the right choice starts with the right information
The A to Z Nanny Contract comes in a Do-It-Yourself version and a Do-It-For-Me version. The Do-It-Yourself version allows you to immediately download the guidebook, template and appendix sheets, letting you quickly and easily customize your contract. The Do-It-For-Me version is even easier. With a 15 or 30 minute phone call I’ll pull together your information then create your custom contract and get it to you within 48 hours. Don’t worry if you’re unsure about anything. I’ll … [Read more...]
To decide if you can afford a nanny, it’s important to not just look at the hourly rate but to look at all the costs involved in hiring and employing a quality caregiver. Here I’ve outline the expenses you should consider and when possible, I’ve given you a rough estimate of what they’ll cost. Wages It’s not the only expense involved but it’s by far the largest. To get a better idea of what your area’s average wage is, call a few local placement agencies or your … [Read more...]
This time of year always brings up lots of questions around nanny taxes. Here are the answers. Q. Is my employer supposed to be paying taxes on my wages? A. The simple answer is yes. Nannies, full-time or part-time, live-in or live-out, are considered household employees and your employer is legally required to pay employment taxes on the amount he pays you and withhold your portion of Social Security and Medicare taxes from your wages (5.65% for 2011). So for every $100 you … [Read more...]
Download the PDF version of this page here! This e-guide outlines the legal and tax issues associated with being a nanny employer. It’s not meant to substitute for professional legal or tax advice but it does give you a great overview of the issues you need to be aware of. If you’d like more information or are interested in having a nanny tax specialist handle all your tax issues, check out Breedlove and Associates or HomeWork Solutions. Both are great companies, provide … [Read more...]
Talking about taxes is a hard conversation to have with potential or current employers. Here are some quick tips to help guide you through the conversation. Be Prepared 1. Know what you need to earn in gross (before taxes) wages to bring home what you need in net (after taxes) wages. Use Breedlove’s Employee Paycheck Calculator to run the number until you come up with the combination that works for you. 2. Know what it will cost your employer. Your employer will pay about 9 to … [Read more...]
Because nannies work for private households, they don’t qualify for group coverage. They’re required to purchase individual policies. The fastest and easiest way to price the policies available in your state is to visit ehealthinsurance.com. Now for the tough question: who pays? I recommend every full-time employer provide health insurance coverage for their nanny. Or at least contribute to the cost of coverage. I know this is an expensive undertaking but I believe the benefits outweigh … [Read more...]
