Halloween, Then and Now!

Halloween Then and NowHalloween is a huge holiday and it’s only getting bigger. Today, Americans spend billions (yes, billions!) of dollars on Halloween, but decades ago it was a little different. We are reminiscing about this spooky holiday—and we hope you’ll share your own memories.

Check out Julie’s story about her past Halloweens!

Do you remember your first Halloween? What was your favorite part?

Tax Q&A: Affordable Care Act for Household Employers

tax blog 1We know that taxes can be complicated. When you hire a caregiver, you also need to deal with the paperwork, the rules, new laws…eek! To help families feel more comfortable and confident moving forward, we’ve created the following easy FAQ for household employers on the Affordable Care Act:

Last October, the first stages of the Affordable Care Act went live. And again this year, October will be the time when Americans looking for health insurance can access the online health insurance exchange where they can compare policies and ultimately purchase a plan that suits their individual needs. Because this is still a relatively new change to the way health insurance is administered, many families are confused or concerned about how the changes will impact them as a household employer.

What is the Affordable Care Act?

The Patient Protection and Affordable Care Act, commonly referred to as the Affordable Care Act, is a federal statute which was signed into law in 2010. The statute is primarily aimed at reducing the overall cost of health care and decreasing the number of uninsured individuals living in the United States by enacting a number of different mandates, subsidies and tax credits.

Am I required to offer health insurance to my employee(s)?

No, employers are not required to offer health insurance if they employ fewer than 50 employees. However, you are required to provide your current employee(s) and, at the time of hire, any future employee(s) with notice of the new Health Insurance Marketplace.

Is my employee required to have health insurance?

Yes, your employee may be charged penalties if she does not have health insurance coverage. However, you are not responsible for making sure your employee has health insurance.

What is the Health Insurance Marketplace?

The Health Insurance Marketplace, or The Marketplace, is a “one-stop shop” where individuals can compare and purchase health insurance policies. Open enrollment for The Marketplace begins on October 1, 2014 for coverage beginning January 1, 2015. Your employee(s) will be able to purchase health insurance through The Marketplace until open enrollment ends on February 15, 2015. For more information on The Marketplace, or to complete an online application for health insurance coverage, please visit www.HealthCare.gov.

How much will health insurance cost?

The cost of health insurance will vary depending on your state and the amount of coverage your employee chooses. After completing an application through The Marketplace, your employee will be able to compare prices and coverage options for   different health insurance policies. Depending on your employee’s income and family size, she may be eligible for the Advance Premium Tax Credit if she purchases insurance through The Marketplace. The credit can be applied directly to her monthly premiums which results in immediate cost savings. If she qualifies for the Advance Premium Tax Credit, her savings will be reflected in the prices displayed on The Marketplace.

If I contribute to my employee’s health insurance policy, will I be eligible for any tax breaks?

If you set up a health insurance policy for your employee through SHOP (Small Business Health Options Program) on the Marketplace and pay at least 50% of your employee’s premiums, you may be able to take advantage of the Credit for Small Employer Health Insurance. This credit is up to 50% of the amount you contribute to your employee’s health insurance premiums. To take this credit, you’ll attach Form 8941 to your personal income tax return. For more information regarding the requirements for contributing to health insurance, please contact HomePay at (888) 273-3356.

Easiest Halloween Costumes EVER!

chaseKids might think Halloween is all about the candy, but we know a great costume makes the day. We think costumes shouldn’t add stress and definitely shouldn’t leave you in the Halloween Costume Hall of Shame.

Not too crafty? No need to worry – these are no-fuss, no-muss costumes. We’ve got the easy-to-follow directions and do-it-yourself videos for turning your little ones into everything from spaghetti and meatballs to a snowman…and even Taylor Swift! Your kids will love how they look and you’ll love how easy it is to pull together.

Check out these step-by-step instructions for fun and easy Halloween costumes