May 26, 2023 | Employee Health Benefits, Hiring an Employee, Household Payroll & Taxes
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.
Feb 22, 2023 | GTM Blog, Household Payroll & Taxes, Tax & Wage Laws
With complex tax, wage, and labor laws, there is a lot that goes into paying your nanny. Rather than take on the stress and burden of paying your nanny legally, not to mention the time involved, many families sign up with a nanny payroll service. Here’s how to find the best nanny payroll services to make sure your nanny is paid legally and compliance is taken care of.
Feb 16, 2023 | Household Payroll & Taxes, Tax & Wage Laws
You’ve found the right nanny for your family and now you need to figure out how to pay your caregiver. A nanny is a professional with an important role in your family. You’ll need and want to pay your nanny legally. Here’s what you need to know when it comes to paying your nanny on the books.
Feb 3, 2023 | Hiring an Employee, Household Payroll & Taxes, Tax & Wage Laws
It is easy to slip up – even unintentionally – when you employ someone like a nanny or housekeeper to work in your home. Here are some typical nanny tax mistakes made by families.
Jan 19, 2023 | Household Payroll & Taxes, Tax Season
If you’ve hired a nanny, there are two nanny tax deductions you may be eligible to take.