HWS has been providing Nanny Tax compliance services since 1993. Did you know, in a recent client survey, the biggest motivation for employers in outsourcing nanny tax compliance is the time saved?

How much time an individual would spend on their nanny taxes will of course vary between individuals. The IRS estimates that record-keeping, keeping familiar with the law, and tax return completion can run 60 hours per year. Record-keeping accounts for the lions share of the time, an activity that needs to be done every payroll period.

I was chatting with a client today. This gentleman has used our services for many years, and his household circumstances are changing. In the course of the conversation, I asked him what factors caused him to continue using our services year after year. He answered without hesitation "The time savings!" He went on to state that he actually spends only about one hour a year on his nanny taxes - primarily in collecting his information and responding to our quarterly requests for wage reports. (This client is a NaniTax Plus subscriber.) He was certain that he had never filed a tax return on time before hiring HomeWork Solutions, and that the savings in late fees alone was more than our fee. I suspect some exaggeration, but not much!

Topics: nanny payroll, nanny tax, household payroll tax

Navigating the roadmap of senior home care can be challenging, and the everchanging laws make it even more overwhelming. We are receiving an increasing number of emails regarding the so-called "Nanny Tax," and other concerns surrounding private household employment of senior home caregivers. In response to these questions, we decided to address the top three Elder Care FAQ’s

Topics: elder care, eldercare, household employee, nanny tax, Hiring Elder care, senior home care

Families know that a comprehensive, legitimate pre-employment background check, thorough reference checking and organized behavioral interviewing questions are the gold standard in nanny recruiting. The careful background screening is a must, but you should not be lulled into thinking that just because a nanny that passed these 3 steps with flying colors you don't need to pay attention and observe the nanny on the job.

Topics: nanny, nannies, nanny tax, nanny tax compliance, nanny background screening

With compliance rates hovering around 10-20%, many household employers are only now beginning to seriously consider the costs and risks related to paying nannies and other household workers "on the books." While filing and paying taxes on household employees brings with it additional costs and paperwork, more families are recognizing the merits of filing as employers, and helping household workers with income tax withholding.  

Topics: household employee taxes, nanny payroll, nanny tax, nanny taxes

The Internal Revenue Service issued new 2014 income tax withholding schedules and they are fully integrated with our online tax calculator now. We are fielding a lot of inquiries about new paycheck amounts and will try to address the common questions here:

Topics: nanny, nanny tax, nanny taxes, household payroll tax

Don’t be stuck in fear ! We are here to help you! 

I have told many of our clients that they are not the first person that we have helped when they were behind on their nanny taxes. I tell them that because it’s true!

Topics: household employee taxes, W-2, nanny payroll tax, nanny tax, nanny taxes

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

While mileage reimbursement and commuter transit benefits are scheduled to decrease January 1, 2014, other nanny tax numbers will increase.

Topics: nanny tax, domestic workers bill of rights, nanny mileage reimbursement

Can you believe another year has flown by already?  And 2014 is right around the corner …

HomeWork Solutions wants to help you stay ahead of the game by summarizing important deadlines and considerations before you get caught up in the holiday festivities.

Topics: nanny w-2 form, nanny tax, nanny wage

This article uses a factual scenario common to many nanny hires in order to help provide some guidance and clarification to families and nannies when negotiating nanny compensation.

After I had my first child and as my maternity leave days were coming to an end, I realized that I would need to hire a nanny to help me take care of my newborn.  I interviewed a few candidates and fell in love with Sarah; she seemed to really, genuinely care about my baby.  I felt confident with her; she was truly the best fit for my family.  Sarah was offered $500 a week.  She accepted my offer and was hired right away!

Topics: nanny tax