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
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.
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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
After hiring a nanny or senior caregiver, families often turn to Certified Public Accountants or other tax preparers with questions about what to do next. “How do I handle payroll,” and “Do I have to pay taxes,” are common questions.
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Topics:
caregiver payroll,
accountants,
nanny payroll
If you recently hired a household employee, you know that you have employment tax obligations. One of those is to pay Federal and State Unemployment Insurance tax. This benefit program is confusing to most, so here we will break down some essential things to know about it.
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Topics:
nanny w-2 form,
household employee taxes,
nanny undocumented,
nanny unemployment insurance,
nanny payroll,
nanny benefits,
W-4,
pandemic
Life is busy, and sometimes hiring household employees to help around the house is a necessity. If you are considering hiring a nanny, house cleaners, senior caregiver, personal chef, or some other type of experienced domestic employee, there are a few things to keep in mind.
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Topics:
housekeeper,
nanny agency,
hiring a nanny,
nanny payroll,
caregiver background screening,
caregiver,
senior home caregiver,
domestic worker,
agency,
what to expect
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
The 2020 tax season approaches and more of your clients are hiring nannies and caregivers than ever before. Night nurses for newborns, senior caregivers for mom or dad, and now private educators for students doing school remotely- all present “nanny tax” issues for you and your clients.
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Topics:
nanny share,
nanny agency,
nanny payroll,
nannies,
nanny tax,
nanny tax compliance,
household payroll,
caregiver,
COVID-19,
private educator
A HWS referral partner who operates a nanny referral agency recently contacted our office with the following question:
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Topics:
nanny payroll,
nanny hourly wage,
nanny overtime
A Nanny Tax Case Study
Its true! Ignoring the nanny taxes opens up a whole host of complications and not a single one gets better if you ignore it!
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Topics:
nanny payroll,
nanny tax
When you’re looking to hire a nanny and determining how much you want to pay, you should also factor in the cost of hiring a nanny payroll service. A nanny payroll service will make sure that you have everything you need covered in terms of taxes, payroll deductions, and benefits for your new nanny, and will be a resource to you when you have questions. With a household payroll service, you will have peace of mind that hardworking household payroll specialists are working to get things done right the first time.
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Topics:
nanny payroll