Mar 22, 2024 | Hiring an Employee, Household Payroll & Taxes, Tax & Wage Laws
Calculating nanny taxes is an important step when hiring an in-home caregiver for your children. It’ll help you understand your total budget for childcare beyond just the wages you’ll pay your nanny. Here’s what you need to know.
Jan 5, 2024 | GTM Blog, Household Payroll & Taxes, 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 2023 taxes.
Oct 30, 2023 | Household Employee Management, Household Payroll & Taxes
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.
Sep 8, 2023 | GTM Blog, Household Payroll & Taxes, Tax & Wage Laws
What can you expect to pay in taxes when you hire a nanny? While all household employers pay taxes to the IRS, your total nanny tax obligation will depend on your state. We break it all down so you can understand how much you may pay in nanny taxes.
Jun 9, 2023 | GTM Blog, Household Payroll & Taxes, Tax & Wage Laws
You have a few options to pay your nanny taxes. While the main point is to actually remit the proper amounts, some methods may be more advantageous for you to avoid underpayment tax penalties. Here is the best way to pay your nanny taxes.