Hourly or Salary? What’s the Best Way to Pay My Nanny?
Understand the differences between hourly and salary pay for nannies. Get practical guidance on calculating pay, overtime, guaranteed hours, and payroll cycles.
Divorce or Separation: Who Can Claim a Child as a Dependent on Taxes
Navigating taxes after a divorce with children can be tricky. This guide simplifies the rules around claiming dependents, including eligibility requirements and available tax breaks for single parents. Learn who qualifies as the custodial parent and how to maximize your deductions.
Employee Retention in Household Staffing
Learn why employee retention for family offices is crucial and discover effective strategies to build a strong team and protect your legacy.
W-2 or Independent Contractor?
Understand the difference between classifying household workers (such as nannies and caregivers) as 1099 contractors vs. W-2 employees. Misclassification has serious legal and financial consequences.
Schedule H: What You Need to Know
If you employed a household employee and paid them $2,700 or more in 2024, you are required to complete and submit a Schedule H along with your Form 1040.
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