NannyPay Blog

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Reminder: 2015 Forms W-2

Household employers were required to provide their employees a Form W-2 for wages paid to them in 2015 by February 1st.  If you haven’t already done this yet, you should so so immediately. Paper filers are reminded that Copy A of all your Forms W-2, along with a Form W-3,  by February 29th.  If you miss that deadline for some reason, you can file electronically by March 31st and still not be considered late. This will be the last tax year in which the IRS will offer this “electronic filing extension”.  President Obama recently signed legislation that will require all [...]

By |February 25th, 2016|Tax Reminders|0 Comments

Reminder to Update Your Tax Rates

Reminder to Update Your State Unemployment Tax RatesIf you are using NannyPay to withhold employee unemployment insurance (UI) taxes, or to estimate your liability for employer contributions, be sure to update your rates in NannyPay for 2016. Because these rates vary by state and by employer, these are user-configured settings which you must update yourself to reflect any changes in rates for 2016.

By |December 28th, 2015|NannyPay Updates|0 Comments

How to Give Your Nanny a Bonus

Holiday time is approaching and you may be considering offering your nanny or other household employee a cash bonus. You have two options (aside from just giving her the cash), either cut your employee a separate bonus check or include it with their regular payroll. Here's how to pay your bonus using NannyPay2 for each scenario. Scenario 1: You want to give your employee a separate bonus check. Step 1: Make sure you are using the the most recent version of NannyPay2. If you are unsure, click "Check for Updates" under the "NannyPay2" menu (Mac) or the "Help" menu (Windows). [...]

By |November 24th, 2015|Tips|0 Comments

Is That Turkey Taxable?

Are you thinking of providing a gift to your household employee for Thanksgiving? Autumn table setting with pumpkins. Thanksgiving dinner and autumn decoration. If so, you are not alone. A recent survey of employers revealed that upwards of 26% of employers will provide some form of Thanksgiving gift this year to their employees, an historically high percentage. But is that gift taxable? In general, under IRS guidelines, if the value and frequency with which the gift or benefit is provided is so small as to make accounting for it unreasonable or impractical, it’s not taxable. This is what [...]

By |November 18th, 2015|Tips|0 Comments

DC UC Wage Base Increases for 2016

District of Columbia employers should note that the unemployment taxable wage base will be $9,000, effective December 1, 2016. Many other states are likewise raising their UC wage bases for tax year 2016. NannyPay customers should remember to change the UC settings in the software to reflect these changes before the first pay period in 2016 to insure their withholdings are correct.

By |November 11th, 2015|Tips|0 Comments

FLSA Lawsuits Headed For Record High in 2015

A recent review of federal court filings as of August, 2015, demonstrates a substantial increase in the number of Fair Labor Standards Act (FLSA) civil filings compared to the same period last year. If the rate continues, it would be the largest number of FLSA civil cases since the fiscal crisis of 2008. Generally speaking, the FLSA requires employers of hourly wage earners, such as nannies, to pay overtime pay to those employees who work more than 40 hours in a week. Household employers who pay “under the table”, incorrectly classify their nannies as independent contractors, or who do not [...]

By |November 8th, 2015|Tips|0 Comments

Be Sure to File Your Employment Tax Returns, Or Else

Most times, household employers run afoul of the law by paying their household help “under the table” and not withholding the proper employment taxes. But by paying your nanny legally, and withholding taxes from her pay, creates a trust relationship between you and the government with regard to those withheld taxes. If you withhold employment taxes, and then fail to pay those taxes over to the government, you likewise face substantial liability as a “responsible person” under federal (and most states’) tax laws. In US v. Hastings (W.D. Mo. 2015), a bookkeeper for a small business who willfully failed to [...]

By |November 6th, 2015|NannyPay, Tax Reminders|0 Comments

Daycare vs Nanny

Growing up I always wanted to be a stay at home mom. As I got older reality set in and I realized that might not be an option for me. Plan B was derived: if I had to work and so did my husband we would want a loving nanny to care for our child and help around the house with light chores. Daycare was last on our list - simply because we had no experience with daycare in our families. Sure enough in 2012 our little boy arrived and we are a working parental team and like many other [...]

By |August 31st, 2015|Hiring, NannyPay|0 Comments

4 Tips to Beat Summertime Boredom

“I’m bored!” a quote by kids that we, as parents and yes even nannies, will hear once or twice this summer. How do you fix boredom for kids? Offer options. Not just your options but let them jump in on the action too and make it fun. Knowing my kid is a typical boy and go, go, go from morning til night… I like to not only offer activity options but also a little structure to the day. It helps keep me sane and him busy within reason. Here are a few ideas: Plan a BIG Activity Each Month for [...]

By |August 16th, 2015|For Kids, Guest Post|0 Comments

Is Nanny Camp for Real?

It’s the summer… you may or may not be taking a vacation. For some you many choose to bring your nanny others may choose to give time off. What if there was a Nanny Camp? Ok well maybe not a real camp, but a chance for you to invest in your employee and take full advantage this time when you kids are with you! Think about it… many successful businesses live by the motto - invest in your employees to invest in your company. It works the same way with your household employees. Take care of them and they take [...]

By |July 21st, 2015|Tips|0 Comments