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20 years ago HomeWork Solutions was founded dreaming of creating a service business to help busy families deal with household payroll tax compliance. The failed Zoë Baird cabinet nomination provided the inspiration and belief that many smart, successful families not only wanted, but needed help in this labyrinthine area of tax and employment law.
Topics: nanny payroll, nanny tax, nanny tax compliance
New York State Law requires all private employers to provide written notice to employees of their rate(s) of pay and designated pay day on an annual basis. Notice must be provided between January 1 and February 2 2013. NYS' FAQ on the Wage Theft Prevention Act specifically states that an employer may not choose another time of the year to provide the notice!
Topics: nanny payroll, domestic workers bill of rights, calculate nanny payroll tax, nanny employee, household payroll tax, new york household employment, nanny work agreement
In the household staffing arena, it is very common for families to express their appreciation for valued service with an end of year monetary bonus. Household employers often have the following questions:
Topics: nanny payroll, nanny bonus, nanny wage
The IRS an increase to the standard mileage reimbursement rate to take effect January 1st, 2013. The new rate increased from 55.5¢ (2012) to 56.5¢. For compliant household employers preparing to give their nannies a W-2 this tax season, this is imperative information.
Topics: nanny expense reimbursement, household employee expense reimbursement, nanny payroll, nanny mileage reimbursement
Sharing with you an article prepared by a CPA as part of an October series titled "Women, Work and Money." The series is sponsored by a generous grant from the Jewish Women’s Foundation of New York.
Topics: nanny payroll, nanny tax
A quick update for HomeWork Solutions' clients and their caregivers...
Topics: nanny payroll
Monday December 19, 2011 Update: What appeared a certainty two days ago is suddenly in jeopardy today. The House of Representatives is poised to reject the Senate's 2 month extension of the payroll tax holiday - insisting on a bill that funds the extension for a full year. We are watching this...
Topics: nanny payroll, nanny payroll tax, domestic employer legal responsibilities, household payroll tax, household paycheck calculator
Many families have children heading back to school this month. It is not uncommon for a nanny who cares for both an elementary school child and a pre-schooler or younger to negotiate two different hourly rates - one for one child only, the other for both. The puzzle for many nanny employers is how to calculate the correct overtime rate. Legally, the "regular rate of pay," that which is used to calculate the overtime differential, must be at least the weighed average of all rates used in the work week. Here is an example:
Topics: nanny payroll, nanny hourly wage, nanny overtime
This is a reminder that the nanny's (employee's) Social Security Tax Rate is reduced to 4.2% for 2011. According to Internal Revene Service guidance, all employers must be making correct payroll tax deductions no later than January 31, 2011 and they must make refunds to the employee of any over-collected Social Security Taxes on wages paid in 2011 by that date.
Topics: nanny payroll, nanny payroll tax, nanny tax, nanny social security tax rate
Illinois Governor Quinn signed legislation on Thursday, January 13, 2011 that increased income taxes for Illinois residents.
Topics: nanny payroll, nanny payroll tax, calculate nanny payroll tax