Mar 23, 2018 | Employing a Nanny, Working as a Nanny
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....
Feb 9, 2018 | Employing a Nanny, Working as a Nanny
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...
Feb 2, 2018 | Employing a Nanny, Working as a Nanny
The recently enacted Tax Cuts and Jobs Act (TCJA) made significant changes to income tax rates, exemptions, deductions, credits, and more. What does this mean for your family’s finances, specifically child-related tax credits? Expansion of Child Tax Credit TCJA...
Sep 22, 2017 | Employing a Nanny
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...
Mar 31, 2017 | Payroll, Taxes & Labor Laws
If you are hiring a nanny or other household employee, it’s important to understand your obligations as a household employer. You must file all applicable nanny tax forms, Social Security, Medicare, federal and state unemployment insurances, and income taxes. These...
