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
December is a great time to buy a new car as dealers have been dropping prices since September to make room for next year’s models. But to get the best deal at the dealership, you have to play the game. To help you save the most money, check out some of my secrets to saving when buying a new car.
#1 Do your homework
First, before ever coming near a dealership, spend at least an hour online doing some homework. Edmunds.com and Kelley Blue book are great resources to find out the fair market range of the make and model you want. If you don’t do this, you’ll be walking in blindly and likely end up paying more than you need to.
#2 Search for rebates
You can search for available rebates on Edmunds.com site as well as directly on the car manufacturer’s site. In addition to cash back, look for incentives like low-interest financing offers that are offered directly to shoppers.
#3 Know the difference between the “MSRP” and “invoice” price
To stay on budget, walk in knowing what your maximum purchase price can be. The manufacturer’s suggested retail price, or MSRP, is what the dealers want you to pay. The invoice price is closer to what the dealer actually paid for the car. A fair price, or the fair market range, is just above the invoice price — and that’s the number you want to keep in mind.
#4 Don’t forget about all the fees
Buyer beware: your head can spin with the fees the salesmen throw your way. But not all of them are legit, warns Karl Brauer, executive publisher at Kelley Blue Book. “The only real fees you cannot get out of are the taxes (based on the state you live in, not where you buy the car), the title and license/registration fees,” says Brauer. All the other fees, such as transportation fees, delivery fees, doc fees, and dealer prep fees, can be negotiated down to zero.
One way to keep it simple and stay on budget is to ask for what insiders call the “out the door” price. This price includes all the fees on top of the car’s base price — making it easier for you to calculate your monthly payments.
#5 Print out all of the research
Once you’ve done your research, print out the information to take with you. Even if you’re able to pull up some details on your phone, having those papers with you will let the salespeople know you’re serious and prepared. And as you’re shopping around from dealer to dealer, you can take notes down to help you process all the information.
#6 It matters who you go with
OK, now that you’re ready to wheel and deal, know that it matters who you go with. Don’t bring anyone who might fall easily for sales gimmicks. Instead bring a friend who’s great at looking uninterested, and every once in awhile, ask her to urge you to shop around. It makes it easier to walk away when you’re dealing with aggressive salesmen.
#7 Know when to go
Finally, know when to go. Instead of going on a weekend when it’s busier, if possible go on a Monday or Tuesday when dealers are more eager for sales. Better yet – they’re even hungrier the last 3 days of the month as they’re trying to reach their monthly sales goals to score those higher commissions. Knowing that, bargain hard.
What are your car buying tactics? Tweet me your tips @jeanie531 or in the comments below.
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