No Matter Where You Are...Enjoy the Break You Deserve!

No Matter Where You Are...Enjoy the Break You Deserve!

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Showing posts with label Nanny taxes. Show all posts
Showing posts with label Nanny taxes. Show all posts

Friday, April 23, 2010

Why Pay Legally?

The most common complaint families have when hiring domestic staff is the "hassle" it takes to pay them legally and set up household payroll. While we are not here to advice you on your finances, we cannot stress how important it is to pay your household staff properly. Need reasons why? We refer you to the experts! 


GTM Payroll Services 

Breedlove & Associates 
HomeWorkSolutions


These are just a few of the amazing companies to help you get household payroll started--making it easier to do the right thing!

Friday, March 26, 2010

Is A Nanny Really An Employee? What About A Housekeeper?

Clients and candidates alike often ask this question, especially when deciding whether to use a household payroll company such as GTM or Breedlove & Associates. We're glad to give you the simplest answer: YES! If you earn at least $1,600 and/or are working for a client in their home on a consistent basis, then you are considered an employee of that client. 


What does this mean for you? That depends. For most families, regardless of income level, child care tax breaks offset most, if not all, of the employer tax costs. For candidates, it is so important to pay on the books because it gives you proof that you are working and paying taxes. If you try to buy a home, a car, or apply for a credit card, it is very important to have proof that you are legally earning that money. Plus, your taxes contribute to your Social Security fund, Medicare taxes, and federal & state withholdings. What if you get laid off, and can't apply for Unemployment because you have no proof of your previous job? Food for thought!


Check out http://gtm.com/index.html and www.breedlove-online.com for more information.