Providing a pay stub to your nanny will help them feel confident they’re being paid correctly. For you, they provide valuable information come tax time. Here’s what to include on their pay stub and the delivery requirements in your state.
Blog Category:
Household Payroll & Taxes
Pay As You Go, So You Won’t Owe: How to Avoid Estimated Tax Penalties
Waiting until you file your personal tax return to pay your household employer taxes could reduce your expected tax return or, if you wind up owing taxes, subject you to an estimated tax penalty for underpaying your taxes during the year. Here’s how to avoid it.
8 Qualities to Look for in a Nanny Payroll Provider
When searching for a nanny payroll provider, remember not all firms are equipped to handle the task. Check for these eight qualities to get exceptional service.
What Household Employers Need to Know About the New Form W-4
The IRS has issued a new Form W-4 to determine how much income tax to withhold from an employee’s paycheck. Here’s what household employers need to know.
Do I Need to File Schedule H?
Hired a nanny or someone else to work in your home? You may have a household employment tax obligation and need to file Schedule H with your personal tax return. Here is everything you need to know including when you need to file, how to prepare, and more.
Get Your Nanny Taxes Organized for Tax Season
Owe nanny taxes? Here are six steps plus one bonus piece of advice for organizing your nanny taxes and being prepared when you need to file your return.
What Can Happen if You Don’t Pay Nanny Taxes
Who will find out if you don’t pay nanny taxes? There a number of ways to easily get caught. And, in the end, you’ll wind up paying more in fines and penalties than in the actual tax responsibility you chose to ignore.
Behind on Your Nanny Tax Obligations? Here’s How to Get Caught Up.
Employed a household employee like a nanny, housekeeper or in-home senior caregiver this year? Put off your nanny tax obligations? With tax time fast approaching, tax forms and filings will be due soon. Here’s how to get caught up when you’re behind on your nanny taxes.
Nanny Tax Threshold Increases for 2020
The Social Security Administration recently released its 2020 Employment Coverage Threshold for household employees. Next year’s coverage threshold increases by $100 to $2,200.
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