Dec 15, 2023 | Employing a Nanny, Payroll, Taxes & Labor Laws
If you pay a nanny or other household employee more than a certain amount in a year, you are responsible for paying employment taxes. That amount is known as the “nanny tax threshold,” and it’s increasing in 2024. Our payroll partner, GTM Payroll...
Sep 15, 2023 | Payroll, Taxes & Labor Laws, Senior Care
Have you hired a senior care employee to work in your home? Follow this senior care payroll and tax guide to ensure you are compliant with employment rules. Step 1 – Determine if you have an employee or independent contractor The main difference between an...
Sep 8, 2023 | Employing a Nanny, Payroll, Taxes & Labor Laws
A common mistake families make when hiring a nanny is to pay them as an independent contractor, not an employee. Our payroll partner GTM Payroll Services provides a look at why a nanny needs a W-2, not a 1099. One of the most common questions (and misunderstandings)...
Oct 21, 2022 | Employing a Nanny, Payroll, Taxes & Labor Laws
The nanny tax threshold is the amount of money you pay a nanny or other household employee in a year that requires you to pay employment taxes. The 2023 nanny tax threshold is going up to $2,600. Our payroll partner GTM Payroll Services explains why this is important...
Oct 14, 2022 | Employing a Nanny, Payroll, Taxes & Labor Laws
When you hire a full-time nanny, your cost goes beyond just their pay rate. There are many other factors to consider when planning your budget. Our payroll partner GTM Payroll Services provides this look at all the costs you need to be aware of when looking to hire a...
