Employed a household employee like a nanny, housekeeper or in-home senior caregiver this year? Put off your nanny tax obligations? With tax time fast approaching, tax forms and filings will be due soon. Here’s how to get caught up when you’re behind on your nanny taxes.
A California family was sued for not properly paying their live-in caregiver. The case shows how risky and costly it can be to ignore or not understand domestic employment laws and failing to have a work agreement in place that spells out an employee’s hourly rate, overtime rate, and schedule.
In many ways, a nanny share contract is no different than a typical nanny contract. You’ll detail the basics like pay, hours, schedule, benefits, and paid time off. However, there are some nuances to a nanny share that need to be spelled out in the contract so there’s no confusion down the road.
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.
Are you an accountant managing a client’s nanny taxes and payroll? Getting it right may not be that easy. Avoid common mistakes with our nanny tax compliance guide for accountants.
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