An ICHRA is a new type of HRA that provides tax-free reimbursements for employees and unlimited contributions for employers. Here’s how they work and what it means for families with household help who wish to provide health benefit options.
Offering health benefits to your nanny is an excellent and affordable way to keep your best employees and attract top candidates to your job. There are several options available to meet your and your nanny’s needs. Here’s what is available to you.
It may make sense to just hand over your tax and payroll responsibilities to your accountant and let them manage it all. However, there are some considerations before going this route. Here are six reasons why you may want to use a payroll service rather than your accountant to handle your nanny tax and payroll obligations.
As with any gift giving, knowing your nanny’s interests, hobbies, and lifestyle will help you find a gift that will be personal and valued.
Setting up a QSEHRA for your nanny will help them pay health care costs including insurance premiums, copays, deductibles, and more. And it’s tax-free!
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