So what are the payroll taxes household employers pay?
Nanny taxes, what are they? First it is important to understand the so called “nanny taxes” are not just for nannies! The Nanny Tax is a catchy phrase for headline
Knowledge Center Category: Nanny Employers
Nanny Share: Managing Childcare Costs in a Troubled Economy
Child care is very expensive – ask any working parent. Childcare cost management is often the second largest monthly expense, after mortgage/rent payments, which a family with young children deals with. According
Nanny Holiday and Year End Bonuses
Do I give my nanny a holiday bonus or a yearend bonus? Many employers seek guidance on bonus and incentive pay norms for nanny employment. There is no “one size
Fair Labor Standards Act (FLSA) Overtime Rules and Domestic Employment
Fair Labor Standards Act (FLSA) overtime rules and domestic employment are often misunderstood by the household employer. The temptation is to either agree to a weekly “salary”, agree to “average
What may happen if I do not pay the nanny taxes?
What happens if I don’t pay for my nanny taxes? Failure to report wages paid to a domestic service worker – including a nanny, senior caregiver, housekeeper and more –
Outsourcing Schedule H to a Household Payroll Specialist
Busy tax preparation firms always encounter a few clients who come to them during busy season with household payroll that has not been attended to throughout the prior year. The client
How do we handle nanny share payroll taxes with another family?
When you share a nanny with another family, both families become employers. Presuming that you each pay the nanny for the work performed for your individual family, each employer is
Do I need to pay my housekeeper or nanny overtime? What about nanny minimum wage?
The simple answer is yes. Domestic employees specifically are covered by the Fair Labor Standards Act (FLSA) and have been since 1974. The FLSA establishes: The rules for workers who
My nanny or caregiver is not a legal resident. What should I do about employment taxes for undocumented nanny?
The Internal Revenue Code maintains that the immigration status of your nanny or other employee has no bearing on your obligation for nanny employment taxes. Immigration enforcement is focused on
My nanny wants net take home pay of $600 a week. What does that mean?
Many household employees, including nannies, expect to negotiate a “net wage” or “net take home pay” agreement with their employer. The net take home pay agreement is a foreign concept