The household employment experts blog

9 Key Tips for CPAs and Financial Pros Navigating Household Employment in 2024

Posted by HomeWork Solutions
on 09/05/24
9:28 PM

At HomeWork Solutions, we understand that household employment can bring unique challenges for CPAs and financial professionals. Whether it’s a client who just hired a nanny or a question about how to handle household payroll taxes, we’re here to make sure you have the insights you need. To help you guide your clients confidently, we’ve compiled a list of nine essential tips that will keep you on the right track.

Why You Should Think Twice Before Claiming “Exempt” on Your W-4

Posted by HomeWork Solutions
on 08/23/24
1:21 PM

At HomeWork Solutions, we know that managing taxes can be confusing, especially when you’re working as a nanny or caregiver. You might be tempted to try to simplify things by claiming “exempt” on your W-4 tax withholding form, thinking that it will allow you to keep more of your paycheck. However, this decision can lead to serious financial and legal consequences down the road.

Performance Reviews That Empower: Evaluating Your Nanny or Caregiver

Posted by HomeWork Solutions
on 08/07/24
2:24 PM

As household employers in 2024, we know the importance of building strong, trusting relationships with our nannies and senior caregivers. Performance evaluations are a crucial part of this, but traditional reviews can feel daunting and unproductive. It’s time to transform these evaluations into empowering conversations that foster growth and satisfaction for everyone involved.

Hiring a Nanny or Caregiver in 2024? Essential Unemployment Insurance Facts

Posted by HomeWork Solutions
on 08/02/24
1:11 PM

If you’ve recently hired a household employee, you’re likely aware you have employment tax obligations. One crucial and often overlooked responsibility, in addition to social security and Medicare taxes, is paying Federal and State Unemployment Insurance taxes. This benefit program can be confusing, but we’ll explain the essential details.

Preventing Caregiver Burnout: Practical Advice for Household Employers

Posted by HomeWork Solutions
on 07/25/24
1:17 PM

Being a senior caregiver requires immense love, compassion, and empathy. Caring for someone who is aging or ill takes a toll on both time and emotions. If your caregiver is not making time for themselves, they may feel stressed, exhausted, and at risk of complete burnout. Here are some ways to help prevent burnout in your caregiver so they can continue giving their best to your loved one.