NannyPay Blog

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 |2020-03-08T21:55:00+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

Don’t Most People Just Pay “Under the Table” Anyway?

Why You Shouldn't Pay Your Nanny "Under the Table"? Although household employment tax laws certainly add an additional expense to your childcare budget, you really can’t afford not to comply with the law. Although some nannies may even ask to be paid “under the table”, a family that agrees to such an arrangement is taking significant legal and financial risks. In the event of an audit, you, as the household employer, will be ultimately responsible for all FICA and other employment taxes that are owed to the government on your nanny’s wages, even if you did not withhold the nanny’s [...]

By |2019-08-19T15:31:26+00:00May 30th, 2019|Nanny Tax|0 Comments

I’m a New Employer – I Don’t Even Know Where To Start?

NannyPay has Been Helping Families with Taxes for Almost Two Decades If you are a first-time household employer, you've probably already learned that finding the "right" nanny or other household employee is a difficult task. Although finding a trustworthy, competent household employee is your first priority, families who choose to hire their own household help will also need to understand the "nanny tax" laws, Social Security rules, and immigration regulations. Understanding the Nanny Tax Laws Are the NannyTax laws complicated? The surprising answer, is "No, not really". In our experience, most people who take the half hour or so to [...]

By |2019-09-09T08:22:46+00:00May 23rd, 2019|Nanny Tax|0 Comments

IRS Recordkeeping

Keeping Record of your Household Employees As a Household Employer, you must keep all your records on your household employee's income and employment taxes, including Social Security, Medicare, federal unemployment taxes, federal income tax withholding, and advance payment of earned income credit, for at least 4 years after the due date of the return or after the tax is paid, whichever is later. Information you Should Maintain as a Household Employer Your employer identification number; (EIN) Copies of returns you have filed; Dates and amounts of any deposits or payments you made; Each household employee's name, address, and Social Security [...]

By |2019-09-09T08:07:09+00:00May 16th, 2019|Nanny Tax|0 Comments

Searching for Your Summer Nanny

Finding a Nanny for the Summer After what seemed like a never-ending winter, summer may have completely snuck up on you! School’s out, camps are filled, and you haven’t yet secured someone to watch the kids.  No need to worry – there’s still time to find a great nanny! Tips on Catching the Perfect Summer Nanny or Babysitter for your Family Referrals. Personal recommendations are always a great option. Since the people you are asking know your family, they can help make a great match. Talk to your neighbors, local family and friends to see who they’ve used and liked. [...]

By |2019-10-01T16:03:18+00:00May 9th, 2019|Tax Reminders|0 Comments

Thinking Outside the Screen

Guidelines for Screen Time School’s out for summer!  Your children may be excited to toss the backpacks, forget about the homework, and park themselves in front of their screens.  But you might not want them to get too comfortable. Last month the World Health Organization came out with new guidelines surrounding screen time, recommending no more than an hour for those under the age of five. While every home has its own rules regarding screen time, it’s important to fill your nanny in on yours. Let her know the limits that have been set, what your children need to do [...]

By |2019-10-03T14:21:12+00:00May 2nd, 2019|For Kids|0 Comments

Nanny Tax Laws: A Brief History

The Nanny Tax Origins Until 1994, if you paid a nanny, babysitter, a gardener, or any other household employee more than $50 in any calendar quarter, you were obligated to withhold FICA contributions from that person's wages and to remit those taxes, together with your share of FICA tax, to the IRS. You were required to do this every three months on a quarterly basis using IRS Form 942, the Household Employer's equivalent of the business employer's Form 941. At the end of the year, you were required to file a final Form 942 as well as a separate FUTA [...]

By |2019-09-09T08:01:51+00:00April 25th, 2019|Nanny Tax|0 Comments
Load More Posts