The new year is underway, and if you offer your nanny or other household employee certain benefits, there have been several updates that you may need to know about. Please see below for some important household employee benefits changes for 2015. FSA, HSA, and 401(k)...
With the start of the New Year, the minimum wage rate will be increasing in nearly half the states. The guide below shows the 2015 state minimum wage increases, but does not reflect specific monetary values for minimum wages for local jurisdictions (city, county,...
IMPORTANT NOTICE – Retroactive Payroll Tax Increase for 2014! Employers – including household employers – in seven (7) states will pay increased Federal Unemployment Tax (FUTA) retroactively for 2014, to repay state unemployment insurance...
On December 16, 2014, the Senate passed the Tax Increase Prevention Act of 2014 (TIPA), which the House had passed on December 3. The act extends through December 31, 2014, certain tax relief provisions that expired at the end of 2013. Several of these provisions can...
As of January 1, 2015, the Final Rule created under the Fair Labor Standards Act (FLSA) will require most direct care workers to receive federal minimum wage and overtime pay protections. Direct care workers are workers who provide home care services, such as home...
Looking for another way to save on your family’s taxes? Opening a Roth IRA may be a solution. Roth IRAs for minors, especially teenagers, are perfect because they likely have many years to let their accounts grow tax-free. In the example below, look at how much...