Knowledge Center

Article

• Answers to the Most Frequently Asked Questions About Your Annual Payroll Tax Filings

  HomeWork Solutions, Inc., December 2023 PLEASE NOTE: All Form 1040 and Schedule H line numbers refer to the forms for the tax year 2023 in these annual payroll tax filings questions. How do I distribute Form W-2 to my employee?Complete and Essential Payroll Clients: Your Employee W-2 forms are available for distribution in your eFiling... Read more »

• Costs of Senior Home Care

  More families are considering the possibility of privately hiring senior home care for someone it their family as a way to help their loved ones age in place in a safe and happy environment. This is uncharted territory for most people, and adult children who may have hired nannies to care for their children years... Read more »

• Duties of a Companion Senior Caregiver

  Whether a senior caregiver is governed by Federal and State minimum wage and overtime laws hinges on two key elements. Who is the employer? What are the duties in the companion caregiver job description? Employment law, wage and hour law, and payroll tax requirements for privately employed senior companion caregivers (whether direct hire or hired… Read more »

• Guide to Privately Hiring Senior Home Care

  Families of aging seniors are confronted with many choices as they navigate options to help maintain a healthy and productive life for elderly family members.  Home safety, medication management and transportation are key concerns for every family facing the naturally changing capacities seniors face as they age.  In fact, according to the Congressional Budget Office,… Read more »

• Household Employment Laws by State

  Nanny tax rules, household employee rules, wage and hour law, and payroll tax requirements are governed by a complex assortment of Federal and state rules and legislation. HomeWork Solutions has assembled easy to understand, state specific tip sheets to save you hours of online research! COVID-19 Update: Through 31 December 2020, the federal government requires… Read more »

• Household Employment Laws by State

  Nanny tax rules, household employment rules, wage and hour law, and payroll tax requirements are governed by a complex assortment of Federal, state, and local rules and legislation. HomeWork Solutions has assembled easy to understand, state specific tip sheets to save you hours of online research! Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District… Read more »

• Household Employment: Schedule H vs. 941

  Household employers file and pay the exact same employment taxes as commercial employers do. The IRS established the Form 1040 Schedule H in 1995 to simplify and streamline the household payroll tax reporting. Often times, however, the household employer or their CPA are confused about the proper reporting and begin filing quarterly Forms 941 for… Read more »

• How Does the IRS Calculate Penalties and Interest?

  Late payment of employment taxes will trigger penalties and interest charges to the taxpayer. The notices for an IRS late tax penalty are next to impossible to decipher. Statute of Limitations There is NO statute of limitations on the failure to file and report payroll taxes (Social Security, Medicare, Unemployment, withheld income taxes). There also... Read more »

• HWS MemberPage FAQs

  HomeWork Solutions, Inc., December 2023 PLEASE NOTE: All Form 1040 and Schedule H line numbers refer to the forms for the tax year 2023 in these annual payroll tax filings questions. How do I distribute the many copies of Form W-2?Complete and Essential Payroll Clients: Your Employee W-2 forms are available for distribution in your... Read more »

• Nanny Mileage Reimbursement Rates & Fringe Benefits

  Nanny Mileage Reimbursement Rate Most families refer to the IRS guidelines to calculate the nanny mileage reimbursement rate for the business use of her personal vehicle. This will include such things as transporting your child(ren) to/from school or activities, errands, shopping, etc. It does not include the nanny’s commuting mileage to/from her home to her place… Read more »