Whether you fired your nanny on the spot or had an amicable split, they may file for unemployment compensation. Household employers have unemployment-related responsibilities during a nanny’s employment and after their termination. Here’s what you need to know when your nanny files for unemployment.
Some household employers think they don’t need an EIN and can file their employment taxes using their Social Security Number. Here’s why that’s wrong and will cause issues at tax time.
This may come as a surprise to some household employers but, yes, your nanny needs a W-2 at the end of the year. It’s the law. Ignoring this can land you in a heap of trouble with federal and state agencies. We’ll help you rectify this mistake.
State Department spokeswoman Heather Nauert is the latest political nominee to be derailed by nanny taxes. These problems can disrupt anyone aspiring to advance their career. Here’s how to avoid these issues and protect yourself.
It may make sense to just hand over your tax and payroll responsibilities to your accountant and let them manage it all. However, there are some considerations before going this route. Here are six reasons why you may want to use a payroll service rather than your accountant to handle your nanny tax and payroll obligations.
Are you an accountant managing a client’s nanny taxes and payroll? Getting it right may not be that easy. Avoid common mistakes with our nanny tax compliance guide for accountants.
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