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FUTA Tax for Household Employees
IMPORTANT NOTICE - Retroactive Payroll Tax Increase for 2014! Employers - including household employers - in seven (7) states will pay increased Federal Unemployment Tax (FUTA) retroactively for 2014, to repay state unemployment insurance loans due to the...
Individual Tax Breaks for 2014
On December 16, 2014, the Senate passed the Tax Increase Prevention Act of 2014 (TIPA), which the House had passed on December 3. The act extends through December 31, 2014, certain tax relief provisions that expired at the end of 2013. Several of these provisions can...
FLSA Changes Affecting Caregivers and Employers
As of January 1, 2015, the Final Rule created under the Fair Labor Standards Act (FLSA) will require most direct care workers to receive federal minimum wage and overtime pay protections. Direct care workers are workers who provide home care services, such as home...
Holiday Gifts From Nanny to Parents
Every year during the holiday season, we provide a list of gift ideas for families that wish to recognize their nanny or other employee in a special way. But we have also heard from household employees who are looking for ideas for holiday gifts from nanny to parents....
Roth IRAs for Minors
Looking for another way to save on your family's taxes? Opening a Roth IRA may be a solution. Roth IRAs for minors, especially teenagers, are perfect because they likely have many years to let their accounts grow tax-free. In the example below, look at how much...
New Standard Mileage Rate for 2015
The IRS has issued the new standard mileage rate for 2015. This rate is used to calculate the deductible costs of driving a vehicle for business. This applies to household employers who choose to let their nanny or other household employee use their car for performing...
Holiday Gifts for Nannies
It’s that time of year again! People are making their lists (and checking them twice) of all the gifts they want to buy for the holidays. While most of the gifts are usually for friends and other family members, nannies are also – hopefully – included. According to...
Washington DC Wage Theft Prevention Act
Washington D.C. employers, including household employers and temporary staffing agencies, must comply with a new amendment to the Washington DC Wage Theft Prevention Act of 2014. This amendment is expected to become effective in mid-December following a mandatory...
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