Knowledge Center

Interest

• What about payroll taxes? Newborn Care Specialists & Temporary Nannies

  Many newborn care specialists (NCS) and nannies work a series of short term assignments throughout the year. These can range from several days to several months, and this may be something that you’re used to doing on a regular basis. These types of situations can leave the NCS or nanny and their employer confused about... Read more »

• Benefits of Outsourcing Nanny Payroll & Taxes

  Nanny payroll services are convenient and essential for many families. If your family utilizes nanny services, it’s important to understand nanny payroll and taxes. Some families wonder why they should bother involving the government at all, but it’s essential to learn why paying nanny taxes is both necessary and beneficial. You can simplify nanny payroll and tax… 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 senior companion caregiver job description? Employment law, wage and hour law, and payroll tax requirements for privately employed companion senior caregivers (whether direct hire or… 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 »

• Hawaii Insurance Requirements for Employers

  In addition to federal requirements, household employers may also have state, or even local, labor and tax requirements. In HI, one such requirement is all employers (household employers included) are required to provide health insurance coverage to their employees, if they are not already covered. Below are the answers to frequently asked questions about this… Read more »

• Home Care vs. Nursing Homes

  Taking care of your parents as they age is a reflection of the bond you've developed throughout your lifetime. Depending on their health conditions, Mom or Dad might need constant assistance to help manage everyday tasks. Though in-home care and moving your loved ones to a nursing home are both suitable care options, you'll need... Read more »

• Household Employees: Understanding the Rules

  If you employ domestic workers like nannies, housekeepers, senior caregivers, private chefs or other in-home staff, it’s important to understand your responsibilities as a household employer and properly classify workers as household employees vs. independent contractors. Determining Employee vs Independent Contractor The Department of Labor recently updated its guidance on classifying workers, looking at factors… 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 form 941 for… Read more »

• How Do You Manage Trustee Risks with Private Caregivers?

  As a trustee, do you manage or issue payroll to a beneficiary’s caregiver?  This type of employment situation requires that you understand and recognize the importance of legal and tax obligations that this brings to the trust as well as you as the individual trustee. If you’re the trustee, you’re automatically held to a high standard... Read more »