Obtaining worker’s compensation insurance may not be as obvious a “to do” for a family hiring a nanny or other household employee. However, a lack of coverage is a critical and costly mistake. Here’s why having a workers’ compensation policy is important for household employers.
What happens if your employee provides an Individual Taxpayer Identification Number instead of a Social Security Number? While an ITIN and an SSN may seem similar, they are vastly different. Employing a nanny who has an ITIN and not an SSN can get you in some trouble.
Another advantage of paying your nanny legally? You can use a Dependent Care FSA – offered through your employer – to get tax-free reimbursements on a portion of your nanny’s wages. Here’s how they work when you’re paying a nanny.
Guaranteed hours for a nanny, an industry standard in household employment, are the set number of hours your caregiver will be paid each week. Here’s how guaranteed hours work and why they benefit not only your nanny but your family as well.
The awesome nanny you plan to hire wants to be paid off the books. You know the risks but do you take a chance and go along with your nanny? Nannies, however, often don’t see the bigger picture when it comes to being paid legally and what benefits (both immediate and long-term) they may be missing. Here’s what to say to get them on board with legal pay.
The U.S. DOL recently released a final rule designed to reduce the risk of employees being misclassified as independent contractors, which can be an issue for families with household help. Here’s what this all means for household employers.
New York Lieutenant Governor Antonio Delgado recently visited GTM headquarters in Clifton Park to meet with staff and discuss with company executives the top issues facing household employers.
Did you know that nearly half of U.S. states and dozen of cities and counties will boost their minimum wage rate at some point in 2024? Don’t get caught with a costly wage violation if your nanny’s pay rate slips below minimum wage.
The IRS recently announced the cost-of-living adjustments for employer-sponsored retirement and employee benefit plans for 2024.
Household Employer Digest
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