What About Taxes?

WhatAboutTaxes  

 

 

 

 

 

 

 

 

 

 

Now that you have found the perfect nanny for your family, you might be coming to the realization that you are officially an "employer."   So where do you start?  What are the employment laws in your state?  How will you know how much to deduct from your nanny's salary? How often are you supposed to report her earnings to the IRS? Is there a way to do direct deposits for your nanny? What if you are audited by the IRS? How can you know you did everything correctly?

All of these questions can be daunting, and managing nanny and household help taxes can be time consuming.  Your Happy Nest encourages all of our clients to consider the trusted services of HomePay by Breedlove.  The professionals at HomePay have taken all of the guesswork out of household employer tax requirements.  Not only will they help you navigate your IRS obligations, they offer many services that greatly simplify the process.  Along with expert guidance and support, they offer many services such as payroll management and tax filing.  Download their free e-book and check out the video below to learn more about their services, or simply give them a call for a free consultation. (888-273-3356)  We have a great relationship with this company, so don't forget to tell them that Your Happy Nest sent you!

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