Follow
Share

I don't know the laws about accepting their help. I want to know what the guidelines are.

This question has been closed for answers. Ask a New Question.
The ethics couldn't be any clearer. You are in a position of trust. It is unacceptable for you to use the trust your client has in you to gain financial advantage. Thank your client for his/her sympathetic and supportive attitude and explain that you cannot accept either gifts or loans from a client. It is out of the question.

This is true anyway. But if your client is vulnerable - elderly, or living with dementia for example - accepting such help might lead to your prosecution for financial abuse.
Helpful Answer (3)
Report

Are your wages for caregiving already adequate?  Are taxes deducted from your wages, and does your employer provide a 1099 at the end of the year?

How long have you been working for this employer?  

Is the offer of help a loan or a donation or gift?      Does the employer expect to be repaid, and, if so, on what terms?  (I.e., interest bearing Note, repayment whenever, etc.)

Just trying to get a good idea of the relationship between you and your employer.

ETA:   Alva  makes a very good point about gifting and gift taxes.
Helpful Answer (0)
Report

Wow. I need more information. I worry about waters becoming muddy. I worry about expectations. This is likely someone who can afford to do a good deed and who is intent on doing this good deed. Can you give me any information?
How long have you worked for this employer. Is this a large business or a smaller personal business where your employer has become your friend? Might it not be better, safer for you both, less muddy if your employer instead raised your salary somewhat?
I don't know why I am uncomfortable here. I would not be if this were a friend who made this offer, who told you "I can afford this and I would rather DO this than give to an anonymous cause; I don't care HOW you spend it and I will never ask, but I want to make you this one time gift; please let me". I think it is the employer/employee thing that bothers me. In all honesty I don't know why it makes me uncomfortable.
Can you give me more information on how this offer came to you?
As to the "laws" I don't know that there is any law against this, but perhaps someone more up on the law can set me straight. There are laws for a gift-GIVER in that if I give my daughter money for my grandson's college fund then I have to keep it under a certain amount or I am taxed on this gift. I haven't checked of late but think the amount is 14,000 a year? And I could give 14,000 to daughter, to grandson himself, and to daughter's husband without tax repercussions if I am correct. But they accept the gift tax free. That is to say there is no repercussion on them for accepting the gift.
I am hoping for some tax knowledgeables to weight in here. It is the moral question more of concern to me.
Helpful Answer (1)
Report

This question has been closed for answers. Ask a New Question.
Ask a Question
Subscribe to
Our Newsletter