Received an unemployment notice that your employee has filed a claim? Not sure what to do? If you have paid your nanny legally, you have nothing to worry about. Here’s what to do with answers to some common questions.
Paying household employees “on the books” is always the right and smart thing to do. The benefits and protections for families and their employees far outweigh any perceived financial savings from skirting tax and other obligations. The ongoing COVID-19 pandemic has brought all of this into crystal-clear focus.
The recently passed CARES Act expanded unemployment insurance coverage to eligible individuals for a number of reasons related to the COVID-19 pandemic. Legally paid nannies and other household employees could apply for extended benefits if they qualify.
Who will find out if you don’t pay nanny taxes? There a number of ways to easily get caught. And, in the end, you’ll wind up paying more in fines and penalties than in the actual tax responsibility you chose to ignore.
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.
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