Domestic Help: Making Life Simple
Wealthy families enjoy having help with maintenance and upkeep of their homes and properties. However, it requires a great deal of work to coordinate work schedules, manage the payroll for domestic help, remit the related tax payments and file the tax returns.
Because of HA&W Wealth's affiliation with the Habif, Arogeti & Wynne accounting firm, we're quite familiar with domestic help employment relationships. And, we're adept at completing all of the paperwork related to payroll taxes. We encourage clients to let us manage their domestic help employment relationships.
Relationships with domestic help have both personal and business/financial components. Our interest is in the business/financial side of the relationships. It is our position that your primary financial advisor should have a complete overview of your financial life, which includes domestic help. If your HA&W Wealth advisor has a “big picture” view of your financial world, he/she is positioned to provide the best advice possible. There are synergies to be realized when the party compiling a report of your cash flow, for example, is already aware of your cash outlay for domestic help.
With HA&W Wealth focused on the financial aspect of domestic help, the interaction you have with your domestic workers is free of potential business-related distractions.