Jan 6, 2016 | Employing a Nanny, Working as a Nanny
It’s that time of year again – tax season! Many household employers may have questions regarding W-2s for their nannies or other household employees. Please see the answers below to some of the most commonly asked questions. Q: Does my nanny receive a 1099 form?...
Jan 5, 2016 | Employing a Nanny
If you pay your nanny or other household employee $2,000 (2016) or more in a year, you are required to pay state and federal taxes. Taxes required to withhold, file, and pay: Social Security Medicare Other taxes GTM strongly recommends withholding (but are not...
Nov 5, 2015 | Employing a Nanny, Working as a Nanny
Domestic workers hold jobs like any other professional and should be paid legally to gain important protections and advantages. You will need to pay taxes but the benefits will far outweigh the small amount taken out of your paycheck. THE SMART CHOICE Here are some of...
Oct 14, 2015 | Employing a Nanny, Working as a Nanny
While it may be tempting to pay your nanny or other household employee “off the books,” the benefits of being compliant with tax and labor laws far outweigh the risks of not following the law. Plus you’ll have peace of mind knowing you are adhering to your...
Oct 7, 2015 | Employing a Nanny
There is more to paying your household employee then just cutting them a paycheck each week. Taxes need to be paid (by the employer and employee) and insurance coverage may need to be in place, just to start. The four key reasons to use a nanny payroll service are:...
