Knowledge Center

Interest

• So what are the payroll taxes household employers pay?

  Nanny taxes, what are they?  First it is important to understand the so called “nanny taxes” are not just for nannies! The Nanny Tax is a catchy phrase for headline writers! However, these are really household employment taxes and apply when you hire a nanny, housekeeper, maid, senior caregiver or other domestic worker. Household employers... Read more »

• Nanny Share: Managing Childcare Costs in a Troubled Economy

    Child care is very expensive – ask any working parent. Childcare cost management is often the second largest monthly expense, after mortgage/rent payments, which a family with young children deals with. According to the National Association of Child Care Resource and Referral Agencies (NACCRRA), full time infant care in a child care center in… Read more »

• Outsourcing Schedule H to a Household Payroll Specialist

  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 »

• Payroll Tax Enforcement Efforts Accelerate

  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.)

• Senior Caregiver Employment Application Tips

  Is a senior employment application really necessary? Imagine this… A lovely person is sitting in your mother’s living room. Lately you and mom acknowledge that it would be better if mom had some help at home so she could continue to live at home, even as living there has become somewhat difficult. There are some… Read more »

• Trust Company Liable for Non-payment of “Nanny Taxes”?

• Unique Employment Rules Applying to G-4 Sponsors of G-5 Employees

  G-5 visa employment rules are complicated. HomeWork Solutions is a preferred household payroll provider for the World Bank, and works with G-4 staff at other NGOs nationwide. HWS has a quarter century of experience providing payroll and tax services to G-4 Visa holders sponsoring domestics working in the U.S. on a G-5 Visa. Federal/State Unique Employment… Read more »

• Emergency Nanny Income During a Pandemic

  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 »

• G-5 and NATO-7 Domestics: Social Security Taxes

  Understanding the Social Security Taxes and Tax Totalization Plans HomeWork Solutions has many years of experience providing payroll and tax services to employer’s with domestics working in the US on a G-5 Visa. These employers and their G-5 domestics often have questions about Social Security Taxes for G-5 domestics. The following are general guidelines that… Read more »

• Is it legal for a nanny to be employed by a family office?

  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 »