Although paying “off the books” gives the employee more income and saves families from the extra paperwork, it is illegal and can make you liable for unpaid taxes, interest, and penalties. Follow these 14 steps to nanny tax compliance to ensure you are following employment laws.
I own a business. Can I pay my nanny through my company payroll? While it may be tempting to do so, it is illegal, in most cases, to pay a household employee on a business payroll.
While it is not madatory to sign timesheets, we recommend that employees acknowledge that their time records are accurate, either by signing them or by some other submission and acknowledgment method or technology.
The end of 2016 is only about 2 weeks away, so it’s important that everything is in order to ensure there are no surprises when it comes time to pay your nanny taxes next year. We recommend not putting off or ignoring your 2016 year end tax planning.
Last week, minimum wage changes in San Diego and Washington, D.C. were announced. See what the new wages will be and how household employers in these cities should prepare for the changes.