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
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.
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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.
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Topics:
eldercare,
caregiver payroll,
nanny agency,
senior care,
nanny employment practices,
nanny,
nanny tax,
nanny overtime,
household payroll,
Senior Caregiver Payroll,
agency,
senior,
CPA
If you are seeking to provide a tax advantaged healthcare reimbursement, such as a QSEHRA, to your household employee, you need to make sure it is ACA compliant. Let's delve into what it takes for a plan to be ACA-compliant and what might not meet those standards.
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Topics:
eldercare,
household employee,
nanny agency,
senior care,
nanny,
nanny health insurance,
household payroll,
senior caregiver health insurance,
agency,
senior,
CPA
If you recently hired a household employee who lives out of town, there is a good chance you have discussed reimbursement for moving expenses. These costs can be a burden for employees, so employers often step in and help with the expenses or cover them completely. Here are some things to remember when it comes to paying for moving-related costs surrounding the hiring of your new employee.
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Topics:
household employee,
household employer,
nanny expense reimbursement,
household payroll literacy,
nanny agency,
household payroll,
caregiver,
IRS
Are you considering hiring a nanny? As a household employer, paying your nanny a fair wage is essential. While you may not be required to offer paid vacation, health insurance, paid sick time, or retirement savings plans, offering some benefits is important. Benefits can help you attract and retain the best nannies in the industry. In addition, it helps your nanny avoid exhaustion or burnout. So, while you are considering your nanny's employment details, make sure you think seriously about what it takes to provide a good benefits package.
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Topics:
nanny employment practices,
nanny,
nanny payroll tax,
nanny health insurance,
nanny benefits,
household payroll
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?
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Topics:
household employee,
nanny summer schedule,
nanny agency,
nanny payroll,
nanny payroll tax,
nanny tax,
nanny wage,
household payroll,
temporary nanny,
nanny job search
Hiring a household employee is a personal decision that requires a lot of consideration. Whether it’s a housekeeper, a nanny, or senior caregiver, hiring an experienced worker in your home is important. Did you know that as soon as you hire someone ,you become a household employer? That means you will need to pay them as an employee – not off the books. Here’s why you should never evade “nanny taxes.”
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Topics:
nanny tax audit,
nanny payroll tax,
household payroll,
childcare,
employment compliance
It is no secret that 2020 has been a difficult year for many families. 2021 brings hope and possibilities, and for those resolving to make this upcoming year run more smoothly, hiring experienced in-home employees can help. Whether it is a senior care professional, nanny, housekeeper, a personal chef, or someone else that can assist around the home, hiring domestic employees for the services you need is incredibly beneficial.
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Topics:
nanny agencies,
nanny payroll tax,
nanny tax compliance,
household payroll,
caregiver,
senior home care,
nanny job search,
child care
Whether you hired a nanny, a housekeeper, a personal assistant, or a private educator this year, there are some important things to know when it comes to filing taxes. When you hire someone to work in your home, you become an employer. Tax and labor laws generally apply, even if there are some small exemptions unique to household employers. Many families don’t know this and make the mistake of paying the employee “off the books.” This could be a very costly error. Here are some specific ways to avoid domestic employee tax problems.
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Topics:
housekeeper,
household employee taxes,
nanny payroll tax,
nanny hourly wage,
nanny independent contractor,
nanny tax compliance,
household payroll,
caregiver