The boom in elder care — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
In a survey of 1,509 people by MetLife Mature Market Group, more than one-eighth of workers said they balance elder care responsibilities and full-time or part-time employment. Projected onto the entire American population, that would mean 14.4 million Americans face this difficult and emotionally draining challenge. Among those workers who serve as primary caretakers for a parent or grandparent, about 10 percent said they had to quit their jobs and 11 percent had to take a leave of absence. About 59 percent miss at least some part of the workday due to elder care duties. Given the growing demands that these workers face, some employers now provide elder care programs.
If you handle payroll compliance, beware: As other tax revenue sources dry up, the IRS is hiring 700 new revenue agents whose only job will be to hunt down payroll-law violations. That means intense new scrutiny of your W-2s, 1099s, 1095s and other payroll tax reporting compliance....Click here to find out more.