Tag Archives: caregiver tax

The Negatives of Paying an Elder Caregiver in Cash

Many people assume paying a caregiver in cash keeps the situation simple, but this method has many negatives involved that outweigh the simplicity. Paying an employee under the table means you don’t get your tax breaks, the employee doesn’t get their benefits, and you could be in for steep fines and penalties later on. Wave Goodbye to Tax Credits When Paying in Cash Paying for your elder’s medical expenses, including...

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Deborah Shure answers the question about whether your nanny or elder caregiver is your employee or self employed
Deborah Shure answers the hard questions and discusses nanny & elder caregiver contracts, gross versus net pay & more
Deborah Shure discusses why paying your nanny or elder caregiver cash under the table is never a good idea
Deborah Shure discusses why an online calculator might not be the answer to your calculation frustration
Deborah Shure helps you get started with payroll for your nanny or elder caregiver