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
Jay Schulze
HomeWork Solutions, Inc.
President
jay@homeworksolutions.com
(571) 327-3510
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.
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