In a recent speech, President Joe Biden announced the American Families Plan, which is a proposed $1.8 trillion legislative package. The proposed bill includes an investment of around $1 trillion in families, education, and workers. The bill also includes around $800 billion in enhanced tax credits that would extend the benefits included in the recently […]
READ MORENew York Employers Must Allow Leave for COVID-19 Vaccinations
By A New England Nanny 7 0New York has passed a law requiring employers to provide employees with paid leave for COVID-19 vaccinations. The law took effect immediately on passage on March 12, 2021, and expires Dec. 31, 2022. This includes household employers of nannies or other household workers. Leave Required The law states that employees are to be allowed a […]
READ MOREHow Families Save Money By Paying Nannies Legally
By A New England Nanny 9 0One of the most important reasons to pay your nanny “on the books” is to avoid the massive fines and penalties that can be assessed if you’re caught. But did you know that families save money by paying nannies legally, especially in 2021? Our payroll partner GTM Payroll Services shows you how legal pay may […]
READ MOREHow the Biden Administration Could Affect Families and Nannies
By A New England Nanny 12 0It’s a new year, and we have a new President, which means new policies are on the way. Our payroll partner GTM Payroll Services takes a look at how legislation from the Biden administration could affect families and nannies. With President Biden now in the White House, what does this mean for families and the […]
READ MOREHere are the 2021 Minimum Wage Changes for New York
By A New England Nanny 61 0Household employers need to be aware of changes to employment laws to ensure compliance and avoid penalties and fines. Household employees, such as nannies, housekeepers, and senior care companions, must be paid at least the state minimum wage, which varies by location within New York state. With that in mind, here are the 2021 minimum wage […]
READ MOREWhat is the Nanny Tax Threshold Increase for 2021?
By A New England Nanny 28 0Many families that employ a nanny choose to pay them “off the books,” or they simply may not be aware that once a nanny’s wages reach a certain level, employment taxes are required to be paid. Our payroll partners at GTM Payroll Services provide a look at the nanny tax threshold increase for 2021. The […]
READ MORETax Benefits From CARES Act Student Loan Assistance
By A New England Nanny 57 0Many nannies are students, and many of them have student loans that can be burdensome at any time, but particularly during COVID-19 when regular income is an issue. Among other measures aimed at easing student loan burdens during the coronavirus pandemic, the CARES Act student loan assistance provision temporarily allows employers to make tax-free payments […]
READ MOREMinimum Wage Changes in 2020 for New York
By A New England Nanny 56 0Each year, new and amended laws impact employers in New York – including household employers – who need to stay on top of these changes to ensure they are compliant and aren’t subjected to penalties and fines. With that in mind, the minimum wage changes in 2020 for New York employers. Nannies, housekeepers, senior care companions, […]
READ MOREDependent Care FSAs Save You Money When Paying a Nanny
By A New England Nanny 56 0There are numerous reasons to pay a nanny “on the books” – you’ll recruit better candidates and keep them longer, you’ll avoid hefty fines and penalties for not paying employment taxes, and, notably, you can save money through a Dependent Care FSA (Flexible Spending Account). Our payroll partner GTM Payroll Services offers this guide to […]
READ MORENanny Tax Threshold Increasing for 2020
By A New England Nanny 42 0How does a family know whether or not they are legally obligated to pay employment taxes for their nanny or other household employee? The most telling factor is commonly referred to as the “nanny tax threshold.” This is the wage earnings amount by which the government determines if an employer must follow tax filing regulations. […]
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