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...
Mar 3, 2017 | Employing a Nanny, Working as a Nanny
Q: I own a business. Can I pay my nanny through my company payroll? A: While it may be tempting to do so, it is illegal, in most cases, to pay a household employee on a business payroll. The legal basis for keeping business and household payroll...
Feb 14, 2017 | Employing a Nanny, Working as a Nanny
Following the presidential election in November, new potential Cabinet members have been going through the nomination process in the Senate. Two of those nominees have come under fire for issues relating to the hiring and paying of household workers. President Trump’s...
