Posts Tagged ‘nanny taxes’
Best Practices to Establish the Perfect Nanny Relationship
Our guest post today comes from International Nanny Association. You’ve finished your search and have finally hired the best-fit nanny for your family, but where do you go from here to ensure that you develop the best possible nanny relationship ongoing? Honeymoon Period In every new job, both the employer and employee will be…
Read MoreFederal Reporting Thresholds for Household Employers
Tax information for employers and nannies is being updated for the new year. Thanks to our friends at HomePay for this valuable information all nannies and employers should know. The earnings threshold that triggers the requirement to remit FICA taxes on a household employee’s wages will increase from $2,400 in 2022 to $2,600 in 2023.…
Read MoreEvery Family Needs A Work Agreement With Their Nanny
TLC Family Care has always asked families and nannies to complete a work agreement before the nanny begins. Our friends at Breedlove and Associates share with us why the nanny work agreement or nanny contract is so important. Hiring a nanny can be both exciting and nerve-wracking, especially for ultra-busy, sleep-deprived families. Often, the obsession…
Read MoreNanny Pay and the Overtime Rule of 2016
On December 1st, 2016 the final rule for the overtime laws in the Fair Labor Standards Act takes effect. The rule simplifies overtime laws and makes them easier for employers and employees to understand. The final rule will: Raise the salary threshold indicating eligibility from $455/week to $913 ($47,476 per year), ensuring protections to 4.2 million…
Read MoreUnderstanding Nanny Taxes
Do you have a summer nanny working for you this season or an after-school nanny starting in the fall? Many of TLC’s clients hire a TLC caregiver to be their full-time nanny during the summer or a part-time, after-school nanny to help out during the school year. Having a nanny makes life a lot easier,…
Read MoreWhy didn't I get a W-2?
When tax time comes around every year TLC for Kids is often asked this question…Why didn’t I get a W-2? Babysitters often times do not receive W-2’s from the families they babysit for. Nanny tax experts Breedlove and Associates share the reason why. Nannies who work for one or more families on a temporary basis usually have lots of tax…
Read MoreHealth Insurance for Nannies
Health insurance is a big concern for nannies, especially single nannies. TLC for Kids has found that nannies are looking for health insurance as part of their full time job compensation package. Offering health insurance to a nanny is possible and a tax free benefit! Saving both the family and the nanny money! Here is…
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