Can You Pay Your Nanny a Salary?
The short answer is “no.” You can’t pay your nanny a pre-set, flat-salaried amount for all hours worked in a week. You could pay her for guaranteed hours, which is different from a nanny salary. Here’s why. Exempt v. Non-Exempt Employees There...
Do I Need to Pay Taxes on a Summer Nanny?
If you’re considering employing a summer nanny to look after your kids while they are off from school, you should be aware that nanny tax, payroll, and insurance requirements may apply even if you’re only hiring for the season. Here’s what you need to know about...
How Long Should You Retain Tax and Payroll Records?
As a family that has hired a nanny, in-home senior caregiver, or other household employees, you are now considered an employer and should follow guidelines for retaining payroll records. Failing to provide required information when requested by the IRS or state agency...
What is a State Tax Reciprocal Agreement?
Filing taxes can be tricky, but it can be even more so if your employee lives in one state but works in another. In this case, where should taxes be filed? Does your employee have to file in both states? The answer depends on if the two states have a reciprocal...
