Category: Payroll & Taxes

Tax Benefits From CARES Act Student Loan Assistance

By A New England Nanny 16 0

Many 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 […]

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Minimum Wage Changes in 2020 for New York

By A New England Nanny 24 0

Each 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, […]

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Dependent Care FSAs Save You Money When Paying a Nanny

By A New England Nanny 31 0

There 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 […]

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Nanny Tax Threshold Increasing for 2020

By A New England Nanny 18 0

How 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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What Can Families Learn from this Household Employment Survey?

By A New England Nanny 27 0

GTM Payroll Services recently conducted a survey of household employers and nannies, covering a wide range of topics, including legal pay, benefits, personal preferences, online job sites, and more. We are sharing the results of their household employment survey to help families hire and retain the best nannies and other household employees. From GTM.com: Nannies […]

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No Change to Nanny Tax Threshold for 2019

By A New England Nanny 42 0

The Social Security Administration recently released its nanny tax threshold for 2019, and the Social Security and Medicare tax threshold is not increasing. It will remain at $2,100, which was a $100 increase in 2018 from the 2016 rate (it was unchanged in 2017). Nanny taxes must be paid by the family and the employee, such […]

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Domestic Employment Laws in New York State

By A New England Nanny 37 0

When it comes to paying household employees, A New England Nanny recognizes that nannies, housekeepers, senior care workers, etc. are professionals who should be compensated legally by employers with the appropriate taxes and benefits in mind. When it comes to paying domestic workers, there are many nuances and details to know about domestic employment laws in New […]

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