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Free cpe webinars
Nanny Taxes Are Not Just for Nannies: How to Protect Your Clients

NANNY TAXES ARE NOT JUST FOR NANNIES: HOW TO PROTECT YOUR CLIENTS

Cost Free
Presentation Length 1.5 hours

Recorded DateMay 31, 2024
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaSpecialized Knowledge
Course LevelBasic
Course Description

Due to recent legislative and regulatory changes, baby boomers are finding it more affordable to privately hire senior caregivers to help their parents age in place. On the other hand, millennials are spending more time at the workplace and relying on nannies to help care for their children. Due to the rapidly increasing number of families leaning on household workers, “nanny taxes” aren’t just impacting families with nannies.

In this webinar, attendees will learn how recent DOL rules updates such as employee or independent contractor classification under the Fair Labor Standards Act, RIN 1235-AA43, and the increased IRS audit rates of wealthy taxpayers could impact your clients with household employees.

Learning Objectives:


  • List the legislative and recent DOL regulatory changes impacting the senior care market and how they differ from the traditional “nanny tax” rules

  • Identify the critical payroll, tax, and employment law issues

  • Recognize opportunities for tax breaks and risk mitigation for families

  • Evaluate free tools and resources that can help your practice deepen its relationship with clients

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Homeworksolutions

As the proud father of two busy young kids, Jay seeks to leverage his experience in personal finance and corporate operations roles to simplify household payroll and tax filing for families. Jay started his career as a financial planner and investment consultant before spending four years at the Federal Bureau of Investigation (FBI), where he served as a Special Adviser in the Cyber Division and the Director’s Office. In that time, Jay led financial and administrative matters for the division and later worked to establish an office tasked with building the Bureau’s partnerships with the private sector. Jay has a BA in Economics from Yale University and an MBA from Georgetown University.

About Our Presenter

Homeworksolutions
HomeWork Solutions brings more than 30 years of experience in household payroll and employment taxes to work for your clients. Operating nationwide and serving tens of thousands, you can trust that the "Nanny Tax" experts at HomeWork Solutions know how to get your clients' payroll and tax filings done right. HWS offers concierge-level service with dedicated payroll representatives assigned to each client, and no phone trees. Just real people with real answers to your clients' questions.