Welcoming a newborn into your family is a joyous occasion. It also comes with significant responsibilities, such as ensuring your infant’s health and properly using your health care benefits. Here are answers to seven important questions about your newborn’s health coverage.
A DCAP is an employer-sponsored program that helps you with the cost of dependent care expenses. Here are the costs that are eligible and ineligible for reimbursement under these types of plans.
Employing a senior caregiver for an elderly loved one could mean you’re now in charge. There is more work involved for you but you now have more control of their hiring and employment.
You have a few options to pay your nanny taxes. While the main point is to actually remit the proper amounts, some methods may be more advantageous for you to avoid underpayment tax penalties. Here is the best way to pay your nanny taxes.
It’s that time of year again for many minimum wage rates to increase. Now is a good time to check the hourly rate you’re paying a nanny, senior caregiver, or housekeeper and make sure it’s still compliant with the law.
One of the most common questions (and misunderstandings) surrounding household employment is whether a family can provide their nanny a 1099 at tax time and consider them an independent contractor rather than a household employee. The short answer is “no.” Here’s why and answers to other questions you may have.
Questionable tax practitioners and independent promoters selling schemes like CRATs and monetized installment sales can leave wealthy taxpayers vulnerable to underpayment tax penalties or civil fraud penalties.
You figured out much you owe in nanny taxes when you employ someone to work in your home. Now the good news! Here are seven ways to reduce your nanny taxes that can save money for both you and your employee.
Under the Paid Leave for All Workers Act, household employers in Illinois will be required to provide up to 40 hours of paid leave during a designated 12-month period beginning in 2024.
Household Employer Digest
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