Late payment of employment taxes will trigger penalties and interest charges to the taxpayer. The notices for an IRS late tax penalty are next to impossible to decipher. Statute of Limitations on IRS Interest and Penalty Calculations There is NO statute of limitations on the failure to file and report payroll taxes (Social Security, Medicare,… Read more »
Each week brings more clarity around implementation of the Families First Coronavirus Response Act (FFCRA). This bill offered mandatory paid leave for employees, tax credits to reimburse employers for the cost of this leave, and funding to support the unemployment insurance system. Recently the US Department of Labor issued additional answers to frequently asked questions,… Read more »
Household employers and employees are searching for financial solutions to the current economic crises facing our economy. As we better understand the programs and benefits provided by the Families First Coronavirus Response Act (FFCRA) and the Coronavirus Aid, Relief, and Economic Security Act (CARES), families and caregivers increasingly turn to unemployment benefits to provide some… Read more »
The U.S. Department of Labor (DOL) has published temporary regulations implementing the Families First Coronavirus Response Act (FFCRA). Details matter – make sure you properly document your employee’s leave eligibility! HWS created an easy-to-fill-out form for your employees to use when requesting their leave, which can be found here: Emergency Paid Leave Request Form.
HomeWork Solutions fields many questions daily about the Families First Coronavirus Response Act (FFCRA) from families and caregivers alike. We are committed to helping nannies and other household workers understand and have access to the benefits they deserve. Equally, HWS helps families to understand their new (temporary) responsibilities. Lastly, HomeWork Solutions is waiving some fees… Read more »
HomeWork Solutions has received many calls about the CARES Act stimulus bill and the Payroll Protection Program offering forgivable loans to employers who retain their employees. Unfortunately, the US Small Business Association (SBA) has just issued final terms of the program. Notably, household employers are excluded from Payroll Protection Program eligibility. The document notes… Read more »
Employee FAQs related to the Families First Coronavirus Response Act (FFCRA) Q: Why should a family keep their nanny employed right now? A: Helping your employees in hard and uncertain times like this is the right thing to do. However, many household employers are facing uncertain job situations and layoffs on their own, so it… Read more »
