Tag: payroll

What Can Families Learn from this Household Employment Survey?

By A New England Nanny 9 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 […]

READ MORE

No Change to Nanny Tax Threshold for 2019

By A New England Nanny 8 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 […]

READ MORE

Domestic Employment Laws in New York State

By A New England Nanny 12 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 […]

READ MORE

Do You Need to Pay Taxes for a Summer Nanny?

By A New England Nanny 7 0

School will be out soon, and if you’re going to be hiring a nanny to care for the kids during the summer, you might think that since it’s only a temporary job, you don’t need to worry about payroll taxes or even insurance. But those requirements may apply even if you’re only hiring for the […]

READ MORE

Payroll and Tax FAQs from Nannies

By A New England Nanny 6 0

As a nanny or other domestic worker, you may have questions about your employment status and tax obligations. Even if it’s just a temporary placement, it’s important to understanding your (and your employer’s) responsibilities at the beginning of employment. Here are some payroll and tax FAQs from household employees. Am I an employee or an […]

READ MORE

How Much Should I Pay My Nanny?

By A New England Nanny 8 0

One of the most frequent questions we get asked from our families who are hiring a long-term nanny is how much they should pay them. How much to pay a nanny is something to figure out early in the process, not after you decide to hire someone. This way there are no surprises for either side. […]

READ MORE

How Nannies Benefit from Being Paid Legally

By A New England Nanny 7 0

Families benefit from legally paying their nannies or other domestic workers by staying compliant with the law and being able to take advantage of tax breaks. But a nanny benefits as well from being paid legally even though they may see a little less in their paychecks. If you’re hiring or looking to transition a current […]

READ MORE

Nanny Tax Planning for 2018

By A New England Nanny 8 0

Hard to believe 2018 is less than two weeks away! Now is a good time to ensure that everything is in order so there are no surprises when it comes time to pay your nanny taxes next year. Don’t put off or ignore your 2017 year-end tax planning; look at your finances and think about […]

READ MORE

Proposed Regulations to Help Prevent Identity Theft

By A New England Nanny 8 0

Fresh off the recent Equifax breach , the IRS has proposed regulations that may help individuals prevent identity theft when it comes to their W-2s. The proposal would allow truncated Social Security numbers (SSNs) on Form W-2 in the form of Taxpayer Identification Numbers (TTINs), which would hide full SSNs from identity thieves. Employers would be permitted […]

READ MORE

Nanny Tax Compliance Infographic

By A New England Nanny 7 0

Mistakes or misinterpretations of nanny tax compliance laws can mean IRS audits, thousands of dollars in fines and penalties or an employee lawsuit. Our friends at GTM Payroll Services have created this handy infographic that highlights what you need to do to maintain nanny tax compliance. Click the image below to view a larger version.

READ MORE

©   2009-2018  A New England Nanny Ltd.