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 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.
Jan 13, 2023 | GTM Blog, Household Payroll & Taxes, Tax & Wage Laws, Tax Season
Still have your 2022 nanny taxes to knock off your to-do list? If you are a new household employer and taking on nanny taxes for the first time, this quick step-by-step guide will take you through the process. Even if you’ve put off anything to do with nanny taxes until now, do not worry.