For plan years beginning in 2023, the limit on an employee’s salary reduction contributions to a health FSA increases to $3,050. Here’s how a health FSA can save you and your worker money and help you attract and retain top talent.
National Nanny Recognition Week starts September 19. This is a time to show appreciation for the hard work, patience, and dedication of our in-home caregivers. Thoughtful gestures can go a long way to making your nanny feel valued for the job that they do. Here are some ideas to make this week special or any time, for that matter, you want your nanny to know that they are treasured by your family.
The COVID-19 pandemic has impacted just about every aspect of our daily lives including hiring a nanny. And on top of that are the challenges presented by the nanny labor shortage. Here’s what families should consider when looking for in-home childcare during the pandemic and with a tight job market.
Providing pre-tax health benefits to your nanny can come at virtually no cost to you. Here’s how it works when offering your employee a QSEHRA to cover their health care costs.
For a few reasons, like qualifying for a health insurance subsidy or taking home more money, a nanny may want to be paid half on and half off the books. This may seem like a reasonable compromise especially if you like the caregiver. Plus, you save on taxes too. Everyone is happy. Right? Here are four key reasons why this is a bad idea even if well-intentioned.
The IRS has released its cost-of-living adjustments, which impact several contribution limits for the 2021 tax year. Here are some of the key contribution limits relevant to household employers.
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