Jun 23, 2022 | Hiring an Employee, Household Payroll & Taxes, Tax & Wage Laws
Summer is a popular time for minimum wage rate increases that apply to nannies and other household employees. It’s important to check the rate you’re paying a household worker to make sure it is not a wage violation. Rates are on the rise in several states and cities across the country.
Jun 3, 2022 | GTM Blog, Household Payroll & Taxes, Tax & Wage Laws
A new tax reporting rule on mobile payments – aimed at businesses that underreport their income – may be having an unintended impact on wealthy families. Here’s why and how household employers should respond.
May 27, 2022 | GTM Blog, Hiring an Employee, Household Payroll & Taxes
When you hire someone to work in your home, you become an employer. And with that designation comes employment tax responsibilities, which are commonly called “nanny taxes.” So how do you pay nanny taxes and make sure everything is correct? There are a few ways to tackle this including doing it yourself. If you’re ready to take this on, here are 7 steps to paying nanny taxes yourself.
May 25, 2022 | GTM Blog, Hiring an Employee, Household Payroll & Taxes
A nanny payroll service can make your life easier by removing the hassles of payday and taxes. But not all services are created equal. Here’s are six considerations to find the right service for your needs.
Mar 10, 2022 | GTM Blog, Household Payroll & Taxes, Tax Season
Child care can be costly but there are a few ways families can cut the expense of child care such as claiming the Child and Dependent Care Tax Credit when they file their personal tax returns. With an expanded credit for this filing season, it is a tax-savings opportunity not to miss.
Feb 14, 2022 | Domestic Workers' Rights, Household Payroll & Taxes, Tax & Wage Laws
A household employer in Massachusetts has been ordered to pay nearly $27,000 for violating the state’s wage and hour, overtime, and domestic worker protection laws.