If you employ a nanny, senior caregiver, or other household worker, it’s essential to stay informed about payroll tax obligations — especially the FUTA Credit Reduction, which can impact the amount of federal unemployment tax you owe. If you’re not familiar with this term, don’t worry. We’re here to explain what it means, how it works, and how it might affect your payroll in 2024.
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Topics:
nanny,
senior,
CPA,
Household payroll compliance,
FUTA Credit Reduction
As a household employee, planning for your retirement is one of the most important steps you can take for your future. While Social Security provides a foundation, building additional savings through retirement accounts can help ensure long-term financial security. Here’s some tips on retirement planning, the retirement savings options available, and information on how building an employer contribution into your total compensation plan can help.
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Topics:
nanny,
senior,
CPA,
retirement savings account,
HomeWork Solutions retirement support,
nanny retirement savings,
caregiver nanny retirement savings,
household employee retirement savings
When caring for a senior loved one, planning for unexpected emergencies is essential. Seniors are particularly vulnerable in weather events and natural disasters and often have health conditions that require close monitoring. Ensuring a thorough emergency preparedness plan is a key responsibility for families and their in-home caregivers. Here are some updated tips for creating your 2025 emergency response plan.
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Topics:
senior,
homework solutions,
Emergency preparedness for seniors,
Senior caregiver emergency plans,
Senior safety during natural disasters
When managing household payroll, many people wonder if they should set up a Limited Liability Company (LLC) for additional protection. While the idea of an LLC can be appealing, it’s generally unnecessary for household employers and often doesn’t provide the legal or financial protection you might expect. Here’s why setting up an LLC is usually more trouble than it’s worth for household employment.
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Topics:
nanny,
senior,
CPA,
Should I set up an LLC for household payroll,
paying a nanny,
household LLC,
Managing household payroll taxes,
Household payroll compliance
Finding the right in-home care for a loved one is a deeply personal and important decision. From medication supervision to help with daily activities like grooming or meal preparation, an in-home caregiver can make all the difference in providing a safe and comfortable environment. However, finding the right caregiver involves careful research and planning to avoid common pitfalls. Here are three key mistakes to steer clear of when hiring an in-home caregiver.
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Topics:
eldercare,
senior care,
senior,
caregiver payroll services
As your parent grows older, it’s normal to notice subtle changes that might cause concern. Perhaps they’re forgetting to take their medication on time, need a little more help with cooking, or seem less steady on their feet. It’s not easy to see these shifts, but aging is a journey we all experience, and sometimes, a bit of extra support can go a long way.
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Topics:
aging in place,
senior,
In Home Senior Care,
Aging at home,
caregiver services
As household employers in 2024, we know the importance of building strong, trusting relationships with our nannies and senior caregivers. Performance evaluations are a crucial part of this, but traditional reviews can feel daunting and unproductive. It's time to transform these evaluations into empowering conversations that foster growth and satisfaction for everyone involved.
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Topics:
nanny,
household payroll,
senior,
homework solutions
If you’ve recently hired a household employee, you’re likely aware you have employment tax obligations. One crucial and often overlooked responsibility, in addition to social security and Medicare taxes, is paying Federal and State Unemployment Insurance taxes. This benefit program can be confusing, but we’ll explain the essential details.
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Topics:
nanny,
senior,
homework solutions
Being a senior caregiver requires immense love, compassion, and empathy. Caring for someone who is aging or ill takes a toll on both time and emotions. If your caregiver is not making time for themselves, they may feel stressed, exhausted, and at risk of complete burnout. Here are some ways to help prevent burnout in your caregiver so they can continue giving their best to your loved one.
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Topics:
senior,
In Home Senior Care,
Caregiver burnout prevention,
Caregiver benefits,
paying a caregiver