From Paycheck to Tax Return: A Nanny's Guide to Federal Income Tax Withholding
Discover how to navigate federal income tax withholding as a nanny. From understanding your W-4 form to utilizing the IRS Tax Withholding Estimator, this guide helps you ensure accurate tax deductions and avoid surprises at tax time.
8 Convincing Reasons to Catch Up on Back Wages and Nanny Taxes Now
In the world of household employment, paying nannies, housekeepers, and caregivers under the table is a common practice. However, the responsibility for tax compliance falls squarely on the employer. Here are 8 compelling reasons why catching up on the nanny tax is not just a legal obligation but a strategic move for your financial well-being.
Navigating Payroll Dilemmas: How to Address Resistance When Your Household Employee Prefers Off-the-Books Payment
Explore the reasons behind employee resistance to legal payment and gain valuable strategies to address their concerns. From fostering transparent communication to offering financial consultation, navigate the transition to legal payroll seamlessly, ensuring a positive employer-employee relationship while upholding ethical payment practices. Read on to unlock practical solutions and build a harmonious foundation for your household employment journey.
2024 IRS Update: Get back up to $1,200 in nanny or caregiver expenses through the Child Care Tax Credit
2024 IRS Update: Learn how to maximize savings with the Child Care Tax Credit
Launching Success: 12 Tips for Your Nanny's First Day
Embarking on a positive journey with your new nanny begins with a successful first day. In our latest blog post, 'Launching Success: Twelve Tips for Your Nanny's First Day,' discover essential advice to ensure a smooth and welcoming start. From communication strategies to creating a comfortable environment, empower your nanny and set the stage for a harmonious and productive working relationship and caregiver-family collaboration.
Smart Savings: How Dependent Care FSAs Cut Costs for Nanny and Caregiver Expenses
Discover the financial benefits of Dependent Care Flexible Spending Accounts (FSAs). Learn how these tax-advantaged accounts can help you save on eligible childcare expenses, providing a strategic way to manage family finances. Dive into the details of contribution limits, eligible expenses, and the potential tax savings that come with utilizing a Dependent Care FSA. Don't miss out on maximizing your tax benefits while ensuring quality care for your dependents.
Unlocking Savings: How Legal Nanny Payments Bring Tax Breaks and Credits Your Way
Investing in legal nanny payments not only ensures compliance but opens the door to significant tax breaks and credits. Discover how prioritizing legality in payroll can be a strategic financial move, offering both peace of mind and valuable savings for your family's future.
How to Pay Your Au Pair Legally in California
Paying your au pair legally in CA is like paying a regular employee.
Did Your Nanny Ask to be Paid Under the Table? Here's What to Say!
Help your employees understand why it's better to be paid legally.
California Household Employers: Worker’s Compensation Insurance is Required, But You May Already Have it.
It’s easy to get worker’s compensation coverage for your household employees.
The Easy Guide To Making Estimated Tax Payments
How to pay estimated taxes for your household employees like nannies, caregivers and housekeepers.
How to Manage Household Payroll On Your Own
How to Manage Household Payroll On Your Own
Managing payroll for household employees like nannies or housekeepers can feel overwhelming, but it’s essential to ensure compliance with tax and labor laws. If you pay someone $2,800/year or more, or $1,000/quarter, you're considered a household employer, and these 12 steps outline how to do it legally. From verifying work authorization (Form I-9) and setting up an Employer Identification Number (EIN) to registering with your state, securing workers’ compensation, and withholding taxes, this guide walks you through the process.
Each step, including quarterly filings, year-end W-2s, and adherence to the Domestic Worker’s Bill of Rights, ensures you protect both your household and your employee. Tools like Nest Payroll can help streamline these requirements, making household payroll management easier than ever.