by Trevor Sparks | May 19, 2023 | GTM Blog, Hiring an Employee, Household Payroll & Taxes
As with any other household employment, taxes in a nanny share arrangement will be owed by the families and the caregiver. We’ll answer 5 key questions to give you everything you need to know about how to pay taxes when forming a nanny share.
by Trevor Sparks | Apr 24, 2023 | GTM Blog, Hiring an Employee, Household Payroll & Taxes, Tax & Wage Laws, Tax Season
One of the most common questions (and misunderstandings) surrounding household employment is whether a family can provide their nanny a 1099 at tax time and consider them an independent contractor rather than a household employee. The short answer is “no.” Here’s why and answers to other questions you may have.
by Trevor Sparks | Mar 24, 2023 | Hiring an Employee, Household Payroll & Taxes, Tax Season
When preparing your personal tax return, you may be looking for ways to reduce your tax obligation. Can you claim your nanny’s wages for a tax break? Before filing your tax return, here are 8 questions (and one bonus question) to determine if you qualify for tax breaks.
by Trevor Sparks | Mar 9, 2023 | Employee Benefits, GTM Blog, Household Payroll & Taxes
You figured out much you owe in nanny taxes when you employ someone to work in your home. Now the good news! Here are seven ways to reduce your nanny taxes that can save money for both you and your employee.
by GTM Payroll | Jan 19, 2023 | Household Payroll & Taxes, Tax Season
If you’ve hired a nanny, there are two nanny tax deductions you may be eligible to take.