Tag: household employee
Understanding Your W-2: A Tax Season Guide for Household Employees and Their Employers
It’s tax time, and one of the most important documents you may receive is your Form W-2, also called the Wage and Tax Statement. Understanding your W-2 helps you file
Why You Should Think Twice Before Claiming “Exempt” on Your W-4
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
Managing Household Payroll: A CPA’s Guide to Navigating Your Clients’ Nanny Taxes
For CPAs, now is a great time of year to ensure clients with household employees—like nannies—are doing things the right way to make tax time easier for them and for
How Paid Holidays Can Impact Overtime Pay
Good communication that establishes a mutual understanding is necessary when hiring a nanny, senior caregiver, or other household employee to work in your home. When it comes to defining benefits
Tips to Successfully Onboard Your Household Employee
When you hire a new household employee, it’s important to handle the process carefully and thoroughly. Whether you’re welcoming a nanny, a senior caregiver, or a household chef, understanding the
Our Nanny is Leaving, What Now?
When your nanny decides to leave, whether the parting is mutual or unexpected, it can be an emotional and complicated time for everyone involved. Here are some important steps to
Why Paying Half Off the Books is Never a Good Idea
Navigating the complexities of payroll and taxes is more than just a bureaucratic task; it’s a commitment to fairness and integrity. Let’s take a look at the importance of transparent
Is Your Employee’s Healthcare Plan ACA Compliant?
If you are seeking to provide a tax advantaged healthcare reimbursement, such as a QSEHRA, to your household employee, you need to make sure it is ACA compliant. Let’s delve
What Expenses Can Be Reimbursed When Hiring a New Employee?
If you recently hired a household employee who lives out of town, there is a good chance you have discussed reimbursement for moving expenses. These costs can be a burden