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)...
Sep 1, 2023 | Employing a Nanny, Health & Safety
One of the best ways a family can recruit and retain a high-quality nanny is by offering health benefits. But some plans can be very costly. However, there are pre-tax health benefits available that can cost almost nothing. Our payroll partner GTM Payroll Services...
Mar 24, 2023 | Payroll, Taxes & Labor Laws
From IRS.gov Eight Tax Savers for Parents Your children may help you qualify for valuable tax benefits. Here are eight tax benefits parents should look out for when filing their federal tax returns this year. 1. Dependents In most cases, you can claim your child as a...
