What are the advantages of hiring legally?
A. Employer: 1. Dependent Care Account: You may have access to a Dependent Care Account (DBA) issued from your employer that can qualify you to utilize $5000 in pre-taxed dollars per calendar year to pay for healthcare expenses including homecare. 2. CDCTC: You can qualify for a Child and Dependent Care Tax Credit (CDCTC) which can be up to 35% tax credit on homecare spending. 3. Peace of mind: If you are utilizing all of your tax breaks, on average you would only be paying only 4% extra when using private duty homecare rather than hiring someone privately. Is 4% worth your reputation and peace of mind? 4. Worker’s Compensation: Your Caregiver’s injuries will be covered by the worker’s compensation insurance provided by the Agency. You will not be liable for any medical costs for your injured caregiver. B. For Employee: 1. Access to government benefits: unemployment, disability, and social security. 2. Build an employment history and establishing credit 3.
