Hiring a nanny can provide much-needed support for families, but it also comes with specific financial responsibilities. One of those responsibilities is the “nanny tax,” a federal requirement that ...
Families who hire nannies might be responsible for remitting payroll taxes, depending on how much the nanny is paid. On the bright side, some of these taxes can be offset through tax breaks. There are ...
Now, the new tax-reporting rule adds mobile app payments to a growing list of ways a client can get caught illegally paying their nanny. Household employees should always be paid “on the books” to ...
If you personally employ a nanny, housekeeper, gardener or maid, you may have to pay payroll taxes. Learn when you should pay, what you should withhold and what forms you need to use. Properly ...
Figuring out nanny taxes and payroll for your clients with household help can be a hassle, not to mention time-consuming. But you need to keep your clients compliant so calculating nanny taxes “after ...