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When DIY Nanny Taxes Go Wrong

Posted by HomeWork Solutions on Jul 30, 2015 3:21:00 PM

A Nanny Payroll Case Study

There’s no doubt about it. Nanny taxes are complicated. There are federal and state taxes, as well as federal and state labor laws that need to be upheld. For some families, while taxes can be a little overwhelming, they think that they can figure it out themselves. This can be done, but before you do it yourself, you need to know it all – the ins and outs of preparing nanny taxes. If not, the do it yourself method can go terribly wrong. Consider this case study of a family that thought they had a good understanding of tax filings, but in fact, ended up making some costly errors.

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Topics: household payroll literacy, nanny taxes, payroll recordkeeping, nanny tax case study

6 Things About Household Payroll Tax Every Caregiver Should Know

Posted by HomeWork Solutions on Sep 30, 2014 6:07:00 PM

Nannies and senior caregivers who work in a private home, receive instructions and directions from the family employer and are paid by the family (either directly or via a household payroll company) are employees in the eyes of the IRS and US Department of Labor. As employees, many aspects of compensation and payroll are governed by payroll and labor law, no different than employees in a department store, factory or othr workplaces. Tax and labor law that covers household employees are often unique, and all too often neither the family nor the caregiver know the important details. Household payroll literacy on the part of a nanny or senior caregiver is important as they negotiate pay and benefits with their employers, many of whom don't understand these key points themselves.

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Topics: household employee taxes, household payroll literacy, nanny employment practices, domestic employer legal responsibilities

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