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...
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New York Employers Must Allow Leave for COVID-19 Vaccinations
New 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...
How Families Save Money By Paying Nannies Legally
One 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...
How the Biden Administration Could Affect Families and Nannies
It'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...
Here are the 2021 Minimum Wage Changes for New York
Household 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...
What is the Nanny Tax Threshold Increase for 2021?
Many 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 Benefits From CARES Act Student Loan Assistance
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...
Dependent Care FSAs Save You Money When Paying a Nanny
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...
Domestic Violence Victim Leave is the Law in New York
It's not something we like to think about, but domestic violence impacts people from all walks of life, including nannies and other household employees. A new law states that beginning November 18, 2019, all employers in New York - including household employers of...