May 11, 2018 | Employing a Nanny, Working as a Nanny
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...
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...
