If we hire a private caregiver as an employee, what are we responsible for besides taxes?
What are we responsible for --- besides taxes? Up until now, the family has hired private caregivers on an independent contractor basis. However, one of our caregivers has been with us for over a year.
Since it appears as though our caregivers are not temporary as we earlier thought, we have been considering what obligations we would have once we changed their status. I know that we would be expected to pay approximately 7.5% for income tax, Social Security and Medicare. I am just wondering what other changes we would have to make and if anyone else has gone through a status change with workers.
Of course, the concern is that we will no longer be able to afford home care and I surely hope that's not the case. My parents are absolutely thriving with the individual care they're receiving now.