This article uses a factual scenario common to many nanny hires in order to help provide some guidance and clarification to families and nannies when negotiating nanny compensation.
After I had my first child and as my maternity leave days were coming to an end, I realized that I would need to hire a nanny to help me take care of my newborn. I interviewed a few candidates and fell in love with Sarah; she seemed to really, genuinely care about my baby. I felt confident with her; she was truly the best fit for my family. Sarah was offered $500 a week. She accepted my offer and was hired right away!
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Topics:
nanny tax
Congress tackled the "Nanny Taxes" in 1995 to streamline reporting on the family's personal income tax returns* and to establish a threshold level of wages that a family has to pay before triggering 'nanny tax' obligations.
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Topics:
nanny tax,
household payroll
Our demanding careers and busy lives sometimes leads us to hire someone to help us out around the house. If you have hired a nanny, housekeeper, elder caregiver, personal assistant, or any other person to provide services in your home you might become a household employer. What does it mean?
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Topics:
nanny tax,
household payroll tax,
nanny tax compliance
HomeWork Solutions is the Nation’s Leading Preparer of Household Employment Tax Returns, the so called “Nanny Taxes”
HomeWork Solutions provides professional payroll and tax services to household employers, nationwide. Our company has more than 20 years of experience helping families comply with their household employment payroll and taxes. Our office is staffed with 18 payroll professionals and 2 interns 100% dedicated to simplifying this complicated process for YOU!
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Topics:
nanny payroll,
nanny tax,
nanny taxes,
calculate nanny payroll tax,
household payroll
How pleased were we to read the latest article in the New York Times by economic reporter Adam Davidson, "What’s an Idea Worth?".
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Topics:
elder care,
nanny income tax,
accountants,
nanny tax,
household payroll tax
El Congreso de los Estados Unidos está debatiendo la reforma migratoria que podría liderar un camino a la ciudadanía para los cerca de once millones de trabajadores indocumentados que viven y trabajan hoy en las sombras, evadiendo la legislación fiscal. Una buena parte de éstos trabajadores, están empleados como niñeras, empleadas domésticas y personas al cuidado de adultos mayores.
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Topics:
nanny payroll,
nanny tax,
payroll tax enforcement,
nanny tax compliance
Today I woke up with the song “I believe I could fly” in my head. I could not associate this phrase with anything other than the feeling a child has for their dad, their first super hero. That person who makes the impossible … possible! When talking about dad, I don’t just refer to our biological dad; but to all male figures that influence and make a difference in a child’s life. Father figures can include fathers, step-fathers, fathers-in-law, grandfathers and great-grandfathers and even other male relatives. I am talking about that powerful man, able to solve and fix every broken thing around the house, and even, the entire world!
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Topics:
nanny payroll,
nanny tax
There is good news for household employers who pay their nanny or senior caregiver "on the books." These employers are often eligible for tax savings on their personal income tax returns. And these tax savings often go a long way towards offsetting the household employer taxes they paid!
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Topics:
nanny payroll tax,
nanny tax,
nanny taxes,
nanny health insurance