by Trevor Sparks | Dec 6, 2022 | GTM Blog, Household Payroll & Taxes, Tax & Wage Laws, Tax Season
It’s tax season! And one of the first steps for household employers is to provide Form W-2 to their workers. They will need this document to file their personal tax return. Here is how to prepare and create a Form W-2 for your nanny.
by Trevor Sparks | 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.
by Trevor Sparks | Jan 28, 2022 | GTM Blog, Hiring an Employee, Household Payroll & Taxes, Tax Season
Being a household employer comes with a fair share of paperwork. Getting set up as an employer, withholding and remitting nanny taxes, and taking care of year-end taxes all require forms to be filled out by you and/or your nanny. Here are the 10 nanny tax forms every household employer will need.
by Trevor Sparks | Jan 7, 2022 | GTM Blog, Household Payroll & Taxes, Tax & Wage Laws, Tax Season
Whether you put off nanny taxes until now or are just realizing you have a household employment tax obligation, now is time to catch up on your nanny taxes. While it is much easier to track nanny tax withholdings with each pay period, you can “catch up” at the end of the year. It will take a little more time and effort on your part. Here’s how to catch up on your nanny taxes as you prepare your 2021 taxes.
by Trevor Sparks | Jan 26, 2021 | COVID-19, Household Payroll & Taxes, Tax & Wage Laws, Tax Season
It’s that time of year again. Here’s what you need to know if employed someone to work in your home last year and how to file your nanny taxes in 2021.