We recently posted our guide to all of the states with minimum wage increases, but one of America's largest cities also recently voted for an increase. Last month, the Chicago City Council approved an increase to $13 an hour by 2019. This Chicago minimum wage increase...
Blog Category:
Tax & Wage Laws
Household Employee Benefits Changes for 2015
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)...
2015 State Minimum Wage Increases
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,...
FUTA Tax for Household Employees
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 loans due to the...
Individual Tax Breaks for 2014
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...
FLSA Changes Affecting Caregivers and Employers
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...
New Standard Mileage Rate for 2015
The IRS has issued the new standard mileage rate for 2015. This rate is used to calculate the deductible costs of driving a vehicle for business. This applies to household employers who choose to let their nanny or other household employee use their car for performing...
Washington DC Wage Theft Prevention Act
Washington D.C. employers, including household employers and temporary staffing agencies, must comply with a new amendment to the Washington DC Wage Theft Prevention Act of 2014. This amendment is expected to become effective in mid-December following a mandatory...
Year-End Tax Planning for Household Employers
The end of 2014 is quickly approaching, so it’s important that everything is in order to ensure there are no surprises when it comes time to pay nanny taxes next year. Year-end tax planning isn’t something to put off or ignore. It’s important to look at your finances...