Surprisingly (or maybe not…), the Internal Revenue Code doesn’t provide a neat little list of exactly what can and can’t be deducted as a business expense. Instead, it gives us this broad guideline:

Topics: nanny taxes, household payroll, agency, CPA, business expense deductions, household employee tax rules, self-employed tax write-offs

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.

Topics: caregiver payroll, household employee, nanny payroll, nanny taxes, household payroll, homework solutions

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

Relocating your family can be an exhilarating, yet overwhelming experience. From finding a new home to selling the old one, changing jobs or transferring within a company, packing, unpacking, and managing various other tasks, the to-do list can seem never-ending. Amidst all the chaos, it's important not to overlook your nanny taxes. Dealing with payroll tax matters can be more complex than you might expect, but HomeWork Solutions is here to assist you!

Topics: nanny payroll tax, nanny taxes, senior caregiver employment practices

Do you know which of your clients have hired a nanny, private tutor, or senior caregiver this year? In response to school, daycare, and nursing home closures across the country, household employment is at an all time high. Don’t be left scrambling to complete W2s and unemployment tax filings in January. Now is the time to contact clients about their “nanny tax” obligations!

Topics: household employee, nanny tax, nanny taxes, nanny tax compliance, CPA, 2020 taxes

Your nanny is an important part of your family. She takes care of your kids when you are away, and she gives them the love and attention that they need. Paying your nanny a fair wage is one way to show your appreciation for her attentive work with your kids, but when she goes above and beyond, you can choose to acknowledge her in an even greater way. Here are some ideas on how to do that.

Topics: household employee, nanny agency, nannies, nanny taxes, nanny bonus, agency

Employers are faced with a variety of tasks and deadlines and sometimes staying on top of activities and dates can be difficult. Did you neglect to report and pay your nanny taxes in 2016? There’s good news: it’s not too late. Here are some important must-knows.

Topics: nanny taxes, outsource nanny tax

We’ve seen it shatter the dreams of potential officeholders, time and time again — no, it’s not adultery, bribery, or breaking into the Democratic National Headquarters — we’re talking about the nanny tax.

Topics: nanny tax, nanny taxes

When you think about taxes, how do you feel? Do you feel a surge of dread or an overwhelming sense of confusion? It’s normal to feel this way because let’s face it, reporting nanny taxes can get complicated.

Topics: nanny taxes

 

The historic 2016 US Presidential Election will bring sweeping change to Washington DC, and an expected 4,500 jobs will be staffed by the incoming president in the next two months as he establishes his team. The Presidential Transition Team is already vetting nominees for Cabinet positions and political appointees in various senior-level agency and ambassadorial posts.

If you are being considered for any of these positions, you’ll be required to answer questionnaires as part of the vetting process that includes references to household employment and the “nanny tax”. Questions might be something like:

Topics: nanny tax audit, nanny taxes