Learning pods and microschools are the latest trends in education during the pandemic. Get answers about these newest ways to care for and educate your children.
Blog Category:
Household Payroll & Taxes
Household Employers Must Report Pay for FFCRA Leave on Form W-2
Under new guidance from the IRS, household employers are required to report the amount of qualified sick and family leave wages paid to their workers under the Families First Coronavirus Act on Form W-2.
NannyTraining.com Launches First Tax Compliance Course for Nannies
A new online tax and payroll compliance course for nannies from NannyTraining.com outlines what they need to know when it comes to being paid legally.
Now More than Ever: Legal Pay is Necessary for All Household Employees
Paying household employees “on the books” is always the right and smart thing to do. The benefits and protections for families and their employees far outweigh any perceived financial savings from skirting tax and other obligations. The ongoing COVID-19 pandemic has brought all of this into crystal-clear focus.
A Complete Guide to Unemployment Benefits under the CARES Act
The CARES Act provides federal funding to expand unemployment insurance benefits during the COVID-19 pandemic. Here’s everything that household employers and their workers need to know including who qualifies, how long benefits will last, and how to get the extra $600/week in benefits.
Household Employers are Ineligible for SBA Paycheck Protection Loans
To help keep businesses afloat and workers under the wing of their employers so the economy can quickly restart after the COVID-19 pandemic subsides, the recently enacted CARES Act stimulus package created a $367 billion federally guaranteed loan program administered...
How to Take Advantage of FFCRA Tax Credits
To help cover costs of paid sick and family leave requirements due to the coronavirus pandemic, household employers can take advantage of tax credits offered through the Families First Coronavirus Response Act. Here’s how.
What Should be Included on Your Nanny’s Pay Stub?
Providing a pay stub to your nanny will help them feel confident they’re being paid correctly. For you, they provide valuable information come tax time. Here’s what to include on their pay stub and the delivery requirements in your state.
Pay As You Go, So You Won’t Owe: How to Avoid Estimated Tax Penalties
Waiting until you file your personal tax return to pay your household employer taxes could reduce your expected tax return or, if you wind up owing taxes, subject you to an estimated tax penalty for underpaying your taxes during the year. Here’s how to avoid it.
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