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:...
Sep 30, 2015 | Employing a Nanny
Here is a library of IRS publications for homeowners, covering many issues of concern. Title Publication Number Description Home Mortgage Interest Deduction 936 Includes general information on home mortgage interest, including points, how to report deductible interest...
Sep 23, 2015 | Employing a Nanny
A household employer must understand the federal, state, and local employment laws that pertain to his or her household. Many laws require the employer to obtain, file, and submit necessary paperwork. Tax laws also have paperwork requirements, such as reporting wages...
