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