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.
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.
Don’t be fooled! You may need to pay nanny taxes when hiring a senior caregiver. If you’re considered their employer, you’ll need to comply with applicable tax, wage, and labor laws.
Considering a nanny tax and payroll service provider? Here are the questions to ask that will help you remove the risks, hassles, and worries of paying a household worker the right way.
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.
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