Like all employers, household employers are required to keep specific payroll records for their employees. In addition to initial hire documents, such as W-4s and I-9 paperwork, there are ongoing records that you should keep as well.
Like all employers, household employers are required to keep specific payroll records for their employees. In addition to initial hire documents, such as W-4s and I-9 paperwork, there are ongoing records that you should keep as well.
Topics: senior care, nanny, agency, senior, CPA
Minimum wage will be increasing in many states and cities across the country. As longtime advocates for fair and legal pay, we believe this is long overdue! Domestic employees deserve a living wage that fairly compensates them for the invaluable work they do to keep our household running.
Topics: senior care, nanny, agency, senior, CPA
If you are working on growing your small business and you hire a nanny to help care for your children, or a caregiver to assist an aging parent, you might wonder if you can pay their wages through your business. Unfortunately, this is generally not allowed. According to the IRS, your household employee's wages are not considered a business expense.
Topics: senior care, nanny, agency, senior, CPA
Claire is a senior caregiver that severely twisted her ankle while going down the stairs on the job. She went to urgent care and was told she had a serious sprain and needed time to heal. She would need to stay off her feet as much as possible for the next three weeks. The clerk at the doctor’s office explained that she should file a worker’s compensation claim to ensure the urgent care bills were paid. Claire also learned workers compensation insurance policies also generally cover payments made to employees for lost wages while they are out of work.
Topics: nanny workers compensation insurance, senior care, workers compensation household employees, agency, senior, CPA
If you have recently hired a new employee to work in your home, it’s important to get their payroll details lined up immediately. Deciding to pay them partially off the books to save on taxes, but partially on record to contribute to their work history, is illegal and you’ll only create a headache for yourself later when the full picture comes to light. Here, we’ll explain why.
Topics: senior caregivers, senior care, nanny, senior
Adele’s elderly mother expressed her desire to stay in her home independently rather than move into assisted living. Adele did her research to find a qualified and compassionate caregiver to assist. After recently giving up her driver’s license due to health complications, it was critical for Adele’s mother to have a caregiver who would help with with transportation to and from medical appointments, meetings with friends, and provide assistance with grocery shopping.
Topics: senior care, nanny, Senior Caregiver Payroll, agency, senior, CPA
If you are working as a household employee, it is important to understand what taxes you will need to pay. It is easy to feel confused about what you need to pay and when. This is especially true if your employer does not withhold income taxes from your paychecks.* Here are some important tips.
Topics: senior care, nanny, agency, senior, CPA
The end of 2022 is right around the corner. This is a popular time for household employers to recognize their employees with a holiday bonus. A bonus is a great way to show your appreciation for a job well done and shows your employees that you are grateful for their dedication.
Topics: senior care, nanny, agency, senior, CPA
Kelley R. is a licensed social worker and a new mom. She and her husband hired a nanny so she could go back to work. After reviewing their budget, Kelley and her husband found a great nanny through a friend’s recommendation. Kelley saw no problem with agreeing to her request for a weekly wage of $800 take home after taxes, about $41,600 per year. Kelley found that getting all the reporting and tax calculations right – particularly when working from a net take home pay – proved to be a headache.
Topics: senior care, nanny, nanny hourly wage, nanny wage, agency, senior, CPA
When you hire someone to work in your home, it is important to make sure you classify their employment correctly, and pay them legally. Most household workers are classified as employees, and with that employment relationship comes payroll and tax reporting requirements. Providing a paystub is one of these requirement in most states. The only states without paystub laws are Alabama, Florida, Arkansas, Georgia, Louisiana, Mississippi, Ohio, South Dakota, and Tennessee.
Topics: worker misclassification, payroll, senior care, nanny, wage theft prevention, agency, senior, CPA