situations and provide practical solutions to ensure a smooth experience for everyone involved.
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Topics:
nanny share,
nanny,
household payroll,
homework solutions,
childcare solutions
If you hire individuals to work in your home, such as nannies, senior caregivers, or housecleaners, you are likely a household employer in the eyes of federal labor and tax authorities. This employment relationship means you're responsible for filing the proper taxes and providing the necessary paperwork to your employees if you pay them over $2,700 for the year (updated for 2024).
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Topics:
household employer,
nanny tax,
Senior Caregiver Payroll,
domestic worker,
caregiver tax,
schedule H,
household employment,
homework solutions