Busy tax preparation firms always encounter a few clients who come to them during busy season with household payroll that has not been attended to throughout the prior year. The client is most interested in fast turnaround of a W-2 form for their nanny or housekeeper, under pressure from their employee to get things together and… Read more »
The trend towards stepped up enforcement is pervasive. The California hotline targets businesses and household employers and workers. (Last week I reported that a new hotline was set up in New York specifically to educate in-home workers about their rights, and to assist workers in filing complaints against employers.)
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 running the gamut from, “Where can I find toilet paper?” to “I can’t work, I’m not being paid, how can I pay for toilet paper?”… Read more »
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 office. A family office may be an advisory firm that focuses on private wealth management or a separate legal entity that has been created to manage often… Read more »
Household employee workers’ compensation insurance protects the caregiver and the employer from the expenses and liabilities associated with a work-related accident. A single accident can leave the household employer liable for thousands of dollars in medical bills. Don’t assume that this liability is covered under your Homeowner’s Insurance Policy! Last updated June 28, 2024 Most… Read more »
The Geriatric Care Manager (GCM) is a care coordinator, educated and experienced in any of several fields related to senior care management, including, but not limited to nursing, gerontology, social work, or psychology, with a specialized focus on issues related to aging and elder care. The GCM will help the family plan and coordinate care… Read more »
Considering adding a nanny on business payroll? Nanny employers who own a business or a farm operated for profit can choose to include their nanny’s payroll in their 941 or 943 tax returns. The ‘nanny taxes’ are exactly the same employment taxes paid for other employees and do not require special calculation. What the sole… Read more »
Fair Labor Standards Act (FLSA) overtime rules and domestic employment are often misunderstood by the household employer. The temptation is to either agree to a weekly “salary”, agree to “average hourly rate” (pay $15 an hour for 45 hours for example) and or to average weeks (pay bi-weekly and average the two weeks hours to… Read more »
