As a CPA, your expertise is unparalleled, but staying abreast of every niche area of accounting can be overwhelming. Industry-specific laws and regulations, especially those governing household employees, are complex and ever-evolving. This is where outsourcing can make a significant difference, relieving you from the burden of constant learning and allowing you to provide more comprehensive service to your clients.

Topics: household payroll, CPA, schedule H

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.

Topics: nanny share, nanny, household payroll, homework solutions, childcare solutions

 

Topics: nanny, household payroll, homework solutions

Caring for an aging loved one can be overwhelming, especially when balancing work and other responsibilities. More families are exploring the option of privately hiring senior home care to ensure their loved ones can age in place safely and happily. You might wonder what to consider when hiring senior home care assistance. Let's break down the costs and options for in-home senior care.

Topics: aging in place, household payroll, senior, Aging at home

For CPAs, now is a great time of year to ensure clients with household employees—like nannies—are doing things the right way to make tax time easier for them and for you. It’s ideal if these clients have diligently tracked hours, issued accurate paychecks with the appropriate Social Security and Medicare taxes withheld, and kept up with quarterly unemployment tax filings and W-2 distribution. Unfortunately, this scenario is more the exception than the rule. Many employers of household employees are either not fully aware of their responsibilities or find themselves too pressed for time to manage them effectively, often creating additional workload for their CPAs.

Topics: household employee, household payroll, CPA

When you hire a new household employee, it's important to handle the process carefully and thoroughly. Whether you're welcoming a nanny, a senior caregiver, or a household chef, understanding the key steps can help ensure a smooth integration into your home and family life. Here are several essential considerations to remember as you begin this important journey.

Topics: household employee taxes, caregiver payroll, household staffing agency, household employee, hiring a nanny, nanny employment practices, nanny payroll, nanny payroll tax, nannies, nanny tax, nanny employee, domestic employer legal responsibilities, household payroll, Hiring Elder care, hiring care for seniors, domestic worker, caregiver management

When your nanny decides to leave, whether the parting is mutual or unexpected, it can be an emotional and complicated time for everyone involved. Here are some important steps to consider to ensure a smooth transition and to maintain a positive relationship through the change:

Topics: caregiver payroll, household employee, household employer, hiring a nanny, nanny employment practices, nanny taxes, nanny employee, nanny return of family property, household payroll, nanny employment termination, nanny separation, caregiver, domestic worker, childcare, child care

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).

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

It is time to plan ahead and have an inclement weather policy in place for the upcoming winter weather. Snowy or icy conditions can be unsafe, and safety should always be the top priority when determining if an employee should commute in to work. In the event of a weather emergency, having an inclement weather policy in place ensures everyone knows what to do.

Topics: payroll, nanny agency, senior care, nanny, nanny work agreement, household payroll, senior

The short answer is yes. Domestic employees, such as nannies, household assistants, and elder care providers are hourly employees under the law, and therefore must be paid overtime. The Fair Labor Standards Act (FLSA) provides the framework to determine weekly overtime requirements for household workers. Some states also have laws requiring daily overtime. It is important to understand all applicable rules to determine when overtime pay is due.

Topics: eldercare, caregiver payroll, nanny agency, senior care, nanny employment practices, nanny, nanny tax, nanny overtime, household payroll, Senior Caregiver Payroll, agency, senior, CPA