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.
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.
Kids look forward to having a break from attending school, but for parents and nannies this can sometimes pose a bit of a challenge. Nannies can alleviate the boredom that kids sometimes face during school breaks. Whether the school holiday is a week or two months, the breaks need to be planned for ahead of time. Here are some tips for planning for school breaks so it is fun for both the parents and the kids.
The tax year 2018 audit stats are out and the IRS has revealed that fewer taxpayers were selected for audits than in prior years. That doesn’t really matter though if you are one of the unlucky few! Also, things like not paying household employment taxes increase your risk of an audit. Let’s take a look at some numbers and strategies everyone can use.
If you have decided to hire a household employee, you may be researching the details involved. One of the most important things you will have to do is negotiate a fair wage and understand the taxes and benefits involved with adding someone to the payroll each month. Here are some tips on how to negotiate pay rates and benefits.
You’ve hired a household employee and now it is time to hammer out the details about the work arrangement. You can talk about the details first, but it is important to let that just be the beginning of it. Everything that you have discussed should be solidified in a written work agreement. This makes things simpler in the event that any question or confusion arises later down the road during your employee’s time working for you. Here are some tips on why the details in a written work agreement are important to have.
When does a nanny need to drive the children? Many families who hire a nanny need the nanny to provide some basic transportation for the children. This can be the regular drop off and pick up from morning preschool, transportation to and from sports practice, religious education classes, or other scheduled activities. It can also be the occasional trip to the doctors or orthodontics appointments, or occasional transportation to a classmates birthday party. Whether the nanny needs to drive the children routinely or simply upon occasion, there are important considerations for all parties.
If you employ someone to work in your home such as a nanny or a housekeeper, they are your employee and you are required to treat them as such. As an employer, you are legally required to ensure that their workplace is safe. Unfortunately, accidents happen sometimes, and you will need to be prepared. Having a worker’s compensation policy in place will ensure that your employee will be compensated for any medical care that is needed, including rehabilitation and/or lost wages due to an injury or medical procedure that happened while they were on the job. In addition, your worker’s compensation insurance will help protect you from lawsuits that could happen as a result of an accident at the workplace. Here are some additional reasons that show the importance of worker’s compensation insurance.