Seeing your parents age is never an easy process. Mobility and independence may start to decrease and decisions on who will help take care of them will need to be made. Assisted living and in-home care are two of the main possibilities, and many times in-home care is the most desirable choice. There may be cost advantages, and you can get the personalized attention your parents may need in a location that keeps them comfortable.
Topics: assisted living, hiring care for seniors, senior home caregiver, senior
Updated 11 January 2021
Every year HomeWork Solutions prepares a "what's new or changed" roundup of household employment tax laws and benefit information.
The IRS annually reviews, and adjusts as necessary, the wage payment threshold that obligates a family to pay Social Security and Medicare taxes and issue employees W-2 forms. This threshold will increase to $2,300 for 2021.
Updated 22 December 2020
Every year HomeWork Solutions prepares a "what's new or changed" roundup of household employment tax laws and benefit information.
The IRS annually reviews, and adjusts as necessary, the wage payment threshold that obligates a family to pay Social Security and Medicare taxes and issue employees W-2 forms. This threshold will increase to $2,300 for 2021.
Healthcare open enrollment season is here, so we've asked our partners at Take Command Health to offer insights on why a Healthcare Reimbursement Arrangement (QSEHRA or ICHRA) may be right for you and your employee. Here is CEO Jack Hooper's take:
Topics: nanny agency, nanny, senior, CPA, HRA, Healthcare
When you first hire your nanny or caregiver, there are a lot of different action items that need to get set into motion. Defining wages, determining hours, setting up legal payroll and writing an employee contract are some of the primary things that need to be settled at the get-go. Investigating how to navigate tax breaks you might have when hiring an in-home employee is another big one. If you’re wondering if you can use your dependent care flexible spending account, here are some of the basic things you should know.
If you have recently started a position with a new employer, you’re probably learning about the different benefits that you’ve been hired with. Many household employers who do not offer group health coverage for their employees help pay for medical expenses through a Qualified Small Employer Health Reimbursement Arrangement (QSEHRA). When you negotiate this benefit with your new employer, it will help pay your health care costs for qualifying health insurance coverage. If you have never worked with a QSEHRA before, we’ll break down the important must-knows here.
Topics: nanny, nanny payroll tax, nanny tax, agency, senior, CPA, Tax Holiday
The last several months has been difficult for millions of Americans. The economy has dramatically changed and unemployment rates have skyrocketed due to the coronavirus pandemic. If you are one of the many nannies or senior caregivers that has recently lost their job, you understand the stress that comes with that. Here, we’ll discuss some of the most important tips for finding a new job quickly.
Topics: nanny, nanny payroll tax, nanny tax, agency, senior, CPA, Tax Holiday
With coronavirus cases still on the rise around the world, many people are continuing to socially distance themselves or reduce their time in public to help minimize exposure and spread of the virus. Unfortunately, many long-term care facilities have seen high amounts of deaths and illnesses related to the pandemic. In light of the continuing social lockdown of these facilities and the forced separation of residents from their families and loved ones, many seniors and their families are rethinking living arrangements and researching how to age safely at home.
Topics: senior
