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You’ve found a nanny, negotiated wages, and she has started work in your home. Now comes the tricky part of figuring out her payroll tax deductions and issuing the pay stub. If you have never done this before, it can be challenging. Here are some of the main details that need to be remembered when it comes time to pay your nanny.
The U.S. Congress has once again brought up the idea of a national domestic workers’ bill of rights. The concept was briefly discussed in the fall of 2018 but has been renewed with additional enthusiasm. Basically, a national domestic workers’ bill of rights would lay out federal law concerning the treatment and rights of domestic workers (nannies, caregivers, housekeepers, etc.). A similar idea to the Fair Labor Standards Act, this law would focus specifically on domestic workers.
Sometimes managing money and paying taxes can get confusing. That’s why bringing in a professional to help answer questions and take care of the details is important. We recently had a nanny call and ask us what the difference was between a CPA (Certified Public Accountant) and a Household Payroll Specialist. Here, we will go over some of the primary differences.
Hiring the right caregiver for your loved one is a personal, delicate process and even when you think you’ve found the right person, there are a lot of different reasons why it might not work out in the long run. Whether it’s simply not the right match, rules have been violated, or schedules are not aligning properly to make the job work, making the decision to take action and fire a caregiver usually isn’t an easy one. Here are some tips on letting your caregiver go.
A client in Texas , Jane, hired a home care worker to help her mother around the house, an important hire to help her mom live safely and independently at home. Jane’s mother lives alone and has recently had to give up her driver’s license due to health issues. She needs someone to help her get out to meet her friends, get to doctor appointments and help with groceries and errands. She also has some housekeeping areas she can no longer safely do herself.
Many, many nannies and senior caregivers have a routine work week that exceeds 40 hours a week. Presuming that the employment situation is long term, most families agree to specific paid holidays. Exactly how does a paid holiday impact the weekly overtime calculation?
If an employer withholds federal taxes from an employee (income and/or FICA) they must be remitted to the IRS timely. If not, you can face hefty penalties and the IRS can come after individual people in a corporation.
Nannies and babysitters – a lot of people use these terms interchangeably, but they in fact are quite different. While it is true that both provide similar services – taking care of children in a parent’s absence – there are some important reasons why there are significant differences between a nanny and a babysitter.
Life can be difficult at times and when there are difficult conversations to be had, you may feel at a loss on what to say or how to say it. Whether it’s talking to your kids about a family member being sick, someone losing an important job, or there is a divorce on the horizon, its best to work together with your nanny to help your kids process emotions and come out well at the end of the situation. Here are some tips on how nannies and parents can work together in difficult times.
Employee incentive plans are a great way to motivate staff and help foster overall organizational growth. Sometimes they are pretty simple, but they can get complex and troublesome quickly. Here are some things to think about to start from a solid foundation.