Blog
Understanding Household Employment
Nanny Tax Changes for 2014
If you have at least one household employee that you will pay more than $1,900 during 2014 (changed from $1,800 in 2013), you may be required to pay federal and state employment taxes. There are a few changes and updates to tax laws that may affect you. Social...
California Domestic Workers Rights Law is in Effect
California's Domestic Worker Bill of Rights (AB241) took effect yesterday, making California the third state in the nation to enact such a law; New York passed theirs in 2010, and Hawaii’s passed in 2012. The law grants overtime protections to domestic workers in...
Labor Laws for Household Employers
It is the responsibility of every household employer to pay and treat their employee(s) fairly and professionally in accordance with the Fair Labor Standards Act and IRS Publication 926 (Household Employers Tax Guide). Please use the following information to ensure...
The Benefits of Paying Your Nanny Legally
GTM Payroll Services estimates that there are more than two million household employees in the United States today. However, recent data compiled by the IRS show a startling number of household employers in noncompliance—whether or not intentional—with paying payroll...
Overtime Guidelines for Household Employees
Who is Eligible? According to the Federal Labor Standards Act (FLSA) of 1938, household employees – whether they are live-in or live-out – are eligible to receive overtime after forty hours of work in one work week (seven consecutive days). Household employees are...
Holiday Bonuses and Gifts for Nannies
According to the International Nanny Association’s “2013 INA Salary and Benefits Survey,” 53% of nannies across the nation received a year-end bonus in 2011. These bonuses include anywhere from a week’s salary to a month’s salary or more. GTM conducted its own survey...
Nanny Tax Year-End Planning
The end of the calendar year is quickly approaching, so it’s important that everything is in order to ensure there are no surprises when the time comes to pay the nanny tax. Year-end planning isn’t something to put off or ignore. It’s important to look at your...
Hiring a Senior Caregiver
In 2011, the first of America’s baby boomers—78 million people born between 1946 and 1964—reached their 65th birthday. These baby boomers began to turn age 65 at a rate of 8,000+ per day. According to the U.S. Administration on Aging (AOA), people reaching their 65th...
2014 Minimum Wage Increases
Beginning January 1, 2014 (unless otherwise noted), several states and cities will be raising their minimum wage. Please see the list below to ensure you are compliant with the wage laws in your state. Click each state or city name to see articles or announcements...
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