As a family with household employees like a nanny, private senior caregiver, housekeeper or other domestic workers, you may be eligible for several tax deductions related to their employment costs. Taking advantage of
Never been a Better Time to Put Your Household Employees on Books The American Rescue Plan Act of 2021 was passed on March 11, 2021 and offers much-needed financial relief
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
https://www.youtube.com/watch?v=l7J9UMKN_cc In the “nanny world”, the temptation to accept a job that pays CASH (off the books, no payroll or income tax reporting) is faced by every nanny. After all,
Many families mistakenly believe that paying their household employee cash, off the books, is easiest all around. After all, no complicated tax forms, the employee takes home more money, the
19 March 2020 Summary Over the last several days, attempts to contain and slow the spread of the novel coronavirus have severely disrupted everyday life in the USA. Worries are
17 March 2020 Summary Over the last several days, attempts to contain and slow the spread of the novel coronavirus are severely disrupting everyday life in the USA. Worries are
Many families hire temporary nannies or other temporary household workers and have many questions about their financial and legal responsibilities. Examples include the temporary nanny who is working while the
What is a family office? The first step to understanding the difference between being employed by a family and family office employment is to understand the purpose of a family
Household employers will incur significant incorrect Form W-2 penalties if there are name and Social Security number mismatch problems. The Social Security Administration returns incorrect forms W-2 (name and Social
