Sep 8, 2023 | GTM Blog, Household Payroll & Taxes, Tax & Wage Laws
What can you expect to pay in taxes when you hire a nanny? While all household employers pay taxes to the IRS, your total nanny tax obligation will depend on your state. We break it all down so you can understand how much you may pay in nanny taxes.
Aug 11, 2023 | Hiring an Employee, Household Employee Management, Household Payroll & Taxes
What are the costs when hiring a live-in nanny? Check out our complete guide to understanding live-in nanny costs including pay and overtime, room and board, taxes, benefits, and insurance.
Jun 30, 2023 | Household Employee Management, Household Employer Policies, Household Payroll & Taxes
If your nanny drives their car while on the job, it’s a best practice to reimburse them for gas and mileage. Here’s how to do it the right way and avoid any additional taxes for extra compensation.
Jun 23, 2023 | Household Employer Policies, Household Payroll & Taxes, Tax & Wage Laws
When paying your nanny, you can pay them in arrears or current. Here are the differences between the two methods and why paying in arrears may work best for your family.
Jun 9, 2023 | GTM Blog, Household Payroll & Taxes, Tax & Wage Laws
You have a few options to pay your nanny taxes. While the main point is to actually remit the proper amounts, some methods may be more advantageous for you to avoid underpayment tax penalties. Here is the best way to pay your nanny taxes.
May 26, 2023 | Employee Health Benefits, Hiring an Employee, Household Payroll & Taxes
For a few reasons, like qualifying for a health insurance subsidy or taking home more money, a nanny may want to be paid half on and half off the books. This may seem like a reasonable compromise especially if you like the caregiver. Plus, you save on taxes too. Everyone is happy. Right? Here are four key reasons why this is a bad idea even if well-intentioned.