As with any other household employment, taxes in a nanny share arrangement will be owed by the families and the caregiver. We’ll answer 5 key questions to give you everything you need to know about how to pay taxes when forming a nanny share.
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.
The American Rescue Plan – a $1.9 trillion pandemic relief package that includes expanded tax credits, additional stimulus checks, extended unemployment benefits, and more – is now in effect. Here’s how this landmark legislation will impact families and nannies.
Scammers are using the pandemic to commit unprecedented levels of unemployment fraud. Here’s what to do if you or your employee is a victim.
With President Biden now in the White House, what does this mean for families and the nannies they employ for in-home child care? We look at some of Biden’s proposals and plans to see how his administration may impact families and nannies.