Dec 16, 2022 | Payroll, Taxes & Labor Laws, Working as a Nanny
Earlier this year we discussed a new tax reporting rule regarding online payment apps for paying nannies and babysitters. As we prepare for the 2023 tax season, the IRS has just issued a reminder about this new rule. Our payroll partner, GTM Payroll Services, provides...
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...
Sep 30, 2022 | Employing a Nanny, Payroll, Taxes & Labor Laws
What can happen if you don’t comply with household employment laws? It can cost you hundreds of thousands of dollars in fines, penalties, and payment of back wages. Our payroll partner, GTM Payroll Services, gives some recent examples of the importance of...
Jul 22, 2022 | Payroll, Taxes & Labor Laws, Working as a Nanny
It’s important for employers to know the legalities of employing a nanny or other household worker, but it’s equally important for nannies to understand the benefits of being paid “on the books,” and the consequences of not. Below are several...
