‘Tis the season of giving. Time to consider a holiday bonus for your nanny. How much should you give? Do you even have to give one? What about other types of gifts? You may have questions about your nanny’s holiday bonus. Here are some answers.
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Understanding Household Employment
11 Factors When Budgeting for a Nanny
When hiring a nanny, you’ll want to get a complete picture of your financial obligation. Look at all of the costs beyond their wages so there are no surprises that could bust your budget. Here are 11 factors to consider when budgeting for a nanny.
How to Offer a Retirement Plan to a Household Employee
Families with household help may consider offering a retirement plan to their employees to help attract top candidates to their jobs and retain their best employees. It’s easy to do and GTM can help.
IRS Announces 2024 Employee Benefit Plan Limits
The IRS recently announced the cost-of-living adjustments for employer-sponsored retirement and employee benefit plans for 2024.
Minnesota Passes State-Wide Earned Sick and Safe Leave
Minnesota becomes the latest state to pass a paid sick and safe leave law that includes all employers – including families with household help.
How to Reduce Your Nanny Taxes
You figured out much you owe in nanny taxes when you employ someone to work in your home. Now the good news! Here are seven ways to reduce your nanny taxes that can save money for both you and your employee.
Why COVID-19 Vaccination Status is Critical When Hiring a Nanny
For both nannies seeking work and parents who wish to hire in-home caregivers, vaccination for COVID-19 can provide a big advantage, especially in a tight household employment job market.
The Best Ideas for National Nanny Recognition Week that Your Nanny Will Love
National Nanny Recognition Week starts September 19. This is a time to show appreciation for the hard work, patience, and dedication of our in-home caregivers. Thoughtful gestures can go a long way to making your nanny feel valued for the job that they do. Here are some ideas to make this week special or any time, for that matter, you want your nanny to know that they are treasured by your family.
IRS Releases 2021 Contribution Limits
The IRS has released its cost-of-living adjustments, which impact several contribution limits for the 2021 tax year. Here are some of the key contribution limits relevant to household employers.
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