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Unlocking Tax Savings with Employee Benefits: The Power of QSEHRA/ICHRA for Your Household Employee

Posted by HomeWork Solutions on 1/16/24 11:38 AM

In the modern economy, more and more households are hiring domestic help, whether it's a nanny, caregiver, or housekeeper. These household employees play a crucial role in keeping our lives running smoothly, and it's important to recognize their dedication and hard work. One effective way to show appreciation and also maximize tax savings for you, and your employee, is by offering a Qualified Small Employer Health Reimbursement Arrangement (QSEHRA) or an Individual Coverage Health Reimbursement Arrangement (ICHRA).

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Topics: nanny agencies, senior care, nanny, nanny tax, household payroll tax, nanny benefits, household independent contractor, household payroll, agency, senior, CPA

Newborn Care Specialist: Employee or Contractor

Posted by HomeWork Solutions on 7/25/17 4:51 PM

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.

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Topics: household employee, household independent contractor, newborn care specialist

Household Workers: Employee vs. Independent Contractor

Posted by Vanessa Vidal, FPC on 10/22/13 4:43 PM

HWS client care specialists field inquiries about worker classification - whether a household worker is an employee or an independent contractor - all the time.  Families call questioning whether they can treat their household employee as an independent contractor, provide them a 1099 Form instead of a W-2, and avoid the entire issue of payroll taxes.

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Topics: worker misclassification independent contractor, 1099 v w-2, nanny independent contractor, household independent contractor

Elder Care Hiring: Employee or Independent Contractor

Posted by HomeWork Solutions on 9/11/13 3:07 PM
The IRS is increasing its focus on improperly classified domestic workers, including those hired to as senior home care professionals.

An adult 18 years of age or older who works in your private home and to whom you pay more than $1900 in cash wages (as of 2014) per year is subject to payroll tax obligations.  Distinguishing between an independent contractor and an employee is crucial to remaining in compliance with IRS regulations.

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Topics: worker misclassification, worker misclassification independent contractor, 1099 v w-2, household independent contractor, senior home care, senior home-care workers

Nanny Given a 1099 Fights Back

Posted by HomeWork Solutions on 12/20/12 7:53 AM

Nannies are employees of the families they work for. They are not independent contractors, whether the family or nanny wants to be or not.

Families sometimes try to completely side step their employment tax obligations by giving the nanny a 1099 form at year end. In so doing, they avoid paying their share of Social Security and Medicare taxes, as well as unemployment taxes, and they push their tax obligations on to the nanny. This path allows the family the benefit of child care tax credits without the corresponding expense of paying their portion of the employment taxes.

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Topics: nanny w-2 form, domestic employer legal responsibilities, nanny independent contractor, household independent contractor

Elder Caregiver as Independent Contractor?

Posted by HomeWork Solutions on 10/8/12 2:58 PM

Many of HomeWork Solutions’ professional staff hold American Payroll Association (APA) professional accreditation. Regular professional education is a requirement to maintain credentials, and we receive many notices regarding webinars that help fulfill CPE credit requirements.

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Topics: elder care, household independent contractor

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