Posts Tagged ‘Nanny Tax’
Help! I’m a Nanny and Didn’t Get a W-2
At this time of the year we often hear from nannies with questions about taxes. If you are a nanny and haven’t received a W-2 from your employer, here are a few things you can do: 1. Ask the family if they’ve prepared your W-2 and when you can expect it. It’s entirely possible that…
Read MoreBest 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 MoreWhat Happens If I Don’t Pay Nanny Taxes?
“Not paying your nanny taxes may seem like an easy way to save some money and not have to deal with the hassles of calculating and remitting taxes. Plus, if you don’t pay nanny taxes, how is anyone going to find out? Your nanny is on board as she gets a few extra dollars in…
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 MoreNannying & The Work-at-Home Parent Part 2
Now that there have been boundaries and ground rules established, the nanny and the work at home parent will need to talk about how to handle conflict/discipline as well as work on a schedule/routine that can be followed on a daily basis. How to handle conflict: When looking to hire a nanny, having a discussion…
Read MoreNannying & The Work-at-Home Parent
Many companies are now allowing their employees to work remotely, which means they can work from home rather than heading into the office for a traditional work day. Telework for a parent has many benefits, but it can also prove challenging if you’re looking for nanny services. Finding a nanny that can navigate the ins…
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 MoreSummer Nanny Taxes
Special ‘Thank You’ to Stephanie Breedlove from Breedlove and Associates for this guest blog post! The anxiety first hits around late-April: School is coming to an end! How ironic that summer vacation actually makes life more hectic until you get everything straightened out. My kids are grown now but I remember the panic: School was going to…
Read MoreNanny Tax Amnesty
It is all too easy to fumble taxes when paying a nanny or other household worker. But, as the Wall Street Journal reported, the Internal Revenue Service is making it easier for people who may have mishandled such issues to make things right. The new tax amnesty program targets employers who improperly classified employees as independent contractors, allowing them to…
Read MoreTax Benefits When Hiring a Nanny
It is Tax season. Have you filed your taxes yet? I haven’t BUT it’s on my “to do list” this weekend. Here is some helpful information on qualifying for tax benefits from our friends at Breedlove and Associates. TLC For Kids has been referring our clients to Breedlove and Associates for many years.…
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