The household employment experts blog

Understanding FUTA Credit Reduction States: What Household Employers Need to Know for 2024

Posted by HomeWork Solutions
on 12/23/24
8:45 PM

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.

How to Transition Your Caregiver to Legal Pay — The Stress-Free Way with HomeWork Solutions

Posted by HomeWork Solutions
on 12/17/24
1:45 PM

Correcting the mistake of wages paid under the table is the right thing to do, and we can help.

Can I Gift My Nanny Money?

Posted by HomeWork Solutions
on 12/13/24
6:30 AM

Recognizing your nanny’s hard work is a thoughtful gesture that can strengthen your relationship and show appreciation for their care and commitment. Whether you’re considering a holiday bonus, a week’s pay, or another token of thanks, it’s important to understand how gifting money or other items impacts both you and your nanny. This guide explores how much you can gift to your nanny, the tax implications of these gifts, and alternative options to ensure your generosity complies with regulations.

Exploring Retirement Plans for Nannies and Caregivers

Posted by HomeWork Solutions
on 12/11/24
10:00 PM

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.

How to Properly Reimburse Your Nanny for Gas and Mileage Costs

Posted by HomeWork Solutions
on 12/03/24
5:22 PM

If your nanny provides transportation for your children—whether it’s school drop-offs, sports practices, or playdates—it’s important to fairly reimburse them for the costs of using their vehicle. Proper reimbursement not only builds trust and goodwill but also keeps you compliant with tax and labor regulations. Here’s a straightforward guide to help you navigate mileage reimbursement for your nanny.