Nanny taxes can be confusing and many employers either skip the hassles altogether or take the easy way out and declare their nanny as an independent contractor. Neither one of those approaches works for the IRS and can get the parents into a lot of financial and tax hot water. But the IRS is giving nanny employers a break. They revamped a program started in 2011 that forgoes interest and penalties, as well as most tax due for previous years, for employers who have been issuing Forms 1099. If you’re paying your nanny under the table or declaring her as an independent contractor, this is the perfect time to begin doing things the legal way. I suggest contacting HomeWork Solutions or Breedlove and Associates for a free phone consultation. They can answer all your questions and give you some options for paying your nanny legally.
HomeWork Solutions is offering a free initial tax account set up: a $100 value. You don’t need to register for any of their paid services to take advantage of this great offer. Just say you were referred by Lora Brawley or Nanny Biz Reviews. That package includes:
- a free phone consultation where you can get ALL your nanny tax questions answered by experts.
- a free payroll analysis that will tell you what your tax obligation and your nanny’s payroll deductions will be.
- free registration with taxing authorities to establish employer accounts. This means you don’t have to wade through a lot of confusing tax paperwork.
- free New Hire Reporting, a legal requirement of all U.S. employers. Another paperwork hassle you don’t have to deal with.
Nanny care expert specializing in helping parents and nannies effectively navigate the hiring / job search process and develop long-term, successful employment relationships. Creator of the A to Z Nanny Contract and National Nanny Training Day.. Also a communications trainer, Positive Discipline Parent Educator and Mediator.
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