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The 4nannytaxes.com household payroll calculator has been updated with new withholding tax rates for 2012. Clients who write their own paychecks, please confirm your withholding calculations before issuing any 2012 payroll as there are many income tax rate changes!
Topics: nanny hourly wage, calculate nanny payroll tax, nanny non-exempt employee, new york household employment, california household employment
Many states enacted legislation and regulations in 2011 that impact household employers. If you employ a nanny, housekeeper, house manager, home health aide, or any household staff, please stay informed.
Topics: worker misclassification independent contractor, domestic employer legal responsibilities, new york household employment, california household employment
Monday December 19, 2011 Update: What appeared a certainty two days ago is suddenly in jeopardy today. The House of Representatives is poised to reject the Senate's 2 month extension of the payroll tax holiday - insisting on a bill that funds the extension for a full year. We are watching this...
Topics: nanny payroll, nanny payroll tax, domestic employer legal responsibilities, household payroll tax, household paycheck calculator
The IRS announced that the standard employee mileage reimbursement rate for transportation expenses paid or incurred beginning January 1, 2012, will be 55.5 cents per mile, unchanged from the rate in effect during the final six months of 2011 [Notice 2012-1].
This mileage rate is commonly used by household employers to compute the amount to reimburse employees such as nannies and housekeepers who use their personal vehicles for business purposes such as preschool transportation, grocery shopping and household errands.
Federal Healthcare Reform legislation (Patient Protection & Affordable Care Act) creates some compliance issues that will begin impacting household employer's payroll recordkeeping in 2012. Effective January 1, 2012, all employers must report the total cost of all “applicable employer-sponsored coverage” provided to an employee for health insurance on the employee's Form W-2. Any non-taxable payments or reimbursements that the household employer makes to their employee(s) for health insurance coverage must be reported. If the employee pays for (funds) any part of his/her health insurance coverage that is partially sponsored by the employer, the total premium cost must be reported.
Topics: nanny health insurance, nanny benefits, employee health insurance
There are a number of anticipated changes to nanny and other household payroll as we move into 2012 - and some unknowns at this time.
The NYS Wage Theft Prevention Act was signed into law in April 2011. This act amends Section 195 of the NYS Labor Law to require all private employers to provide notice to employees of their rate(s) of pay and designated pay day.
Topics: nanny hourly wage, domestic workers bill of rights, domestic employer legal responsibilities, new york household employment
Topics: elder care, senior caregivers, homecare, companionship services, companionship exemption
Guest blogger Donna Shannon of The Personal Touch Career Services is one of the few career coaches who works with the private service industry. Based in Denver, she has been teaching job searching workshops since 2004. Her book Get a Job Without Going Crazy: A Practical Guide to Your Employment Search (Booksurge Publishing, 2009) is available on Amazon.com.
We have recently been discussing the increased popularity of nanny sharing - two families hiring one nanny to care for both children. Today we will explore the top three Sticky wickets in a nanny share arrangement.
Topics: nanny share, nanny employment practices, nanny work agreement