Hiring Elder Care? You May Now Be Their Boss
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.
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.
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.
As with any other household employment, taxes in a nanny share arrangement will be owed by the families and the caregiver. We’ll answer 5 key questions to give you everything you need to know about how to pay taxes when forming a nanny share.
Not correctly paying a nanny for overtime hours – or ignoring OT hours altogether – is a common way families violate wage laws. Here is everything you need to know to pay your nanny overtime the right way.
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.
Summer may be the time of year to sit back, relax and recharge. Unless of course, you have kids. When school begins again, you could be exhausted. Where did the summer go? And what happened to relaxation? This is where a summer nanny can make your life easier and the season more fun for your kids.