Retain top household staff in your family office. Explore crucial strategies: competitive pay, generous benefits, and a positive work environment.
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GTM Blog
Hourly or Salary? What’s the Best Way to Pay My Nanny?
Understand the differences between hourly and salary pay for nannies. Get practical guidance on calculating pay, overtime, guaranteed hours, and payroll cycles.
Power of Attorney vs. Guardianship: What’s the Difference?
Plan ahead for your loved one’s future. Understand the key differences between Power of Attorney (POA) and Guardianship, and learn which legal tool is right for your family’s needs.
Divorce or Separation: Who Can Claim a Child as a Dependent on Taxes
Navigating taxes after a divorce with children can be tricky. This guide simplifies the rules around claiming dependents, including eligibility requirements and available tax breaks for single parents. Learn who qualifies as the custodial parent and how to maximize your deductions.
How to Catch up on Nanny Taxes in 8 Steps
Whether you put off nanny taxes until now or are just realizing you have a household employment tax obligation, now is time to catch up on your nanny taxes. While it is much easier to track nanny tax withholdings with each pay period, you can “catch up” at the end of the year. It will take a little more time and effort on your part. Here’s how to catch up on your nanny taxes as you prepare your 2024 taxes.
Employee Retention in Household Staffing
Learn why employee retention for family offices is crucial and discover effective strategies to build a strong team and protect your legacy.
Everything Families Need to Know about the Child and Dependent Care Tax Credit
Families can take advantage of the Child and Dependent Care Tax Credit to save on childcare expenses. Wages paid to a nanny qualify for the credit. Here is everything a family with a nanny or other childcare needs to know about claiming this tax credit on their personal tax return.
What to Give Your Nanny as a Holiday Bonus
‘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.
Can My Nanny Take Time Off to Vote?
As Election Day approaches, families may be curious if they are required to provide their nannies and other household employees with time off to vote. The answer is … it depends. Here’s what household employers need to know as well as other considerations when it comes to voting.
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