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...
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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...
What Can Families Learn from this Household Employment Survey?
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...
Domestic Employment Laws in New York State
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...
Steps to Comply with Nanny Tax Requirements
If you are hiring a nanny or other household employee, it’s important to understand your obligations as a household employer. You must file all applicable nanny tax forms, Social Security, Medicare, federal and state unemployment insurances, and income taxes. These...
Guide to Employing Home Care Workers
The Department of Labor (DOL) recently released a new publication to help families that employ home care workers deal with the very strict wage and hour requirements of the federal Fair Labor Standards Act (FLSA), the federal minimum wage and overtime law that applies...
How Should Household Employers Handle Year-End Taxes?
The end of 2022 is quickly approaching, so it’s important that everything is in order to ensure there are no surprises when it comes time to pay nanny taxes next year. Year-end tax planning isn’t something to put off or ignore. It’s important to look at your finances...