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Determining What Taxes You Must Withhold

When do Household Employers Start Withholding Taxes? If your household employee will earn $2,100 or more per year, you must withhold Medicare and Social Security taxes, commonly referred to as FICA. If you will pay your household employee $2,100 or more this year in gross wages, you are required by federal law to withhold and pay Social Security and Medicare taxes, which are sometimes collectively referred to as FICA taxes. One half of the total FICA tax you owe the government is withheld from your household employee's wages. NannyPay will automatically calculate the correct amount of FICA withholding.  You will [...]

By |2019-10-03T14:40:26+00:00August 8th, 2019|Nanny Tax|0 Comments

Learning About Your Other Obligations

Important Tax Forms and Tax Dates for Household Employers By no later than January 30th, you are required to give a Form W-2 ("Wage and Tax Statement") to each household employee you hired the previous year. Form W-2 consists of several lettered and numbered copies. Copies "B", "C" and "2" are for your employee. Remember, you are required to give each employee to whom you paid wages the previous year a Form W-2, even if they no longer work for you. If your employee leaves during the year, you can give them a W-2 at any time; you do not need to [...]

By |2019-10-03T14:31:12+00:00August 1st, 2019|Nanny Tax|0 Comments

Filing Schedule H, Reports and Paying the Government

Filing Schedule H and Paying the Federal Government Typically, household employers are required to report to the federal government once a year at tax time (April 15th) by filing a Schedule H (Household Employment Taxes) with their own income tax returns. The Schedule H lists the federal employment taxes you withheld or owe for the relevant tax year. Employment taxes may include FICA, and federal income tax withholding, your employer's share of FICA, and your Federal Unemployment Tax (FUTA) liability. You add all your employment tax liability reflected on your Schedule H to your Form 1040 or 1040A, and pay [...]

By |2019-10-01T15:59:04+00:00July 25th, 2019|Nanny Tax|0 Comments

Hiring a Nanny for Your Autistic Child

Experienced Nannies for Autistic Children You may feel a little anxious about leaving your autistic child in the care of a nanny.  While this is normal, it is important to remember there are many nannies who have experience working with special needs children who would love to build a special relationship with your child. Knowing what to look for in a nanny and where to find one will help your family find the perfect match, and put your mind at ease.  The National Institute of Health defines Autistic Spectrum Disorder (ASD) as a developmental disorder that affects communication and behavior.  [...]

By |2019-10-01T16:15:32+00:00July 18th, 2019|Hiring, NannyPay|0 Comments

Using an Agency vs. Independent Caregiver

Hiring Household Employees: Using an Agency vs. Hiring a Nanny or Eldercare Giver Independently Life has gotten busy, and you’ve determined that your household could really use another set of hands. Whether you’re searching for a nanny, elder caregiver, maid, gardener or another household employee, there are a couple of ways to go about it. Not sure if you should use an agency to provide additional help or hire somebody directly on your own? Here are some things to think about.  Using an Agency Pros: You’ll save time.  Using an agency will take care of the hiring process for you. [...]

By |2019-10-01T16:47:24+00:00July 11th, 2019|Hiring, NannyPay|0 Comments

Seven Thoughtful Gift Ideas to Show Your Nanny Appreciation

Gift Ideas to say "Thank You" to your Nanny She has such a special relationship with your children, they love her like she’s part of the family, and you don’t know what you’d do without her!  But with the press of your everyday life, including tasks specific to paying your nanny each week and those pesky nanny taxes, it’s easy to take your nanny for granted.  Although National Nanny Recognition Week will be taking place this September 22- 28, it’s always a good idea to let your caregiver know how much she means to you and your family now and [...]

By |2019-10-01T16:04:36+00:00July 4th, 2019|Nannies|0 Comments

Determining Your Household Employee’s Employment Eligibility

Is your Nanny Legally Able to Work for you? Can your household employee legally work for you? This issue is all too often overlooked but should be on of the first questions you ask a potential employee. It is unlawful to employ, or continue to employ, any person as a household employee who cannot legally work in the United States. When you hire a household employee to work for you, you are responsible for verifying that this person is legally eligible to work in the United States. Verification your Nanny can Legally work in the US You and your household employee must [...]

By |2019-09-10T07:35:01+00:00June 27th, 2019|Nanny Tax|0 Comments

Juggling Elder Care and a Full-Time Job

Caring for your Parents while Holding your Job Taking care of an aging parent or loved one, while holding down a full-time job, can make it feel like you are working around the clock. With the added stress, minimal sleep and twice the amount of responsibility, you may be left feeling exhausted.    According to the Family Caregiver Alliance,  as many as 42 percent of employed Americans have provided eldercare to a parent or senior family member in the last five years.  The average age of these elder caregivers is 49, which also happens to be a peak time for earnings [...]

By |2019-10-01T16:38:48+00:00June 20th, 2019|Caregivers|0 Comments

June Just Got Tastier

National Veggie Day It’s time to eat up! June 17th is National Eat Your Veggies day. What’s a summer BBQ without corn on the cob, a side of potato salad, freshly roasted asparagus and a slice of juicy watermelon? Rich in vitamins, minerals and nutrients, research has shown that people who consume fruits and veggies as part of their daily diet are likely to have a reduced risk of some chronic diseases such as heart disease, and are more likely to be protected against certain types of cancers. Fruits and veggies are naturally low in calories, many are high in [...]

By |2019-10-01T15:38:31+00:00June 13th, 2019|Cooking|0 Comments

Does the Summer have you feeling Sandwiched and Stressed?

Caring for Children and Aging Parents Taking care of the little ones can be stressful enough, but adding an aging parent to the mix can be downright exhausting.  Your aging parent may have medical needs such as Alzheimer’s disease or physical limitations, which can add another level of stress.  It certainly does not get any easier when the kids are home for summer break and everyone’s routine is a little off. The Sandwich Generation People taking care of both their children and their parents make up what is known as “the sandwich generation.”  According to The Pew Research Center, the [...]

By |2019-10-03T14:09:49+00:00June 6th, 2019|Caregivers|0 Comments
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