VIRGINIA BEACH, VA--(Marketwire - Aug 27, 2012) - CareFamily today announced a new caregiver payroll service, which is offered as part of the company's innovative caregiver matching and in-home care management service for seniors. Families who employ CareFamily caregivers can now enroll in a free payroll service to manage the payments and associated tax processing for their caregivers. Families can be confident that the financial aspect of employing a caregiver has been handled correctly, without the burden of navigating complex tax laws and managing ongoing payroll.
"The complex issue of wage payments and tax management can be daunting to families," said Tom Knox, CEO and founder of CareFamily. "This is one of the reasons that people decide not to hire their own caregivers. We want to eliminate this burden for families by offering a free comprehensive payroll/tax management service. Our goal is to make it simple for families to hire the best caregiver of their choice, while having peace-of-mind that the associated payments and tax liabilities are handled correctly."
The new payroll service is integrated into CareFamily's automated caregiver attendance tracking and invoicing system. Families now have a seamless way to track caregiver attendance, calculate pay on a weekly or bi-weekly basis, and issue payments that include the appropriate employee tax withholdings. The service also includes a detailed wage report sent to families on a quarterly basis, which includes employer tax liability calculations.
The service is optional and free to CareFamily clients. Families can decide to enroll in on the first day of care or at any point during the care process.
"Understanding the tax requirements for contracting in-home care is complex and is why some people decide to pay a large premium by using a traditional agency or pay caregivers under the table -- which is a mistake," said Paul G. Di Nardo, C.P.A. and CareFamily Board Member. "If you hire an in-home caregiver, you are responsible for issuing w2's and withholdings for Social Security and Medicare taxes, as well as paying employer taxes. CareFamily's payroll solution makes it simple and seamless for families to comply with the complex regulations and ensure that all of the federal and state tax requirements are met."
CareFamily is a new type of in-home care service that offers families a personalized and more affordable alternative to agencies and safer alternative to classified ads and online listing services. Unlike online list services, CareFamily conducts caregiver background checks and pre-screenings. All caregivers are also bonded and include liability insurance. Families who choose CareFamily typically pay 30% less than average agency fees.
Families have the benefit of hiring and working directly with caregivers to develop personalized care plans, which can be managed remotely at www.carefamily.com. Each family is assigned a professional care coordinator to help develop a customized home care plan for their loved one -- including choosing the caregiver, services, hours and wage.
CareFamily services include:
- Online Matching - Connects families with pre-screened, qualified and bonded caregivers.
- Liability Insurance & Payroll Services - Simplify payment and tax responsibilities while offering peace-of-mind.
- Personalized Care Plans - Help families develop a customized care plan for their loved one.
- Remote Care Management Tools - Empower families remotely oversee day-to-day care from any location.
How it Works
CareFamily offers the first online matching service for the senior home care industry. After completing a short online questionnaire, care-seekers are matched with caregivers based on skills, needs, location and other pertinent criteria. Families seeking care simply go to www.carefamily.com and click on 'Find Caregivers.' After completing a short online questionnaire, they are instantly given up to the five best caregiver matches. The care-seeker can then either contact the matched caregivers to set up an interview or search for additional caregivers in their area. There is no fee for the online matching service; care-seeking families pay only the published hourly rate on the caregiver's profile.
CareFamily, an innovative caregiver matching and care management service for seniors, offers families a personalized, more affordable and safer way to find and manage qualified caregivers. The company's unique online matching service instantly connects families with pre-screened, qualified and bonded caregivers within a desired geographic area. CareFamily liability insurance and payroll services offer piece-of-mind and simplify payment and tax responsibilities. CareFamily Remote Care Management tools empower families to effectively oversee day-to-day care from any location. Headquartered in Virginia Beach, Virginia, CareFamily combines the best practices of a traditional home care agency with the ease and convenience of the internet. For more information visit www.carefamily.com.
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