Homework Solutions Inc.
HomeWork Solutions Specializes in Nanny Tax Compliance
LOS ANGELES, CA / ACCESSWIRE / January 31, 2017 / In light of recent news regarding tax transgressions by President Trump's cabinet nominees, HomeWork Solutions, Inc. announces a free offering to all incoming government officials for a professional nanny tax check up. HomeWork Solutions is a household payroll services firm specializing in nanny tax compliance. The firm's nanny tax check up serves as an expert consultation, to ensure a candidate for a government position has complied with the often misunderstood nanny tax. Failure to comply with the nanny tax law has historically disqualified candidates from holding government positions; and is currently obstructing two of President Trump's cabinet nominees.
For more information about HomeWork Solutions and the services that they offer, please visit https://www.homeworksolutions.com/.
As first reported by the New York Times, Rep Mick Mulvaney (R-S.C) failed to pay FICA taxes, as well as both federal and state unemployment taxes on a household employee between 2000 and 2004. It was also recently uncovered that Wilbur Ross, nominated for commerce secretary, had employed an undocumented worker in his home.
While it's not the first time government officials have been caught in violation of the nanny tax law, the recent infractions bring to light the need for increased clarity surrounding this law. Companies like HomeWork Solutions strive to clear up confusion and advise clients in the legal payment of household employees; which includes paying household employer taxes, more commonly known as nanny taxes.
"It's estimated that there are upwards of $3 billion in uncollected payroll taxes for domestic workers each year - that's enough to fund The Department of Education for years. The impact of not paying nanny taxes extends beyond the US treasury and budget deficits. It affects the hard-working women and men that take care of their children, drive their cars, and care for the elderly in their homes. Failure to pay these taxes bars their employees from full access to social safety net benefits, including Social Security, Medicare, unemployment benefits and health care premium subsidies through the Affordable Care Act," notes Kathleen Webb, President of HomeWork Solutions.
President of the International Nanny Association, Marcia Hall, states, "Many nannies make a career caring for children, partnering with their employers to ensure the physical and emotional safety of their children. The International Nanny Association believes that their employers have an ethical and legal obligation to adhere to all laws surrounding wages, working conditions and taxes. These domestic workers deserve and are entitled to the social safety nets of unemployment insurance, Social Security and Medicare benefits in old age, and workers' compensation in the event of a work-related injury or disability."
An estimated 90 percent of domestic workers are misclassified either as independent contractors, or corporate employees. In its efforts to further educate the population and encourage legal payment of household employees, HomeWork Solutions offers any incoming government official a free nanny tax check up, to be certain they have complied with this often misunderstood law.
About HomeWork Solutions:
HomeWork Solutions specializes in providing household employers and their tax preparers real solutions for nanny tax compliance. They are nationally recognized experts in the field of household employment taxes, regularly consulted by media such as the New York Times and Wall Street Journal. For more information, please visit https://www.homeworksolutions.com/.
Daniel M. Rafeedie
SOURCE: HomeWork Solutions
CONCIERGE QUALITY SERVICE
Unlimited telephone consultations, your calls answered by a live person every day, and proactive support when things change (tax and labor laws always change!). HWS families know they are in good hands.
WE TAKE CARE OF EVERYTHING
HWS families can rest easy knowing that all labor and tax compliance items are taken care of by a HWS tax expert. If you are paying your household employee the same thing every week, we can even setup your payroll so that it runs automatically without you ever having to do a thing.
THIS IS ALL WE DO
Household payroll has many unique and often nuanced laws, specific regulations and exceptions and exemptions that differ from corporate or business oriented payroll. Most payroll companies simply do not understand or handle household payroll issues properly. At HWS, we are focused solely on household payroll and domestic employment. It’s all we do, it’s all we have ever done.
OUR REPUTATION IS OUR PROMISE
Since 1993 HWS has helped tens of thousands of families through ever conceivable household employment issue or challenge. We have been consulted by the Wall Street Journal, the New York Times, Fox and many other national media. Our knowledge, expertise and reputation are the reasons organizations like the World Bank and IMF partner with us. It’s the reason most of our clients are referred to us by other clients, CPAs or referral agencies. Formerly online at 4NannyTaxes.com
FRIENDLY EXPERT SUPPORT
A live household tax and labor law expert awaits your questions every Monday – Friday from 8:30 AM – 7 PM EST – no waiting, no phone trees, just friendly expert advice. We offer a concierge level of service only a small dedicated team can provide.
WE GUARANTEE OUR WORK
When you use our payroll service, we guarantee your payroll tax returns will be filed accurately and timely, and all applicable payroll taxes will be paid on time. No notices, no penalties, no red tape, guaranteed.