If you are seeking to provide a tax advantaged healthcare reimbursement, such as a QSEHRA, to your household employee, you need to make sure it is ACA compliant. Let's delve into what it takes for a plan to be ACA-compliant and what might not meet those standards.
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Topics:
eldercare,
household employee,
nanny agency,
senior care,
nanny,
nanny health insurance,
household payroll,
senior caregiver health insurance,
agency,
senior,
CPA
Whether you are hiring a nanny, a caregiver for an elderly family member, or any other domestic worker, understanding the Fair Labor Standards Act (FLSA) live-in and live-out designations, is crucial. These federal guidelines ensure fair treatment and compensation for domestic workers, based on the residential status required of their position.
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Topics:
nanny agency,
senior care,
nanny,
Senior Caregiver Payroll,
agency,
senior,
CPA
The Fair Labor Standards Act (FLSA) is a federal law designed to protect the rights and well-being of workers in the United States, including those working in private households. It is important to understand how the FLSA applies to domestic workers and the concept of "hours worked" to ensure a fair and legal working environment. Keep in mind, while these federal requirements apply in all areas, states and localities also have laws regarding hours worked and compensation.
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Topics:
FLSA,
nanny agency,
nanny,
caregiver,
Senior Caregiver Payroll,
domestic worker,
agency
If you are considering hiring a nanny, senior caregiver, or other household employee, and are unsure if your new hire should be paid hourly or salaried, you're not alone. Many families are confused by the rules and guidelines that govern their employment arrangements with domestic employees. The Fair Labor Standards Act (FLSA) provides guidance and explains why nannies and most other household employees are considered "Non-Exempt workers under federal law and must be eligible for overtime pay.
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Topics:
nanny agency,
senior care,
nanny,
Senior Caregiver Payroll,
agency,
senior,
CPA
The Fair Labor Standards Act (FLSA), has played a crucial role in shaping the labor landscape in the United States, and domestic workers have had their unique journey within this historic legislation.
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Topics:
senior care,
nanny,
agency,
senior,
CPA
When it comes to managing your assets and ensuring the well-being of your loved ones, trusts can be a valuable tool. Trusts provide a legal framework for holding and distributing assets, and they can also play a role in employing caregivers to provide necessary assistance. Let’s explore the difference between revocable and irrevocable trusts in the context of employing caregivers, particularly focusing on how an irrevocable trust can serve as the employer of record.
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Topics:
senior care,
nanny,
agency,
senior,
CPA
When seeking a new position, you might hear terms like stipends and reimbursements. While both might sound similar, they have distinct differences which can impact your financial picture.
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Topics:
nanny agency,
senior care,
nanny,
agency,
senior,
CPA
Many Newborn Care Specialists (NCS) find themselves facing the age-old question: "What's the difference between taxes as an employee and as an independent contractor?" Understanding these distinctions can help individuals make informed decisions about their work arrangements and plan their finances more effectively.
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Topics:
nanny,
agency,
senior,
CPA
Being a nanny or senior caregiver is a rewarding and fulfilling profession. While many caregivers are aware of the importance of being paid legally, they may not fully understand the significant benefits that come with it. In this blog, we will explore the safeguards household employees can rely upon when they are paid legally, including access to Social Security, unemployment insurance, and workers' compensation benefits. Let's dive in!
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Topics:
senior care,
nanny,
agency,
senior,
CPA
Being paid in arrears is a payroll term unfamiliar to many new household employers. It is the most common way employees in other industries are paid, and for a very good reason, as it minimizes the likelihood of corrections needing to be made later.
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Topics:
nanny,
agency,
senior,
CPA