Why Paying Nanny Taxes Matters
As a responsible employer, paying your nanny’s taxes is essential. It offers significant benefits for both you and your nanny, all of which outweigh the cost of paying illegally.
As a responsible employer, paying your nanny’s taxes is essential. It offers significant benefits for both you and your nanny, all of which outweigh the cost of paying illegally.
One of the hardest parts of hiring a nanny could be negotiating a pay rate. With the proper preparation and mindset, negotiating pay with your nanny will be just like a conversation. Here are some tips on how to negotiate your nanny’s pay.
When hiring a nanny, you’ll want to get a complete picture of your financial obligation. Look at all of the costs beyond their wages so there are no surprises that could bust your budget. Here are 11 factors to consider when budgeting for a nanny.
The Social Security Administration released next year’s Employment Coverage Threshold for household employees, commonly called the “nanny tax threshold.” If a household employee earns more than this threshold, the family and the employee must pay Social Security and Medicare taxes.
Hiring a nanny will be one of the most important decisions you’ll make as a parent. Even though you may not have a lot of time to put into the hiring process, don’t overlook these 7 tasks that could get skipped.