Dec 8, 2023 | Employee Benefits, GTM Blog, Household Employer Policies
‘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.
Nov 20, 2023 | Employee Benefits, Employee Health Benefits, GTM Blog
The IRS recently announced the cost-of-living adjustments for employer-sponsored retirement and employee benefit plans for 2024.
Nov 17, 2023 | GTM Blog, Household Payroll & Taxes, Tax & Wage Laws
The Social Security Administration released its 2024 Employment Coverage Threshold for household employees. Next year’s coverage threshold increases by $100 to $2,700.
Nov 13, 2023 | Domestic Workers' Rights, GTM Blog, Labor Laws
The Chicago Paid Leave and Paid Sick and Safe Leave Ordinance will expand paid time off for workers in the city, including household employees, to 10 days of paid leave. It’s considered one of the most generous policies in the country. Here’s how household employers will need to comply.
Oct 20, 2023 | GTM Blog, Hiring an Employee, Household Payroll & Taxes, Tax Season
Being a household employer comes with a fair share of paperwork. Getting set up as an employer, withholding and remitting nanny taxes, and taking care of year-end taxes all require forms to be filled out by you and/or your nanny. Here are the 10 nanny tax forms every household employer will need.
Oct 6, 2023 | GTM Blog, Household Payroll & Taxes, Tax & Wage Laws
Paying a nanny “on the books,” as opposed to “under the table” simply means you are doing things the right way and treating your nanny as a professional caregiver. You are paying them according to applicable tax, wage, and labor laws and withholding and remitting taxes appropriately. Here’s how.