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CLIFTON PARK, NY – April 30, 2020 – GTM Payroll Services, the nation’s leader in nanny tax and payroll services for families that hire someone to work in their homes, is lending support to the Nanny Relief Fund, a newly-launched nonprofit organization serving workers in the household employment industry.
The COVID-19 pandemic has impacted everyone, and many nannies are especially at risk during this time as they may be overlooked by traditional labor protections such as paid leave and unemployment benefits.
The Nanny Relief Fund looks to assist in-home caregivers with tangible support in their times of need.
“We are incredibly grateful for the donation from GTM Payroll Services,” said Boston Nanny Centre Owner and Director Laura Chandra who also serves on the Board of Directors of the Nanny Relief Fund. “Their generosity will help us assist those most in need during this crisis. GTM has been a long-time advocate and educator on legal pay and best practices in employee management within the household employment industry.”
GTM Payroll Services has joined placement agencies, nannies, and others in the industry by making a financial donation to help out-of-work caregivers.
“The Nanny Relief Fund is giving peace of mind to the cherished nannies who care for our children and often times become part of our families,” said GTM Payroll Services’ Founder and CEO Guy Maddalone. “Thousands of GTM clients across the country are paying their employees the right way so these nannies are eligible for paid leave and unemployment. Unfortunately, many others are paid under the table and left vulnerable during this health crisis.”
While federal legislation like the Families First Coronavirus Response Act and the CARES Act provide extra paid sick and family leave and expanded unemployment benefits, many nannies may not be able to take full advantage of these protections because they are not paid legally.
Families with household help are considered employers and must remit Social Security, Medicare, and unemployment taxes and other state taxes as required. Failing to do so denies their employees many benefits like workers’ compensation and disability insurance as well as unemployment and paid sick leave. Non-compliance also leaves families vulnerable to significant fines and penalties and payment of back taxes if they get caught.
The Nanny Relief Fund is continuing to accept donations from individuals and businesses.
Nannies can visit the Nanny Relief Funds’ website to apply for consideration when funds become available.
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About GTM Payroll Services
Founded in 1991, GTM Payroll Services is a recognized leader in payroll, tax, insurance, and compliance services for families that employ household help. Today, GTM processes more than $1 billion in payroll every year for more than 44,000 employees. The firm’s staff of more than 70 employees includes certified payroll professionals, licensed insurance brokers, PHR-certified human resource managers, employment tax experts, and CPAs. The firm is SOC 1-compliant, the industry standard for client information security. GTM is an active member of the Association of Premier Nanny Agencies (APNA) and the International Nanny Association (INA). The firm is also an accredited business with the Better Business Bureau (BBB). For more information, visit GTM Payroll Services at GTM.com.