Benefits of Nanny Tax Compliance

Benefits of Nanny Tax Compliance

While it may be tempting to pay your nanny or other household employee “off the books,” the benefits of being compliant with tax and labor laws far outweigh the risks of not following the law. Plus you’ll have peace of mind knowing you are adhering to your...
Interviewing a Nanny: Asking About Disabilities

Interviewing a Nanny: Asking About Disabilities

Q:  We will be interviewing a nanny who came highly recommended. But we have heard from a friend that this nanny has been in and out of the hospital lately due to back pain. Is this something we can ask her about during the interview? A:  According to the Americans...
4 Key Reasons to Use a Nanny Payroll Service

4 Key Reasons to Use a Nanny Payroll Service

There is more to paying your household employee then just cutting them a paycheck each week. Taxes need to be paid (by the employer and employee) and insurance coverage may need to be in place, just to start. The four key reasons to use a nanny payroll service are:...

IRS Publications for Homeowners

Here is a library of IRS publications for homeowners, covering many issues of concern. Title Publication Number Description Home Mortgage Interest Deduction 936 Includes general information on home mortgage interest, including points, how to report deductible interest...
7 Questions to Ask a Household Payroll Provider

7 Questions to Ask a Household Payroll Provider

A household employer must understand the federal, state, and local employment laws that pertain to his or her household. Many laws require the employer to obtain, file, and submit necessary paperwork. Tax laws also have paperwork requirements, such as reporting wages...
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