Summer is right around the corner, and kids are dreaming of their extended vacations. Unfortunately, many parents don't get the same amount of time off from their work responsibilities. Will you need an extra hand with the kids this summer?
Summer is right around the corner, and kids are dreaming of their extended vacations. Unfortunately, many parents don't get the same amount of time off from their work responsibilities. Will you need an extra hand with the kids this summer?
Topics: household employee, nanny summer schedule, nanny agency, nanny payroll, nanny payroll tax, nanny tax, nanny wage, household payroll, temporary nanny, nanny job search
At HomeWork Solutions, we understand household payroll and tax preparation can be complicated. With tax laws changing regularly, it can be challenging to stay up to date on everything. Outsourcing will save you time and the headache of researching what has changed and what hasn't. You won't need to worry about making a mistake with deductions, either. Your household payroll specialist is skilled in each part of the process, navigating everything for you—the result: payroll and tax preparations are seamless.
If you've recently hired a household employee like a nanny or senior caregiver, and you don't have the time to manage payroll and tax deductions for your household employee, consider outsourcing the work to a qualified payroll and tax provider like HomeWork Solutions. That way, you and your employee are compliant, and you can rest easy knowing all the details are handled.
If you needed more of an incentive to start paying your household employees on the books, The American Rescue Plan Act is now in place for additional financial help, providing families with even more tax credits. It's never been easier to do the right thing and pay your employee's taxes accurately and on time.
Topics: household employee, nanny payroll tax, nanny tax compliance, caregiver, senior home caregiver, outsource nanny payroll, agency
Hiring a senior caregiver, a nanny, or a housekeeper who regularly works in your home is a personal decision. It takes time to find the right person to fit your family's unique needs, so once you've found that person, it's essential to get things started on the right foot. Here are three of the most important things to do immediately upon hiring your new domestic employee.
Topics: household employee taxes, household employee, nanny payroll tax, nanny work agreement, nanny tax compliance, caregiver, nanny management
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
Around the country, the beginning of the school year is starting out differently. Distance learning is the new norm for many states and counties and that means kids and parents are juggling a lot. But there is good news! There are options. The first one: parents can utilize the services of a nanny or a learning pod to help provide the support and quality education that kids deserve this year. Here’s how.
Topics: nanny share, household employee, household employer, nanny agency, home health workers, senior home care, nanny sal, childcare, employment compliance, private educator
Your nanny is an important part of your family. She takes care of your kids when you are away, and she gives them the love and attention that they need. Paying your nanny a fair wage is one way to show your appreciation for her attentive work with your kids, but when she goes above and beyond, you can choose to acknowledge her in an even greater way. Here are some ideas on how to do that.
Topics: household employee, nanny agency, nannies, nanny taxes, nanny bonus, agency
Newborn care specialists are a relatively new form of specialty nanny. Formerly known as "baby nurses," the NCS typically cares for a newborn for the first several weeks to the first several months of life. They are specialists on working with newborns, premature babies, and multiples such as twins and triplets. The NCS partners with the new parents, educating them as required on infant care, provides care for the baby so mom can rest and recover, and helps the infant develop good feeding and sleep schedules and patterns.
Topics: household employee, household independent contractor, newborn care specialist
Navigating the roadmap of senior home care can be challenging, and the everchanging laws make it even more overwhelming. We are receiving an increasing number of emails regarding the so-called "Nanny Tax," and other concerns surrounding private household employment of senior home caregivers. In response to these questions, we decided to address the top three Elder Care FAQ’s
Topics: elder care, eldercare, household employee, nanny tax, Hiring Elder care, senior home care
Hiring a nanny to care for children, or a caregiver for an elderly family member can be very expensive. These employees often work long hours and your need for their services is generally perpetual. The high cost of employing household workers often makes it tempting for families not to report paid wages, since reporting carries additional financial requirements related to unemployment insurance and other benefits. However, the risks to families who do not pay their domestic employees "on the books" are considerable.
Topics: household employee taxes, household employee, household employer, household payroll tax, workers compensation household employees
Regardless of whether your household employee is full time or part time, employers are required to pay employment taxes if the employee is paid $1900 or more per year (in 2014).
Topics: household employee, household employer, nanny taxes, 1099 v w-2, household payroll tax, household payroll