Demystifying Your Paycheck: A Guide to Payroll Taxes for Employers and Staff
Understand household payroll taxes, FICA withholdings, disability insurance, and PFML. Learn how compliant payroll protects employers and employees alike.
Can I Pay my Nanny Through my Business Payroll?
If you run a business and employ household help, can you pay that employee through your company payroll? This is a common tax question that can affect your personal and company finances. The short answer is no – a household employee shouldn’t be paid by a corporate entity through their business payroll. Here’s why.
Household Employees: What Employers Need to Know
Hiring household employees comes with responsibilities and legal obligations. Understand the essential aspects of hiring household employees, employment taxes, and how to ensure a smooth and lawful employment relationship.
Paying in Arrears or Current? What’s the Best Way to Pay My Nanny?
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.
Why it’s a Bad Idea to Pay a Nanny Half on and Half off the Books
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.
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