Household Employment Videos
Enjoy these informational household employment videos that can help guide your decision making when hiring and employing a nanny, senior care aide, housekeeper or other domestic workers.
Household Payroll and Nanny Taxes Made Easy
The IRS estimates that it takes a household employer 60 hours each year to comply with all federal and state tax laws. The administrative tasks of payroll, tax, insurance, and compliance are time-consuming and may seem overwhelming. But that’s where GTM Payroll Services comes in.
How Do I File Nanny Taxes On My Own?
Handling nanny taxes on your own will take some time and effort. Here’s what you need to do. In fact, the IRS estimates that it will take a household employer 60 hours each year to comply with all federal and state tax, wage, and labor laws.
Do I Need to Pay Nanny Taxes?
You’ve hired a nanny, in-home senior care worker, housekeeper or some other employee to work in your home. Do you need to pay “nanny taxes” on your household employee?
How Can I Get Caught Not Paying Nanny Taxes?
It’s easy to get caught not paying the proper taxes when you have a household employee like a nanny. And you’ll end up paying much more in fines and penalties than in the actual tax responsibility you chose to ignore. Here’s how.
Is My Nanny an Employee or Independent Contractor?
Misclassifying your worker is considered tax evasion and can lead to costly fines and penalties. Over the years, the Department of Labor and IRS have increased their enforcement. So it’s important to understand the distinction. Let’s look at the differences.
Do I Need to Pay My Nanny Overtime and Minimum Wage?
Household employees like nannies, in-home senior caregivers, and housekeepers fall under the Fair Labor Standards Act. That means household employees must be paid at least the federal minimum wage and could be subject to overtime regulations.
Workers’ Compensation for Household Employers
Workers’ compensation insurance protects both you as the household employer and your employees in case of a work-related injury or illness. Coverage may be required by your state. Workers’ compensation covers your employees’ necessary medical bills and a portion of lost wages while protecting you from liability.
How to Compensate Your Nanny
How much you’ll pay your nanny is something you’ll want to figure out early in the process. Not after you decide on a candidate. This way there are no surprises for either side. What factors should influence your nanny’s compensation?